Hitachi Ltd. announced July 25 plans to further strengthen its business operations in Brazil, centered on its Social Innovation Business.
Hitachi aims to expand consolidated revenues in Brazil to $1.5 billion (117.28 billion yen) in fiscal 2015, the year ending March 31, 2016. This would quadruple consolidated revenues recorded in fiscal 2011.
In addition to strengthening its Social Innovation Business, which centers on railway systems, power systems, information and telecommunication systems and social infrastructure systems, Hitachi will increase its sales capabilities in air-conditioning equipment, digital terrestrial broadcasting equipment, construction machinery and other businesses.
It will also establish a local production system, collaborate with local partners and take other actions to expand its business and operations in Brazil. Hitachi will invest $300 million to strengthen its businesses in Brazil by fiscal 2015.
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