01 December 2012

Hitachi Established Branch in Yangon, Myanmar

Singapore - 26 November 2012 - Hitachi Asia Ltd. today announced that it has established the Yangon Branch of Hitachi Asia (Thailand) Co., Ltd. in the city of Yangon, Republic of the Union of Myanmar. The Yangon Branch commences operations today. 

Myanmar, a country blessed with abundant natural resources, enjoys geographic advantages due to its close proximity to China and India, as well as its fellow ASEAN member states. Home to a population of about 62 million, the country also offers good prospects as a consumer market. With high expectations for strong economic growth, companies from various countries around the world are planning to enter the Myanmar market. Against this backdrop, the country has been making progress in the development of various forms of infrastructure. 

Hitachi has long contributed to the development of social infrastructure in Myanmar. Notably, the company has supplied power generation equipment to local power plants since the 1950s. 

In order to strengthen its ability to gather information locally and conduct local market research, Hitachi established the Yangon Branch. The Hitachi Group will continue to explore potential business opportunities for the ‘Social Innovation Business' that it is promoting globally, while at the same time, assist in contributing to the sustainable growth of Myanmar. 

Hitachi Asia Ltd., a subsidiary of Hitachi, Ltd., established in Singapore in 1989, operates across six Asian countries (Indonesia, Malaysia, Philippines, Singapore, Thailand, and Vietnam). Business includes information systems, power and industrial systems, digital media systems, and international procurement. 

Hitachi, Ltd. (TSE: 6501), headquartered in Tokyo, Japan, is a leading global electronics company with approximately 320,000 employees worldwide. Fiscal 2011 (ended March 31, 2012) consolidated revenues totalled 9,665 billion yen ($117.8 billion). 

Source: Hitachi