6501.T

Hitachi Acquired Additional Shares to Hold Majority of Shares of Yungtay, Elevator Company Based in Taiwan

Thursday, October 15, 2020 - 9:41am

Price of shares acquired is 72.0 TWD (approximately 262 JPY(1)) per share, and approximately 3.0 billion TWD (approximately 10.8 billion JPY(1)) in total.

Key Points: 
  • Price of shares acquired is 72.0 TWD (approximately 262 JPY(1)) per share, and approximately 3.0 billion TWD (approximately 10.8 billion JPY(1)) in total.
  • Hitachi, together with its wholly-owned subsidiaries, owned 41.1% (167,933,671 shares) of all the issued shares excluding treasury shares before the acquisition and increased its share holding up to 51.1% (209,013,671 shares), majority of all the issued shares through the transaction this time.
  • Yungtay was founded in 1966 and is the largest company in the elevator and escalator business in Taiwan region.
  • Hitachi has been continuously acquiring shares of Yungtay after acquiring 28% (114,409,932 shares) of all the issued shares excluding treasury shares through its Public Tender Offer in 2019.

Hitachi ABB Power Grids Wins $6.6 Million Projects to Digitalize High-Speed Rail in the UK

Wednesday, October 14, 2020 - 9:48am

UK Power Networks Services is responsible for all traction and non-traction power assets on this 109km rail line connecting the United Kingdom with mainland Europe.

Key Points: 
  • UK Power Networks Services is responsible for all traction and non-traction power assets on this 109km rail line connecting the United Kingdom with mainland Europe.
  • This agreement includes three feeder stations equipped with Hitachi ABB Power Grids 33kV Static VAR Compensators (SVC), designed to specifically address UK Power Network Services unique needs.
  • In addition to this contract, UK Power Networks Services is also working with Hitachi ABB Power Grids to enhance the trackside data collection system and replace traction power SCADA systems on the HS1 line.
  • About Hitachi ABB Power Grids Ltd.
    Hitachi ABB Power Grids is global technology leader with a combined heritage of almost 250 years, employing around 36,000 people in 90 countries.

Hitachi ABB Power Grids and Tensio TN AS to deliver Norway's First Fully Digital, Eco-efficient Substation

Tuesday, October 13, 2020 - 8:25am

ZURICH, SWITZERLAND, Oct 13, 2020 - (JCN Newswire) - Hitachi ABB Power Grids is collaborating with the Norwegian power grid operator Tensio TN AS on the delivery of a new, eco-efficient, digital, 145 kV substation at Suttero.

Key Points: 
  • ZURICH, SWITZERLAND, Oct 13, 2020 - (JCN Newswire) - Hitachi ABB Power Grids is collaborating with the Norwegian power grid operator Tensio TN AS on the delivery of a new, eco-efficient, digital, 145 kV substation at Suttero.
  • This innovation is in line with Hitachi ABB Power Grids' commitment to work with alternative eco-efficient gasses to reduce carbon footprint.
  • About Hitachi ABB Power Grids Ltd.
    Hitachi ABB Power Grids is a global technology leader with a combined heritage of almost 250 years, employing around 36,000 people in 90 countries.
  • With a proven track record, global footprint, and unparalleled installed base, Hitachi ABB Power Grids balances social, environmental, and economic values.

Hitachi Exhibits in the "CEATEC 2020 ONLINE"

Friday, October 9, 2020 - 5:36am

TOKYO, Oct 9, 2020 - (JCN Newswire) - Hitachi, Ltd. (TSE: 6501) today announced that it will exhibit in the CPS (1)/IoT (2) Exhibition "CEATEC 2020 ONLINE" (CEATEC) to be held online for four days from October 20 to 23.

Key Points: 
  • TOKYO, Oct 9, 2020 - (JCN Newswire) - Hitachi, Ltd. (TSE: 6501) today announced that it will exhibit in the CPS (1)/IoT (2) Exhibition "CEATEC 2020 ONLINE" (CEATEC) to be held online for four days from October 20 to 23.
  • Under the key message of "Hitachi Social Innovation is POWERING GOOD," Hitachi focuses all of its energies on working with customers and partners in the Social Innovation Business to realize GOOD things that people around the world dream of.
  • The company's consolidated revenues for fiscal year 2019 (ended March 31, 2020) totaled 8,767.2 billion yen ($80.4 billion), and it employed approximately 301,000 people worldwide.
  • For more information on Hitachi, please visit the company's website at https://www.hitachi.com.

