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Hitachi

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Hitachi is a diverse company involved in a wide range of industries. It manufactures home appliances, audio-visual products, computers, home equipment, information technology, security and electronic devices, transportation systems, and health care and industrial equipment.

Originally founded in 1910 as an electrical repair shop in Japan by Namihei Odaira, Hitachi has grown into a multi-national global leader in manufacturing technology.

With 2007 half-year revenues listed at US$45.9 billion, it is currently being traded on the New York Stock Exchange (under HIT) and in a number of Japanese markets (under 6501). [1]

The name Hitachi literally translated means "sunrise".

Contents

[edit] History

[edit] Establishing Hitachi

Hitachi founder Namihei Odaira (1874-1951) graduated with a degree in electrical engineering from Tokyo Imperial University in 1900. After a few years working in the mining industry he developed a five horsepower motor that would mark the beginning of his new company. However, since Odaira was still working within the confines of the mining industry he could not be the president of his own company. Instead, he acted as the managing director from 1910 to 1929, during which time Hitachi Ltd. became incorporated as an independent company.[2]

[edit] Developments, Expansion, and Joint Ventures

By 1915 Odaira had increased his little five hp motor to a 10,000 hp water turbine. About 10 years later, Hitachi constructed the first large-scale DC electric locomotive in Japan. Soon Hitachi was building refrigerators, electron microscopes, and the first cars for the Shinkansen bullet train.

In 1929 Odaira was finally made president, a position he held until 1947 when he was forced out by the U.S. occupation. He was reinstated in 1951, but died shortly thereafter.

Still, after Odaira's death, Hitachi continued to succeed and move in new directions. In October 1970 Hitachi Construction Machinery Co. Ltd. was established. In one year it was already developing advancements in the industry by manufacturing the world' s first fully hydraulic crawler crane. Five years later it developed the Earth Pressure Balance Shield Machine, which won the Japan Society for The Promotion of Machinery Industry Prize.[3]

Hitachi teamed with Deere & Co. in 1983 in the first of many global joint ventures. Together they produced a supply of hydraulic excavators. In the late '80s and early '90s, Hitachi moved into the production of wheel loaders, bulldozers, and road construction machinery.[4]

The 1990s saw a continuation of Hitachi's teambuilding. It joined with Samsung Heavy Industries Co. Ltd. to develop a series of crawler cranes, established Euclid-Hitachi Heavy Equipment Inc. in the US to release five models of hydraulic excavators, and created Hefei Hitachi Excavators Co. Ltd. in China to manufacture off-road dump trucks.[5]

Currently Hitachi Construction Machinery Co. Ltd.'s main product line is a variety of hydraulic excavators, but it also markets wheel loaders, off-road dump trucks, tunnel boring machines, and other products. It has manufacturing facilities in Europe, the U.S., and Asia, with head offices in Tokyo, Japan.[6]

[edit] The Company Today

Hitachi's current president is Kazuo Furukawa and the head office is based in Tokyo, Japan. It has major subsidiaries in North America, Europe, and Asia. It placed No. 48 in the 2007 Fortune 500 rankings and third amongst electronics companies. It employs over 384,000 people with 2006 revenues of US$87 billion.[7] It still remains expansive in its variety of involvement in many industries.

Hitachi received much acclaim in 2007 from the world of computer technology for its introduction of the world's first one-terabyte (TB) hard drive.

Its corporate vision is to "Inspire the Next" in hopes to remain evolutionary with its technology.[8]

[edit] Equipment List

[edit] References

  1. News. Hitachi. 2008-09-09.
  2. A Message from the Chairman. Hitachi. 2008-09-09.
  3. Profile History. Hitachi
  4. Profile History. 2008-09-09.
  5. Profile History. Hitachi. 2008-09-09.
  6. Profile History. 2008-09-09.
  7. Fortune. Money CNN. 2008-09-09.
  8. Products. Hitachi. 2008-09-09.

[edit] External Links