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.
June 5, 2013
- Contribute to the application of IT in agricultural and mining industries
and the expansion of Social Innovation Business -
Sao Paolo, Brazil June 5, 2013 - Hitachi, Ltd. (TSE:6501, "Hitachi") today announced the opening of the Hitachi Brazil Ltd., R&D Division (Hitachi Brasil Ltda., P&D Divisao, hereafter, "Hitachi Brazil R&D") in Sao Paolo, Brazil as a research center under Hitachi Brazil, Ltd. to efficiently promote the expansion of business directly linked with the regional needs of Brazil, which is experiencing continued high economic growth. Hitachi has already established six regional research bases worldwide to integrate and promote regional research and development in Japan, North America, Europe, China, South-east Asia and India. The establishment of Hitachi Brazil R&D forms the seventh base. The Brazil laboratory will be conducting research and development based on local needs as well as conduct collaborative research on advanced technologies with universities in Brazil, to contribute to the expansion of business in Brazil.
Hitachi has selected Brazil as a region for concentrating efforts to expand Social Innovation Business such as Information & Telecommunication Systems, Power Systems and Rail Systems. The activities of the Brazil laboratory will target the expansion of Brazilian business based on research and development taking advantage of characteristics particular to the region; the outline of which is described below.
Through the opening of the Brazil laboratory, Hitachi will accelerate the establishment of a locally-led R&D organization as well as business expansion, and through the full-scale entry of Social Innovation Business and the enhancement of existing businesses, contribute to progress in Brazil and the realization of a sustainable society.
Hitachi, Ltd. (TSE: 6501), headquartered in Tokyo, Japan, is a leading global electronics company with approximately 326,000 employees worldwide. The company's consolidated revenues for fiscal 2012 (ended March 31, 2013) totaled 9,041 billion yen ($96.1 billion). Hitachi is focusing more than ever on the Social Innovation Business, which includes infrastructure systems, information & telecommunication systems, power systems, construction machinery, high functional material & components, automotive systems and others. For more information on Hitachi, please visit the company's website at http://www.hitachi.com.