Hitachi ABB Power Grids India wins INR 100 crore order from HPCL Rajasthan Refinery Limited

Thursday, October 8, 2020 - 11:01am

BANGALORE, INDIA, Oct 8, 2020 - (JCN Newswire) - Hitachi ABB Power Grids listed on the Indian stock exchanges as "ABB Power Products and Systems India Ltd." has won a project worth more than INR 100 crore from HPCL Rajasthan Refinery Limited (HRRL), a joint venture between state-run Hindustan Petroleum Corporation Limited and the Government of Rajasthan.

Key Points: 
  • BANGALORE, INDIA, Oct 8, 2020 - (JCN Newswire) - Hitachi ABB Power Grids listed on the Indian stock exchanges as "ABB Power Products and Systems India Ltd." has won a project worth more than INR 100 crore from HPCL Rajasthan Refinery Limited (HRRL), a joint venture between state-run Hindustan Petroleum Corporation Limited and the Government of Rajasthan.
  • Hitachi ABB Power Grids is delivering a 220/66-kilovolt (kV) substation to assimilate power from the state grid and deliver it smoothly and efficiently to the Barmer refinery.
  • About Hitachi ABB Power Grids Ltd.
    Hitachi ABB Power Grids is global technology leader with a combined heritage of almost 250 years, employing around 36,000 people in 90 countries.
  • https://www.hitachiabb-powergrids.com
    Hitachi ABB Power Grids India operates under the legal entity name ABB Power Products and Systems India Limited and is listed on the National Stock Exchange of India Limited (NSE) and BSE Limited (BSE) as POWERINDIA, Scrip code 543187.

Hitachi Automotive Systems Stereo Camera with Nighttime Pedestrian Detection Adopted by Suzuki for their "Spacia" Series with Enhanced Safety Devices

Monday, October 5, 2020 - 3:51am

TOKYO, Oct 5, 2020 - (JCN Newswire) - Hitachi Automotive Systems, Ltd. today announced that its stereo camera, with nighttime pedestrian detection features, has been adopted by Suzuki Motor Corporation for their "Spacia" series.

Key Points: 
  • TOKYO, Oct 5, 2020 - (JCN Newswire) - Hitachi Automotive Systems, Ltd. today announced that its stereo camera, with nighttime pedestrian detection features, has been adopted by Suzuki Motor Corporation for their "Spacia" series.
  • Vehicular safety has been improving with the increased adoption of advanced safety technologies, such as advanced emergency braking systems (AEBS) and pedestrian detection and protection systems.
  • These features are supported by Hitachi Automotive Systems' stereo camera with nighttime pedestrian detection.
  • Hitachi Automotive Systems supports such safety support vehicles with advanced ADAS technologies and will continue to contribute to the prevention of traffic accidents.

Poland's Largest Hybrid Battery Energy Storage System Commence Full-scale Technology Demonstration

Friday, October 2, 2020 - 10:20am

This hybrid BESS is Poland's largest-scale battery energy storage system, which combines high-output lithium-ion batteries with high-capacity lead-acid storage batteries, a combination to obtain high performance at low cost.

Key Points: 
  • This hybrid BESS is Poland's largest-scale battery energy storage system, which combines high-output lithium-ion batteries with high-capacity lead-acid storage batteries, a combination to obtain high performance at low cost.
  • These efforts led to the start of the demonstration operation of the SPS, a power grid protection system, on October 1, 20192.
  • Subsequently, NEDO, the above mentioned contractors, and the cooperating companies also completed the installation of the hybrid battery energy storage system (BESS) at the Bystra Wind Farm in northern Poland and commenced full-scale demonstration operation on Sep. 25.
  • The system is the largest-scale storage battery system in Poland, offering a high level of performance at low cost.