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 2, 2015
Tokyo, Japan and Jeddah, Saudi Arabia, April 2 , 2015 --- Hitachi, Ltd. (TSE: 6501, “Hitachi”) today announced the commencement of operations of Hitachi T&D Systems Saudi Arabia Ltd. (“HTDSA”), a joint venture company with Walid Ahmad Juffali Company Limited (“WJCO”) in Transmission & Distribution equipment and systems.
With an investment plan to construct a new manufacturing plant for gas-insulated switchgear to be located in Jeddah, in the Kingdom of Saudi Arabia, the company will focus on operations for gas-insulated switchgear from design and manufacture, through to assembly, installation and sales, as well as handling the entire process at substations from design through to procurement, construction, maintenance, and other related operations.
HTDSA will positively contribute to Saudi Arabia society by providing highly reliable products and services, and by creating a unique skill set through the training and development of local Saudi Arabia talent.
There is a growing need for a variety of electric power transmission and distribution infrastructure in conjunction with increasing introduction of renewable energy in recent years, in addition to expansion in demand for electric power in emerging countries and demand for renewal of aging transmission and distribution infrastructure in advanced countries.
In the Middle East, an increasing population and economic growth have underpinned a sharp increase in demand for electric power. There is now an urgent need to bolster the power transmission and distribution infrastructure. There is a particularly acute market need in the Kingdom of Saudi Arabia, but needs are compelling even on a global level, for gas-insulated switchgear, which plays a vital role in the field of electric power transmission and distribution. Demand is expected to expand even further going forward.
Hitachi aims to expand its transmission and distribution business in the global market and to this end HTDSA joins an established global network of companies that undertake manufacturing and engineering operations located in Atlanta, Suzhou, Shandong, Taichung, Jakarta and Singapore as it continues to promote its global business development.
Looking ahead, Hitachi will utilize its global production and engineering bases to answer the needs of countries and regions seeking to establish and expand their power transmission and distribution infrastructure by providing entire power-grid system solutions.
| Item | Description |
|---|---|
| Company Name | Hitachi T&D Systems Saudi Arabia Ltd. |
| Location | P.O. Box 13080, Jeddah 21493, Kingdom of Saudi Arabia |
| Founded | March 29, 2015 |
| Management | CEO: Yuichi Wakabayashi |
| Business Activities | Focusing on gas-insulated switchgear from design and manufacture, through to assembly, installation and sales, as well as handling the entire process at substations from design through to procurement, construction, maintenance, and other related operations. |
| Shareholders | Hitachi, Ltd. 51%, WJCO 49% |
For more information on HTDSA, please visit the company's website at
http://www.hitachi.com/products/power/TandD/location/index.html#plink09
Hitachi, Ltd. (TSE: 6501), headquartered in Tokyo, Japan, delivers innovations that answer society's challenges with our talented team and proven experience in global markets. The company's consolidated revenues for fiscal 2013 (ended March 31, 2014) totaled 9,616 billion yen ($93.4 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 materials & components, automotive systems, healthcare and others.
For more information on Hitachi, please visit the company's website at http://www.hitachi.com
WJCO, headquartered in Jeddah, in the Kingdom of Saudi Arabia, is focused on providing the best in class products, services, solutions and advanced technologies. With a fundamental focus on business and investments that deliver social benefit, WJCO is actively involved in industries which include energy, infrastructure, construction, insurance, engineering, health care and technology.
For more information on WJCO, please visit the company's website at http://www.wj-co.com
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