Appointment of President and Name for New Integrated Company to Run Hitachi Group's Social and Industrial Infrastructure Systems Business.TOKYO -- Hitachi Hitachi (hētä`chē), city (1990 pop. 202,141), Ibaraki prefecture, E central Honshu, Japan, on the Kashima Sea. The city is a leading producer of Japan's electrical equipment. Executive Vice President Masaharu Sumikawa Appointed ap·point tr.v. ap·point·ed, ap·point·ing, ap·points 1. To select or designate to fill an office or a position: appointed her the chief operating officer of the company. 2. President of Hitachi Plant Technologies, Ltd. Hitachi, Ltd. (NYSE NYSE See: New York Stock Exchange :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 Re`name´ v. t. 1. To give a new name to. Verb 1. rename - assign a new name to; "Many streets in the former East Germany were renamed in 1990" 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 Hitachi Group (Hitachi Gurupu) is a group of companies that uses the Hitachi name, which includes Hitachi Ltd. Hitachi Heavy Industries, etc. See also
adj. 1. Large in scope or extent. 2. Drawn or made large to show detail. large-scale Adjective 1. wide-ranging or extensive 2. air-conditioning air-conditioning Control of temperature, humidity, purity, and motion of air in an enclosed space, independent of outside conditions. In a self-contained air-conditioning unit, air is heated in a boiler unit or cooled by being blown across a refrigerant-filled coil and then 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
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Company Name Hitachi Plant Technologies, Ltd.
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Head Office 1-14, Uchikanda 1-chome, Chiyoda-ku, Tokyo
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President Masaharu Sumikawa
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Revenues FY06 (target) Approx. 350.0 billion yen
(Consolidated) FY10 (target) Approx. 400.0 billion yen
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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
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About Hitachi, Ltd. Hitachi, Ltd., (NYSE:HIT) (TOKYO:6501), headquartered in Tokyo, Japan, is a leading global electronics company with approximately ap·prox·i·mate adj. 1. Almost exact or correct: the approximate time of the accident. 2. 347,000 employees worldwide. Fiscal 2004 (ended March 31, 2005) consolidated con·sol·i·date v. con·sol·i·dat·ed, con·sol·i·dat·ing, con·sol·i·dates v.tr. 1. To unite into one system or whole; combine: 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 The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. . 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 Amagasaki (ä`mägäsä`kē), city (1990 pop. 498,999), Hyogo prefecture, S Honshu, Japan, a port on Osaka Bay. An important industrial center, with iron and steel factories, chemical plants, and textile mills, it lies on the banks , 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. |
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