Hitachi Metals, Ltd

Hitachi Metals, Ltd Overview

Company Headquarters: Tokyo, Japan

Founded: 1956

Workforce: ~30,004

Company Working: Hitachi Metals, Ltd manufactures advanced metals products, components, and materials. The company operates through three segments, namely, automotive-related products, infrastructure-related products, and electronics-related products. Under the automotive-related products segment, the company offers EV-related products, engines and exhaust system components, chassis-related components, electric and electronic components, and casting components for automobiles. Under the infrastructure-related products segment, the company offers materials for aircraft components, power generating equipment-related components, rolling stock-related components, industrial equipment, industrial cables, piping equipment, and telecommunication infrastructure components. The electronics-related products segment covers medical and analytical equipment, battery-related components, magnets and motor-related products, electromagnetic compatibility and noise reduction, LCD and semiconductor package components, electronic wire & cables, copier printing systems, and equipment materials (chemical, semiconductor, and medical). It has six R&D facilities in several cities across Japan and several sales bases across the globe.

Furthermore, Hitachi has developed recycling technology for rare earth metals. The company has developed machinery to separate and collect rare earth magnets from end-of-life products and extract rare earth from rare earth magnets using a dry process.

Strategy

Hitachi Metals, Ltd aims to become a “trillion-yen company” in terms of size and synergy. It is focusing on restructuring its businesses, including magnetic materials, specialty steel & cable materials, and investing heavily in mergers & acquisitions to hold a maximum share of the global market. Furthermore, the company strategizes to become a development-driven company, for which it is increasingly investing in research & development, expanding the growth areas, and designing newer technology for advanced components and materials. Recently, the company has increased the production capacity of its production sites situated in Thailand and Vietnam.

Company Snapshot

$79,256.1M

Revenue

30,004

Employees

1956

Founded

Tokyo, Japan

Headquarters

SWOT Analysis

Strengths

Strong product portfolio
Vast domestic presence
Strong distribution network
Global Presence

Weaknesses

Dependence on third party suppliers for maintenance services
Extra cost of building a new supply chain and logistics network

Opportunities

Scope to partner with leading players in the market to enhance its product portfolio
The adoption of new technology standards and government regulations to enter a new emerging market

Threats

High competition from local and established players
Fluctuating raw material prices
High competition from global players

Product Offering

Hitachi Metals, Ltd
- MOLDINO
- Rare Earth Metals

Financial Performance

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