Hitachi, Ltd. is a Japanese multinational conglomerate firm headquartered in Chiyoda, Tokyo. In this article Technozive will answer many questions like Hitachi Company Belongs To Which Country? Is Hitachi made in China? Who Is Hitachi owned by?
It is the parent company of the Hitachi Group and was once a component of the Nissan zaibatsu, DKB Group, and Fuyo Group before DKB and Fuji Bank (the primary Fuyo Group entity) amalgamated into the Mizuho Financial Group. By 2020, Hitachi will be a global leader in IT, encompassing artificial intelligence, the Internet of Things, and big data, as well as infrastructure.
Hitachi is a component of the Nikkei 225 and TOPIX Core30 indexes, and its Tokyo listing is a constituent of the Nikkei 225 and TOPIX Core30 indices. It was placed 38th in the Fortune Global 500 for 2012 and 129th in the Forbes Global 2000 for 2012.
Hitachi Company Belongs To Which Country?
Hitachi Company Belongs To Japan
Hitachi, Ltd., with headquarters in Tokyo, Japan, develops solutions to society’s problems. The Hitachi Group, with about 335,000 workers globally, is a global leader in the Social Innovation Business. Hitachi provides solutions to clients in a wide variety of industries, including Power / Energy, Industry / Distribution / Water, Urban Development, and Finance / Government & Public / Healthcare, via collaborative development.
Is Hitachi an Indian brand?
Hitachi, based in Chiyoda, Tokyo, Japan, is a Japanese multinational conglomerate firm.
India is undergoing a fast change that is giving its inhabitants more power than they have ever had before. Hitachi India has been a strong supporter of India’s long-term development. Hitachi Social Innovation Business in India is leading the digital transformation of the country’s core sectors, including mobility, payments, manufacturing and construction, agriculture, and healthcare, among others, with innovative technological solutions and globally recognized expertise in OT x IT solutions.
Hitachi India is Powering Good and improving the lives of millions of citizens every day by placing the citizen at the heart of this transformation. We seek to improve the nation’s Social, Environmental, and Economic values by developing a resilient and sustainable India, with an emphasis on Connected Citizen Eco-System solutions.
Who owns Hitachi India?
Bharat Kaushal has been named managing director of Hitachi India. Kaushal will lead Hitachi India’s operations for the first time. He takes over from Kojin Nakakita, who was promoted to chairman of Hitachi India and Hitachi Asia. The new appointment will begin on June 1st, 2017.
Kaushal will lead Hitachi India’s operations for the first time. He takes over from Kojin Nakakita, who was promoted to chairman of Hitachi India and Hitachi Asia. The new appointment will begin on June 1st, 2017.
Kaushal is presently the chairman of Sumitomo Mitsui Banking Corporation in India (SMBC). He was the first non-Japanese to be named CEO of SMBC India, serving in the position from 2012 to 2015.
Where Is Hitachi Manufactured? Is Hitachi made in China?
Hitachi Manufacture Its Products in Japan the Workshops includes Tsuchiura Works, Kasumigaura Works, Hitachinaka Works, Hitachinaka-Rinko Works
HCM’s construction machinery is produced using a fully integrated, comprehensive manufacturing system centered on the Tsuchiura Works in Ibaraki Prefecture, near Tsukuba.
Construction machinery manufactured in Japan and other countries is used in a variety of fields, including residential and commercial construction, plant construction, urban development, infrastructure maintenance, and mining resources, such as coal and minerals, as well as the modernization of telecommunications and transportation networks and the creation of more green and environmentally friendly living environments.
Who Is The Owner Of Hitachi?
Hitachi, Ltd. (Kabushiki Kaisha Hitachi Seisakusho) Is The Owner Of Hitachi
Who Is The Founder Of Hitachi?
Namihei Odaira Is The Founder Of Hitachi
Namihei Odaira, a Japanese entrepreneur and philanthropist who established Hitachi, was born on January 15, 1874, and died on October 5, 1951.
He was born in Tochigi Prefecture, Japan, roughly 100 kilometers south of Tokyo.
He graduated from Tokyo Imperial University’s electrical engineering department in 1900. Following graduation, he worked as an engineer at a mining company’s power plant. He then moved on to work for several electric power firms. He began working for the Kuhara Mining Company as an engineering department chief at the Hitachi copper mine in 1906.
