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Information contained in this news release is current as of the date of the press announcement, but may be subject to change without prior notice.
Dec 21, 2011
Accelerated Global Expansion with Autonomous Diversified Operations, Close Ties with Customers and Communities
Tokyo & Singapore, December 21 2011 -- Stepping up the pace of its global expansion, Hitachi Plant Technologies, Ltd. ("Hitachi Plant Technologies") is in the process of establishing local subsidiaries in Southeast Asia and India. The new companies will engage in autonomous diversified operations and build close ties with customers and communities in their location.
The subsidiary to be established in December 2011 - Hitachi Plant Technologies (Asia) Pte. Ltd. - in the Republic of Singapore will oversee operations of local subsidiaries in Southeast Asia. Moreover as its affiliated subsidiaries, Hitachi Plant Technologies (Thailand) Co., Ltd. (provisional name) in the Kingdom of Thailand will be established in December 2011 and PT. Hitachi Plant Technologies (Indonesia) Co., Ltd. (provisional name) in the Republic of Indonesia and Hitachi Plant Technologies (Vietnam) Pte. Ltd. (provisional name) in the Socialist Republic of Vietnam will be established in March 2012.
Furthermore Hitachi Plant Technologies (Asia) Pte. Ltd. will retain existing subsidiaries including Hitachi Aqua-Tech Engineering Pte. Ltd. in Singapore, PHPC Co., Ltd. Inc. in the Republic of the Philippines and MHPT Engineering Sdn. Bhd. in Malaysia.
A further subsidiary, Hitachi Plant Technologies (India) Pvt. Ltd. (provisional name) in the Republic of India, will be established in February 2012.
These local subsidiaries are being launched to speed up decision-making and create a system to clarify responsibilities. The aim is also to develop business activity firmly rooted in the region. Supervisory control of region-wide operations will be assigned to Hitachi Plant Technologies (Asia) Pte. Ltd. to provide management support in areas such as marketing, sales, technology, and procurement. This arrangement is also expected to enable efficient allocation and utilization of management resources and to strengthen global recruitment of human resources, training and corporate governance.
Since establishing a Singapore Office in 1977, Hitachi Plant Technologies has aggressively expanded operations in the Asian Belt Zone* and has steadily learned more about market environments in each country and region as it established representative offices, sales offices and local subsidiaries.
In recent years, economic expansion and population growth has accelerated in India and emerging countries in this region, resulting in active investment in social and industrial infrastructure. At the same time, Japanese companies have set up new production bases or expanded existing ones.
Hitachi Plant Technologies made the decision to establish the subsidiaries in Southeast Asia and India in order to respond to regional market trends and meet the needs of customers in the region. Hitachi Plant Technologies expects these autonomous diversified operations with close ties in their localities will accelerate the strategic growth for forming group companies to generate stable high profits. Through these efforts, Hitachi Plant Technologies intends to reach its business goals: to ‘Strengthen our Ability to Provide Total Solutions’, ‘To Expand our Service Business’, and ‘To Accelerate Global Expansion’.
*. The Asian Belt Zone comprises 24 countries and regions along the coast of the Asian continent, from Japan to the Arabian Peninsula, including China, ASEAN-member nations, India, and the Middle East.
Hitachi Plant Technologies, Ltd. ― Supporting Infrastructure with Environmental and Energy-Saving Technologies ― is a member of the Hitachi Group. Harnessing its engineering capabilities, monozukuri (manufacturing) skills and project expertise, Hitachi Plant Technologies offers total solutions for social and industrial infrastructures.
The core businesses of our group mainly comprise Social Infrastructure Systems (pumps, compressors and water treatment systems), Industrial Systems (mechatronics, and chemical and pharmaceutical plants), Air Conditioning Systems (industrial and building facilities) and Energy Systems (nuclear and thermal power plants construction). For more information on Hitachi Plant Technologies, please visit the company's website at http://www.hitachi-pt.com.