Hitachi to move global Rail headquarters to UK: I am very surprised to read the news that India to buy Chinese railway coaches ..let us hope that we don’t buy lemons. Go for the best form Japanese JAPANESE engineering company Hitachi has announced that it is moving the global headquarters of its rail business from Japan to England. The present head of Hitachi Europe, Alistair Dormer, is to be promoted to global CEO for rail on 1 April. Hitachi intends to make Britain its base for entering the European rolling stock market, and trains for France and Germany may be assembled in County Durham in future, where Hitachi is currently building a plant for the British Intercity Express Programme. Trains assembled there are due to start entering service on the Great Western and East Coast Main Lines within the next three years or so. The company is evidently moving its HQ to London to step up its competitiveness against the established European train builders such as Bombardier and Siemens. Hitachi Rail has reported global turnover of 2 billion euros (£1.67 billion) but aims to increase that to 3 billion euros (£2.5 billion) in the next few years, while the job count is set to rise from 2,500 people now to 4,000 people in the next two and a half years Alistair Dormer said: Today’s announcement is a significant sign of intent by Hitachi to grow its business in the rail market and I am excited by the level of trust placed in me to lead our growing business in this next phase of expansion. Both the UK and Japan remain important as markets for Hitachi Rail, and with our train factory in the North East of England now under construction, we will work to realise our export potential from the UK, expanding into Europe and emergent markets. He will also lead a larger team. Hitachi Rail will deploy a global chief operating officer, a global chief strategy officer and other executives whose task will be to oversee and vigorously develop and advance global strategies for the rail systems business, the company said. IHitachi revealed that Kentaro Masai will be appointed president and CEO of Hitachi’s Rail Systems Company to serve as the global chief operating officer with responsibility for strengthening ties with the Japanese Government and Japanese customers. Shinya Mitsudomi, who is presently the chief strategy officer of Hitachis Rail Systems Company, will be appointed global CSO at the same time. These additional changes also take effect on 1 April. Mr Masai said: We will vigorously push ahead with global business development in the rail systems business, where growth is expected. We will do so by harnessing Hitachi’s advanced rail systems technology, developed mainly in Japan over the years, and by further strengthening coordination with networks formed through our overseas businesses. We will also work to expand the rail systems business by bolstering our domestic business base and steadily promoting new business development. Working together with the Global CEO and other executives, I am committed to growing Hitachi’s rail systems business into a globally competitive enterprise.
Posted on: Mon, 24 Mar 2014 22:32:30 +0000
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