Hitachi Promotes ASEAN Business Strategy at Board of Directors Meeting in Singapore
2017年12月14日 - 12:39PM
JCN Newswire (英)
Hitachi, Ltd. (TSE:6501) announced today that it held its Board
of Directors Meeting in the Republic of Singapore where Hitachi's
headquarters for the ASEAN region is located. This is Hitachi's
first Board of Directors Meeting in the ASEAN region, and the fifth
outside of Japan. Under the 2018 Mid-term Management Plan, Hitachi
aims to become "an Innovation Partner for the IoT Era" by focusing
on expanding Social Innovation Business globally. Discussion at the
meeting centered on Hitachi's growth strategy from 2018 onwards and
includes means of harnessing the growth potential of the ASEAN
region, which is expected to drive the world economy in future.
In the ASEAN region, as momentum in the regional economy
accelerates with integration of the market through various
partnerships including the Trans-Pacific Partnership (TPP) and the
Regional Comprehensive Economic Partnership (RCEP), other various
plans for the region including strategies relating to
Infrastructure Export and Economic Corporation of the Japanese
government, and the One Belt, One Road initiative of the Chinese
government continue to raise growth expectations. In addition,
Singapore and Malaysia, aiming to take the lead in introducing
groundbreaking technologies and to forge ahead with nonstop
industry innovations, announced their adoption of a regulatory
sandbox. With a burgeoning market underpinned by a population of
over 600 million people and the most advanced expertise as
reflected in the wisdom of FinTech, ASEAN is a region brimming with
untapped potential.
ASEAN is a key region in Hitachi's global strategy. Since
establishing the Singapore office in 1963, Hitachi has engaged in a
wide range of enterprises and projects over the past 54 years.
During this period, businesses in the region has grown to
approximately 500 billion yen at present. In addition to receiving
orders for major projects in 2016 including the Red Line Mass
Transit System Project in Thailand, and the Proton Therapy System
for the National Cancer Centre Singapore, Hitachi has been playing
an active role in a wide range of social innovation projects to
realize a smart, peaceful, safe, and comfortable society in recent
years. Among these are an electricity distribution system which
incorporates a gas-blast load-break switch that contributes to
electric power network stability, elevators to support
urbanization, and security systems. In Vietnam, Hitachi
participated in a joint cashless settlement project and is
strengthening its approaches through cooperation with local
stakeholders, including an agreement to cooperate with the EEC
Development Policy Committee to establish an IoT engineering center
which will contribute to the Eastern Economic Corridor (EEC)
project in Thailand.
Bearing in mind this market environment, Hitachi's performance to
date and the application of Hitachi's IoT technology, the Board of
Directors discussed the ASEAN regional strategy focusing on the
following four core businesses: (1) urban infrastructure to
contribute to urban development, (2) digital infrastructure to
contribute to social stability by enhancing efficiency and
transparency of government administration, (3) enhancement of
manufacturing and logistics efficiency to realize an advanced
streamlined cross-border supply chain unique to the ASEAN region,
and (4) a service platform that will bring about QoL improvement in
people's lives by linking B-to-C companies with the aim of
expanding the customer base and the middle class which requires
high-quality services. Through its commitment to these core
businesses, Hitachi aims to expand business in the ASEAN region
from the current level of approximately 500 billion yen to 700
billion yen by 2021.
About Hitachi, Ltd.
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 2014 (ended March 31, 2015) totaled 9,761
billion yen ($81.3 billion). Hitachi is focusing more than ever on
the Social Innovation Business, which includes power &
infrastructure systems, information & telecommunication
systems, construction machinery, high functional materials &
components, automotive systems, healthcare and others. For more
information on Hitachi, please visit the company's website at
www.hitachi.com.
Source: Hitachi, Ltd.
Contact:
Hitachi Ltd
Corporate Communications
Tel: +81-3-3258-1111
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