Hitachi has announced it will invest heavily to accelerate collaborative creation with its Australian partners across several industries, including rail.
In June this year, Hitachi established a new R&D division in Sydney, Australia, with its core focus to create new business opportunities by promoting collaborative creation to Hitachi’s Australian partners.
The Japanese multinational says a $1.25 billion investment in its Australian Social Innovation business with the aim of tripling its FY15 revenue in Australia to reach $3.75 billion by FY20.
Hitachi plans to multiply its revenue by focusing on the growth of its mining, railway system, healthcare, security, and agriculture businesses.
During a speech on December 1 in Sydney, Hitachi president and chief executive Toshiaki Higashihara said Hitachi will contribute to resolving issues faced by Australian society, and will improve Australians’ quality of life, through social innovation and leveraging digital technologies.
Higashihara said urbanisation was a critical social issues faced in Australia, saying Australia is experiencing problems such as inadequate transportation infrastructure and chronic traffic congestion.
“Hitachi’s railway business is perfectly positioned to contribute to greater safety, flexibility, and efficiency in Australian transportation by collaborating with its partners to address their challenges,” a statement from the company said.
“It is able to provide all train related technology, including traction systems, signal systems, and transport management systems in liaison with Ansaldo S.p.A., and Ansaldo STS S.p.A, which Hitachi acquired in 2015 to further expand the global footprint of its railway business.”