Hitachi and Bombardier to supply trains for operation in Spain
Hitachi Ltd. said Wednesday that the firm and a subsidiary of Canada's Bombardier Inc. will supply 23 high-speed trains to an Italian railway operator for services in Spain under a contract of around €800 million (¥100 billion). The first train will be delivered to Italian ...
IBM ties up with Japanese business and academia in quantum computing
The "Quantum Innovation Initiative Consortium" will be based at the University of Tokyo and include Toyota, financial institutions and chemical manufacturers.
Hitachi wins order of transformers for 400 locomotives in India
The state-backed Indian Railways project is allocating $15.9 million to manufacture the equipment as part of India's goal to achieve zero carbon emissions in 10 years.
Hitachi ends acquisition of ABB's power grids business and plans expansion
Electronics and machinery giant Hitachi Ltd. has completed the acquisition of a power grids company carved out from Swiss heavy machinery maker ABB Ltd. Hitachi said Wednesday it spent $6.85 billion, or ¥740 billion, to buy an 80.1 percent stake in the power grids company, ...
U.S. warns Hitachi not to sell U.K. nuclear project to China
The administration of U.S. President Donald Trump has warned Hitachi Ltd. not to sell its nuclear power project in Britain to China due to security concerns, The Sunday Times has reported. China General Nuclear Power Corp., the country's largest state-owned nuclear power company, is keen ...
Hitachi, Toshiba and Miraca join forces to raise output of antigen test kits
Industrial conglomerates Hitachi Ltd. and Toshiba Corp, as well as Miraca Holdings subsidiary Fujirebio, said on Friday they will jointly set up a facility to produce antigen-testing kits for the coronavirus. The line would help double production of Fujirebio's testing kits, which received government approval ...
Many firms continue to push teleworking after emergency state lifted
Hitachi said it will ask its employees to work from home in principle through the end of June, except for such cases as infrastructure inspections.
Hitachi Ltd. will help medical equipment makers boost ventilator production to address the coronavirus pandemic by procuring electronic parts for them through its worldwide supply chains, according to sources. The government is asking automakers, electronics makers and other companies that usually don't manufacture medical goods ...
Canon closes Tokyo HQ and four other offices due to coronavirus
Canon Inc. said Tuesday is is closing down its Tokyo headquarters and four offices in Kawasaki through April 17 due to the spread of the novel coronavirus in the metropolitan area. The headquarters normally has around 6,000 employees onsite. The Kawasaki offices engage in research ...
Hitachi exec Toyoaki Nakamura nominated for Bank of Japan board
The government on Tuesday nominated Toyoaki Nakamura, an executive at Hitachi Ltd., to join the Bank of Japan's nine-member Policy Board. Nakamura, 67, would replace Yukitoshi Funo, a former executive of Toyota Motor Corp. who has consistently voted with the majority and holds a neutral ...
Japanese firms take Brexit in stride but worry over British prospects for trade talks with EU
Japanese companies in Britain are taking the British exit from the European Union in stride, but some are wary that if Britain-EU trade talks falter, prospects for business in Europe will become uncertain. Many firms had already completed preparations for Britain's exit from the bloc, ...
Hitachi's net profit sinks 33% on weak overseas sales from April to December
Hitachi Ltd. reported Friday its group net profit for the April to December period sank 33.3 percent from a year earlier to ¥55.15 billion ($505 million) because of falling sales in China and elsewhere in Asia. The industrial machinery and electronic device manufacturer also said ...
