Hitachi said Wednesday that it has signed a contract with Bombardier Transportation to jointly manufacture 14 high-speed trains for an Italian railway operator. Under the €575 million (¥69.9 billion) deal concluded with operator Trenitalia SpA, the major Japanese machinery-maker and Bombardier Transportation, an affiliate of ...
Hitachi to spend ¥1.2 trillion on research and development over three years
Major electronics and machinery-maker Hitachi Ltd. said Tuesday it will spend ¥1.2 trillion on research and development activities over the three years to fiscal 2021, up about 20 percent from the level in fiscal 2016-2018. The company plans to use up to ¥2.5 trillion for ...
Hitachi high-speed train unveiled in Britain before launch of London to Leeds service
Hitachi Ltd.'s new high-speed train called Azuma was unveiled in London on Tuesday, a day prior to beginning intercity passenger services. London North Eastern Railway was set to launch the diesel-electric hybrid train service on Wednesday on an electrified section of track covering about 300 ...
Hitachi Ltd. is considering selling core subsidiary Hitachi Chemical Co., it was learned Thursday. According to sources with knowledge of the matter, Hitachi is in contact with several businesses and investment funds to select a buyer of the unit. The company is set to accelerate the ...
In aftermath of Fukushima triple meltdown, Japan's nuclear industry faces fierce headwind
This is the last in a five-part series examining how the northeast and the nation are progressing with efforts to deal with the March 2011 earthquake, tsunami and nuclear crisis. Even after the Fukushima No. 1 crisis in March 2011 forced Japan to rethink its ...
During inspections last year, the Organization for Technical Intern Training found technical interns engaged in work outside the remit of their training programs, sources said.
Hitachi sees net profit fall due to halting of U.K. nuclear project
Hitachi Ltd. on Friday reported a 68 percent decline in group net profit in the April-December period from a year earlier, with the firm primarily attributing the fall to its subsidiary’s suspension of a nuclear power plant project in the United Kingdom. The Japanese electronics ...
Hitachi boss says nationalization is 'only path' to save Wales nuclear plant project
Hitachi's frozen nuclear power project in Britain can only be revived if it is nationalized, the Nikkei business paper reported the company's chairman as saying on Wednesday. "Nationalization is the only path," Hiroaki Nakanishi was quoted as saying at the World Economic Forum Annual Meeting ...
Hitachi to remain in nuclear business after halting plant project in Wales, chairman says
Hitachi Ltd. plans to remain in the nuclear business, its chairman said, even after suspending a reactor project in the U.K. and as public anxiety over the technology persists. "When we build up some nuclear power stations, we have to maintain this for 40, 50, ...
The government and related industries need to face up to the situation surrounding the nuclear power business and reassess the way forward.
Hitachi chief's remarks on nuclear industry spark debate
On Jan. 1, Hiroaki Nakanishi, chairman of the Japan Business Federation (Keidanren), held press interviews on the outlook of the business community and, at one point, the discussion turned to nuclear energy. Nakanishi is also the chairman of Hitachi Ltd., a major supplier of nuclear ...
The Hitachi Ltd. board decided Thursday to suspend a plan to build two nuclear reactors in the U.K. after facing difficulties in finding investors to help finance the ¥3 trillion ($27.5 billion) project. The freezing of the project in Anglesey in Wales would mean that ...