Even though his primary responsibilities at the mine were ensuring a steady supply of energy and maintaining the mine’s electrical equipment, he and his colleagues began developing a five-horsepower electric motor. This was the start of what would eventually become Hitachi, which was created by Odaira in 1910.
However, because Hitachi began as an internal venture of the Kuhara Mining Company, Fusanosuke Kuhara, the mining company’s president, rather than Odaira, was the company’s owner. Hitachi Ltd. was founded in 1920 as a stand-alone business. From 1910 until 1929, Odaira was the managing director of Hitachi, and from 1929 to 1947, he was the president. The US occupation authorities ordered Odaira out of this job in 1947. This order was removed in 1951, and he returned as chairman emeritus to the firm. He died on October 5, 1951, at the age of 77, almost immediately after his return.
What Products Does Hitachi Make?
Hitachi Automotive Systems Americas Offices, Farmington Hills, Michigan
Car Information Systems
Electric Powertrain Systems
Engine Management Systems
A Hitachi hydraulic excavator in use
Mechanical & Hydraulic Cranes
Mining Dump Trucks
Crawler Dump trucks
Satellite image processing systems
Social Infrastructure security business (in coordination with Hitachi’s Infrastructure Systems Group)
Electric propulsion technology
Electro-mechanical systems (including some robotics research & development)
Advanced Combat Infantry Equipment System [ACIES] (JSDF) – Primary contractor
JGSDF Type 87 Artillery Support Vehicle
JGSDF Type 92 Mine Clearance Vehicle
JGSDF Type 96 120 mm self-propelled mortar
JGSDF Type 99 Artillery Support Vehicle
Digital media and consumer products
2008 Hitachi air conditioning outdoor unit
The Magic Wand vibrating massager
Air conditioning equipment – jointly with Johnson Controls
Hitachi Magic Wand
Optical disc drives – jointly with optical disc drive division of LG as Hitachi-LG Data Storage
White goods (refrigerators, washing machines, etc.) – majority stake of ex-Japan business sold to Arcelik.
Electronic systems and equipment
Test and measurement equipment
Particle therapy equipment
Cell culture equipment
Wires and cables
Information and telecommunication systems
The Hitachi factory in Toyokawa, Japan
Disk array subsystems
Data storage and analytics solutions Virtual Storage Platform
Internet of ThingsHitachi Lumada
Mainframe computer operating system
Nuclear and hydrogen power generation systems
Social infrastructure and industrial systems
Hitachi’s G1TOWER, currently the world’s tallest elevator research tower, located at Hitachinaka, Ibaraki
Industrial machinery and plants
Railway vehicles and systems Hitachi A-train
|Company Name||Hitachi, Ltd|
|Founded||1908; 113 years ago|
Hitachi, Ibaraki, Japan
|Headquarters||Marunouchi, Chiyoda-ku, Tokyo, Japan|
|Products||ElectronicsIndustrial machineryPower plantsInformation systemMaterialsAuto partsRolling stockElevator & EscalatorDefense technologyHeavy equipmentSupercomputers,Semiconductor manufacturing equipment|
History Of Hitachi
Namihei Odaira, an electrical engineer, created Hitachi in Ibaraki Prefecture in 1910. The company’s first product was the world’s first 4-kilowatt (5-hp) induction motor, which was originally designed for copper mining.
In Hitachi, Ibaraki, the firm began as an internal venture of Fusanosuke Kuhara’s mining company. In 1918, Odaira relocated its headquarters to Tokyo. Odaira came up with the company’s toponymic name by combining two kanji characters: hi, which means “sun,” and tachi, which means “rising.”
Many of the company’s plants were damaged by Allied bombing attacks during World War II, and there was conflict after the war. Hitachi Zosen Corporation was split out after founder Odaira was dismissed from the business. A worker strike in 1950 hampered Hitachi’s post-war reconstruction operations. Hitachi, on the other hand, went public in 1949.
In 1959, Hitachi America, Ltd. was founded.
In 1975, the Soviet Union began manufacturing air conditioners. The Baku plant was built with the license of Hitachi, a Japanese firm. Air conditioner manufacturing in the USSR was limited, at around 500,000 units per year. Air conditioners, on the other hand, were a source of tremendous pride. The majority of the products were window air conditioners. The vast majority of the output was exported.
