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.
