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.
April 27, 2011
Tokyo, April 27, 2011 - Hitachi, Ltd. (TSE:6501/ NYSE:HIT) and Mitsubishi Heavy Industries, Ltd. (TSE: 7011) today announced that they have begun discussions on sharing specific roles and defining actual procedures for jointly implementing measures to support recovery efforts at the Fukushima Daiichi Nuclear Power Station operated by Tokyo Electric Power Company, Incorporated (TEPCO).
Immediately after the March 11 earthquake, Hitachi established a 24-hour “Emergency Response Center for Nuclear Power” on March 11, immediately after the earthquake struck. Since then the company has dispatched approximately 500 engineers and other workers to the Fukushima site and is making every possible effort toward restoring electricity within the power plants. The company has also established a “Fukushima Project Supervisory Office,” and it has launched a joint team of Japanese and American experts in cooperation with U.S. utility firms and engineering companies. The team is now working to strengthen the short-tem measures currently in place and formulate medium- to long-term countermeasure plans.
Concurrent with these initiatives at Hitachi, MHI established an “Emergency Operation Center” and began providing support relating to the Fukushima Daiichi Nuclear Power Plant, including provision of emergency supplies such as radiation shields and conversion work on the Mega-Float to be used to store large volumes of contaminated water. The company has also proposed medium- and long-term plans that include a contaminated water treatment system, cooling system, and measures to enclose the plant buildings. Meanwhile, as a comprehensive heavy machinery manufacturer, MHI has been studying how to provide support in areas not directly involving nuclear power: for example, robots, special vehicles and aircraft.
Hitachi and MHI will discuss maximum utilization of their respective technologies and of the technologies of their respective partner companies in order to support the Japanese government and TEPCO in every way possible toward improving conditions at the Fukushima Daiichi Nuclear Power Station.
Hitachi, Ltd., (NYSE: HIT / TSE: 6501), headquartered in Tokyo, Japan, is a leading global electronics company with approximately 360,000 employees worldwide. Fiscal 2009 (ended March 31, 2010) consolidated revenues totaled 8,968 billion yen ($96.4 billion). Hitachi will focus more than ever on the Social Innovation Business, which includes information and telecommunication systems, power systems, environmental, industrial and transportation systems, and social and urban systems, as well as the sophisticated materials and key devices that support them. For more information on Hitachi, please visit the company's website at http://www.hitachi.com .
Mitsubishi Heavy Industries, Ltd. (MHI), headquartered in Tokyo, Japan, is one of the world's leading heavy machinery manufacturers, with consolidated sales of 2,940.6 billion yen in fiscal 2009, the year ended March 31, 2010. MHI's diverse lineup of products and services encompasses shipbuilding, power plants, chemical plants, environmental equipment, steel structures, industrial and general machinery, aircraft, space rocketry and air-conditioning systems.
For more information, please visit the MHI website (http://www.mhi.co.jp/en/index.html).