In 1982, Hitachi Europe, Ltd. was founded.
Hitachi lost US$12.5 billion between 2006 and 2010, the greatest business loss in Japanese history. Hitachi was forced to reorganize and sell several divisions and companies as a result of this, a process that is scheduled to be completed in 2021.
Hitachi decided to sell its hard disc drive division, HGST, to Western Digital for US$4.3 billion in cash and stock in March 2011. The EU Commission and the Federal Trade Commission were concerned about a duopoly of WD and Seagate Technology, therefore Hitachi’s 3.5″ HDD division was sold to Toshiba. In March of 2012, the deal was finalized.
Hitachi started in January 2012 that it will discontinue making televisions in Japan. Hitachi started in September 2012 that it has developed a long-term data solution made of quartz glass that could store data for millions of years. Hitachi agreed to buy Horizon Nuclear Power, a UK-based nuclear energy business with ambitions to build up to six nuclear power stations in the UK, from E.ON and RWE for £700 million in October 2012.
Hitachi and Mitsubishi Heavy Industries agreed in November 2012 to combine their thermal power generating operations into a joint venture with Mitsubishi Heavy Industries owning 65 percent and Hitachi owning 35 percent. Mitsubishi Hitachi Power Systems (MHPS) is a joint venture that started operations in February 2014.
Hitachi and Johnson Controls agreed to create a joint venture to take over Hitachi’s HVAC division in October 2015. Hitachi retained a 40% interest in Johnson Controls-Hitachi Air Conditioning, the resultant firm. Hitachi started in May 2016 that it will invest $2.8 billion in its IoT initiatives.
Hitachi’s nuclear industry became unprofitable after the Fukushima Daiichi nuclear accident in 2011 and the extended temporary closure of most Japanese nuclear reactors, and Hitachi CEO Toshiaki Higashihara stated in 2016 that Japan should explore merging the many rival nuclear firms. Hitachi is writing down a SILEX technology laser uranium enrichment joint venture with General Electric for an estimated $65 billion in 2016.
Hitachi and Honda established a collaboration in February 2017 to research, manufacture, and market electric car motors. In 2017, the private equity company KKR acquired Hitachi Kokusai’s (a Hitachi subsidiary) semiconductor equipment branch, renaming it Kokusai Electric. Applied Materials stated in 2019 that it will buy Kokusai Electric for US$2.2 billion from KKR.
Hitachi discontinued selling televisions in Japan in 2018 when its market share fell to 1%, choosing instead to sell Sony televisions through its existing dealer network.
Zoomdata established cooperation with Hitachi INS Software on March 14, 2018, to assist expand the big data analytics sector in Japan.
Hitachi Ltd. announced in December 2018 that it will buy ABB Ltd.’s power grid division for $6.4 billion and rename it Hitachi-ABB Power Grids.
Through restructuring and sell-offs, Hitachi decreased the number of its listed group businesses and consolidated subsidiaries in Japan from 22 to 4 and roughly 400 to 202, respectively, from 2008 to 2018. Shortly, it intends to become a firm specializing in IT and infrastructure maintenance.
Hitachi sold its medical imaging division to Fujifilm for $1.7 billion in 2019. Hitachi Chemical was purchased by Showa Denko for US$42.97 per share from Hitachi and other stockholders. Hitachi Chemical has formerly been regarded as the group’s primary unit. Hitachi also halted the development of the ABWR by its British subsidiary Horizon Nuclear Power, citing a lack of “economic rationale as a private company” as a reason for the halt.
Honda and Hitachi began discussions in October 2019 to merge their four automobile components companies, Showa, Nissin, and Keihin of the former and Hitachi Automotive Systems of the latter, leading to the formation of Hitachi Astemo, which will be incorporated in January 2021.
Hitachi canceled plans to build nuclear power stations in Gloucestershire and Wales in September 2020 owing to financial problems brought on by COVID-19. In the same month, Hitachi Capital agreed to be purchased by Mitsubishi UFJ Lease, its second-largest shareholder, business partner, and erstwhile rival, who had invested in the Hitachi subsidiary in 2016.
According to the reorganization plan, Hitachi Metals and Hitachi Construction Machinery, two of the final remaining listed companies, would likely be separated from the group in November 2020. Hitachi sold a 60 percent share in its international home appliance business to Turkish Arcelik for $300 million in December.