• E-mail
• Print
• Comment
• Font Size
• Digg
• del.icio.us
• Discuss article

Appointment of President and Name for New Integrated Company to Run Hitachi Group's Social and Industrial Infrastructure Systems Business

Posted on: Monday, 31 October 2005, 00:00 CST

Hitachi Executive Vice President Masaharu Sumikawa

Appointed President of Hitachi Plant Technologies, Ltd.

Hitachi, Ltd. (NYSE:HIT) (TOKYO:6501), Hitachi Plant Engineering & Construction Co., Ltd. (TOKYO:1970), Hitachi Kiden Kogyo, Ltd. (TOKYO:6354) and Hitachi Industries Co., Ltd. today announced the appointment of Hitachi Executive Vice President and Executive Officer Masaharu Sumikawa as the President and Chief Executive Officer of the new integrated company to be formed on April 1, 2006. The new company is being established with the purpose of strengthening the Hitachi Group's social and industrial infrastructure systems business. Specifically, plans call for part of the Public & Municipal Systems Division (machinery-related systems business) and the majority of the Industrial Systems Division in Hitachi's Industrial Systems Group to be separated and transferred to Hitachi Plant. At the same time, Hitachi Kiden and Hitachi Industries will be merged into Hitachi Plant, which will continue to operate.

Hitachi, Hitachi Plant, Hitachi Kiden and Hitachi Industries have also agreed to rename Hitachi Plant, which will continue to operate, Hitachi Plant Technologies, Ltd., with effect from April 1, 2006 (the date of the corporate split and merger).

Starting operations on April 1, 2006, Hitachi Plant Technologies will leverage the combined monozukuri (manufacturing), engineering and work-site capabilities of the Hitachi Group by bringing together the engineering, design and production, construction, service and other functions of the social and industrial infrastructure systems business, which includes industrial machinery, large-scale air-conditioning systems, water treatment systems, industrial plants, cranes and environmental facilities and systems.

A further announcement will be made concerning other top executive appointments and matters as soon as they are determined. 1. Biography of New President and Chief Executive Officer Masaharu Sumikawa 1. Date of Birth : July 2, 1943 2. Education March, 1972 : Ph.D. in Precision Machinery Engineering, Tokyo University 3. Business Experience October, 2004 : Executive Vice President and Executive Officer February, 2004 : Executive Officer June, 2003 : Senior Vice President and Executive Officer June, 2002 : Senior Executive Managing Director, President and Chief Executive Officer, Power Systems, Power & Industrial Systems Group February, 2002 : Senior Corporate Officer, President and Chief Executive Officer, Power & Industrial Systems Group June, 2001 : Senior Corporate Officer, Chief Executive Officer, Industrial Systems, Power & Industrial Systems Group April, 2001 : Chief Executive Officer, Industrial Systems, Power & Industrial Systems Group April, 1999 : General Manager, Thermal & Hydroelectric Systems Division, Power and Industrial Systems Group June, 1995 : Deputy General Manager, Hitachi Works April, 1972 : Joined Hitachi, Ltd. 2. Outline of Hitachi Plant Technologies, Ltd. Details ------------------ --------------------------------------------------- Company Name Hitachi Plant Technologies, Ltd. ------------------ --------------------------------------------------- Head Office 1-14, Uchikanda 1-chome, Chiyoda-ku, Tokyo ------------------ --------------------------------------------------- President Masaharu Sumikawa ------------------ --------------------------------------------------- Revenues FY06 (target) Approx. 350.0 billion yen (Consolidated) FY10 (target) Approx. 400.0 billion yen ------------------ --------------------------------------------------- Operating income FY06 (target) Approx. 11.4 billion yen (Consolidated) FY10 (target) Approx. 20.0 billion yen ------------------ --------------------------------------------------- No. of Employees Approx 7,500 (Consolidated) ------------------ --------------------------------------------------- Design, development, manufacturing, sales, service and construction of social and industrial Main Businesses infrastructure machine, mechatronics, air- conditioning system, industrial plant, power generation facilities ------------------ ---------------------------------------------------

About Hitachi, Ltd.

Hitachi, Ltd., (NYSE:HIT) (TOKYO:6501), headquartered in Tokyo, Japan, is a leading global electronics company with approximately 347,000 employees worldwide. Fiscal 2004 (ended March 31, 2005) consolidated sales totaled 9,027.0 billion yen ($84.4 billion). The company offers a wide range of systems, products and services in market sectors including information systems, electronic devices, power and industrial systems, consumer products, materials and financial services. For more information on Hitachi, please visit the company's website at http://www.hitachi.com.

About Hitachi Plant Engineering & Construction Co., Ltd.

Hitachi Plant Engineering & Construction Co., Ltd. (TOKYO:1970), headquartered in Tokyo, Japan, is a major general engineering and construction company with approximately 3,440 (consolidated) employees. Fiscal 2004 (ended March 31, 2005) consolidated sales totaled 199.0 billion yen ($1.8 billion). The company provides design, manufacturing and construction of air-conditioning, clean rooms, water treatment, dust collection systems, plants, industrial equipment, and power plants and substations, and others. For more information on Hitachi Plant, please visit the company's website at http://www.hitachiplant.hbi.ne.jp.

About Hitachi Kiden Kogyo, Ltd.

Hitachi Kiden Kogyo, Ltd., (TOKYO:6354), headquartered in Amagasaki, Japan, is a monozukuri (manufacturing) company with approximately 770 employees. Fiscal 2004 (ended March 31, 2005) consolidated sales totaled 25.5 billion yen. The company offers environmental devices, material handling systems, cranes and electrical systems from engineering to maintenance service, including sales, design, production and installation.

About Hitachi Industries Co., Ltd.

Hitachi Industries Co., Ltd., headquartered in Tokyo, Japan, is rolling out extensive businesses to offer industrial machinery, electronics products and engineering services in fields ranging from micro technologies to large-scale system technologies. Fiscal 2004 (ended March 31, 2005) sales totaled 91.8 billion yen. For more information on Hitachi Industries, please visit the company's website at http://www.hitachi-hic.com.

Source: Business Wire

More News in this Category