Hitachi weighing sale of metal unit to Bain Capital-led group
Hitachi will negotiate with the group, which also involves investment fund Japan Industrial Partners Inc., in a potential deal that could be worth several hundred billion yen.
Hitachi Metals to cut 1,000 jobs through voluntary redundancy
Including through attrition and cuts in nonregular workers, the company plans to slash about 3,200 jobs, or nearly 10% of its total workforce.
Hitachi Metals Ltd., Japan's biggest maker of magnets containing rare earths, will pay $1.3 billion for Wisconsin-based Waupaca Foundry Inc., gaining four foundries in the company's home state and two others elsewhere in the U.S. The purchase will be financed with cash and debt, according ...
A dozen Chinese rare-earth firms plan to jointly sue Hitachi Metals, claiming it is holding invalid patents and exercising patent rights in an illegitimate manner.
