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Hitachi, Ltd.

Transmashholding (TMH) and Hitachi are starting a joint venture for production of passenger vehicle towlines in Russia. The JV will operate on the premises of Metrovagonmash (part of TMH). The registered capital of the enterprise will amount to RUB 375 mln, TMH will receive 51% and the Japanese partner will have 49%. TMH has already a JV for towline production that was launched in 2013 with Alstom in Novocherkassk. It produces asynchronous towlines and steering systems for Russian and Kazakhstan electric locomotives.

22 May 2018
Kommersant
Investor
Tver Region

Investor profile

Hitachi, Ltd.

Japan

Company's website: http://www.hitachi.com

T: +81-3-3258-1111

Public Company

E-mail: ir.info.hq@hitachi.com

Contact: Toshiaki Higashihara, Director General

Hitachi LTD. is a parent company for all companies and divisions comprising the Hitachi financial and industrial group. The head office of Hitachi is located in the capital of Japan, Tokyo. Having started its operation in the beginning of the XX century from production of a small batch of electric engines, the first ones in Japan, Hitachi gained recognition and then a global success and currently is a leading world manufacturer in the field of information technology equipment and among producers of domestic appliances and devices. The total annual sales volume of the company exceeds now ¥10,247 bln. The company is engaged in development and production of over 20,000 product items including computers, multimedia projectors, interactive starboards, domestic appliances, power and industrial equipment, information systems as well as developments in the field of new contemporary materials. Hitachi employs over 380,000 persons and manages 943 subsidiaries, of which over a quarter are abroad.

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