Hitachi Expands Elevator & Escalator Business in Vietnam. Hitachi establishes 100% owned subsidiary for sales and services in Vietnam
In Vietnam, the demands of urban railway systems, hotels, office buildings and residential buildings have been increasing due to recent rapid growth of urban population. As a result, the demand for elevators and escalators that enable smooth transfer in these buildings is also expected to rise over 7% of annual growth rate.
Hitachi received an order for 32 sets of elevators and 31 sets of escalators in 2015 for elevated station buildings of Urban Railway Line 1 in Ho Chi Minh City, which is the first urban railway system in Vietnam. Following this, the company has begun sales of a new machine-room-less elevator for Asia and the Middle East, which has been gradually released since September 2016. Hitachi, with this model, will enhance its market share of elevators and escalators in Vietnam.
Hitachi, with newly established Hitachi Elevator Vietnam, will provide high quality services to customers in Vietnam. The company expects to make a great contribution to the economic growth of the country by offering safe and comfortable living environments.
About Hitachi, Ltd.
Hitachi, Ltd. (TSE: 6501), headquartered in Tokyo, Japan, delivers innovations that answer society's challenges with our talented team and proven experience in global markets. The company's consolidated revenues for fiscal 2014 (ended March 31, 2015) totaled 9,761 billion yen ($81.3 billion). Hitachi is focusing more than ever on the Social Innovation Business, which includes power & infrastructure systems, information & telecommunication systems, construction machinery, high functional materials & components, automotive systems, healthcare and others. For more information on Hitachi, please visit the company's website at www.hitachi.com.
Source: Hitachi, Ltd.
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