Hitachi, Ltd. today announced in order to strengthen cost competitiveness and improve
business efficiency, the refrigerator and room air conditioner mass-production design
and manufacturing functions of the Refrigeration & Air Conditioning Division will be
transferred to a new company, Hitachi Tochigi Technology Co., Ltd., which will start
operations on July 21, 1998.
The Refrigeration & Air Conditioning Division will be able concentrate on product
planning, development and marketing, while the new company will handle the design
and manufacturing side. This reorganization will provide a new flexibility attuned to
the rapid changes taking place in the marketplace, and is expected to strengthen the
company's competitiveness.
<Outline of the new company>
Capital: 450 million yen (100% provided by Hitachi, Ltd.)
Establishment: July 1, 1998 (operations to start July 21)
Employees: Around 1,000
Location: Tochigi Prefecture
Business: Mass-production design and manufacture of refrigerators, room air
conditioners, etc.
Sales: The sales target for 2000 is 50 billion yen
<Outline of the Refrigeration & Air Conditioning Division>
General Manager: Nobuhiko Sasamoto
Employees: 2,500
Location: Tochigi Prefecture
Business:
-Product planning, development and development prototyping of
refrigerators and room air conditioners
-Development and manufacture of garbage processors
-Rehabilitation equipment and other environmental and welfare
related Products
Contact:Setsuko Minamikawa
Hitachi, Ltd.
(03) 3258-2057
minami@cm.head.hitachi.co.jp
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