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21/03/2014
Japanese Firm Move Rail Business To The UK
The Japanese electronics firm Hitachi is to move its global rail business from Japan to the United Kingdom.
The move is expected to help expand its rail business from 2,500 to 4,000 workers and raise its income from €2bn to €3bn.
The firm won a £1.2bn deal in July to make the next generation of inter-city trains in Newton Aycliffe, County Durham where it is building the new factory.
The move will employ 750 workers when it opens next year.
Chief executive of Hitachi Alistair Dormer said: "Both the UK and Japan remain important as markets for Hitachi Rail, and with our train factory in the north-east of England now under construction, we will work to realise our export potential from the UK, expanding into Europe and emergent markets."
(CVS/CD)
The move is expected to help expand its rail business from 2,500 to 4,000 workers and raise its income from €2bn to €3bn.
The firm won a £1.2bn deal in July to make the next generation of inter-city trains in Newton Aycliffe, County Durham where it is building the new factory.
The move will employ 750 workers when it opens next year.
Chief executive of Hitachi Alistair Dormer said: "Both the UK and Japan remain important as markets for Hitachi Rail, and with our train factory in the north-east of England now under construction, we will work to realise our export potential from the UK, expanding into Europe and emergent markets."
(CVS/CD)
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