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Hitachi to Establish Hitachi Automation to Reinforce Robotic SI Business in Japan and ASEAN Countries
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Specifically, the robotic SI business involving assembly and conveyor lines for all kinds of manufacturers will be transferred from Hitachi Industrial Equipment Systems, a Hitachi subsidiary to KEC Corporation ("KEC"), a Hitachi Industrial Equipment Systems subsidiary handling robotic SI business mainly in the automobile industry through a company split, while transferring shares of KEC's stock from Hitachi Industrial Equipment Systems to Hitachi's Industry & Distribution Business Unit and changing the tradename at the same time.
For the past few years, Hitachi's Industry Sector has been reinforcing the robotic SI business through Hitachi Industrial Equipment Systems' acquisition of KEC(2) and Hitachi's Industry & Distribution Business Unit's acquisition of JR Automation(3) and Kyoto Robotics Corporation ("Kyoto Robotics").(4) Now by integrating the robotic SI business into Hitachi's Industry & Distribution Business Unit through this reorganization, Hitachi will provide solutions fused with digital technologies while expanding its ability to provide full turnkey solutions in collaboration with JR Automation. Under the new structure, it will contribute to increasing the value of the customer's business by providing one-stop solution with OT(5) centered on robotic SI and IT.
Moreover, the Hitachi Group aims to be a global leader in the robotic SI business based on JR Automation which is developing business mainly in North America and Europe, Hitachi Automation and Kyoto Robotics which will be developing business in Japan and ASEAN countries.
Background
In manufacturing fields in recent years, there has been rapidly growing demand for the automation of workplaces using robots reflecting labor shortage due to the declining birthrate, the aging population, the decrease of the working-age population, and the COVID-19 pandemic. In response to the rapidly changing markets, there has also been an acceleration of digital transformation (DX) leveraging advanced technologies with the goal of creating new value.
Business strategies of the Hitachi's Industry Sector
The basic policy of the Hitachi's Industry Sector is to globally develop "Total Seamless Solutions" that solve "boundary" issues that exist between management, workplaces and supply chain to create new value for businesses leveraging Lumada(6) and Hitachi's combination of OT, IT and products.
At the same time, the need for automation using robots in workplaces is increasing. The field of robotic SI, which involves a massive amount of data, is playing a central role in connecting management and workplaces to achieve overall optimization. In this environment, through the acquisition of KEC and U.S.-based JR Automation in 2019, and the acquisition of Kyoto Robotics in 2021, Hitachi is globally expanding and strengthening its capabilities in the robotic SI field.
With the goal of increasing its competitiveness in the robotic SI business in Japan and ASEAN countries, Hitachi has decided to integrate its robotic SI business resources into Hitachi Automation.
Objectives of the establishment of Hitachi Automation
KEC has developed the robotic SI business for automobiles and other manufacturing workplaces mainly for Japanese companies in Japan, South Korea, China, the U.S. and India since its foundation in 1981. It has proprietary knowledge of robotic SI technologies, especially in welding processes. Hitachi Industrial Equipment Systems develops the robotic SI business centering on assembly and conveyor processes in a wide range of business categories leveraging its control technologies, such as connected products.
By achieving the following objectives of this business reorganization and integration, the Hitachi Group aims to be a global leader in the robotic SI business through this reinforcement and expansion of the business:
1. Integrate resources including the robotic SI technical capabilities, expertise and customer bases of KEC and Hitachi Industrial Equipment Systems and reinforce the foundation of the business by expanding their front engineering functions.
2. Expand Hitachi Automation's capabilities to provide full turnkey solutions in line building in Japan and ASEAN countries through a partnership with JR Automation that has knowledge and advantages in a wide range of industries and line of robotic SI and provides full turnkey solutions in line building, from upstream proposal, design and manufacturing through to construction in the U.S., Europe and ASEAN countries.
3. By placing Hitachi Automation under Hitachi's Industry & Distribution Business Unit, accelerate the fusion between digital solutions analyzing and optimizing data leveraging Lumada handled by the Business Unit and robotic SI which involves a massive amount of data from workplaces. This will enable Hitachi to provide "Total Seamless Solutions" for overall optimization by digitally connecting manufacturing workplaces and management which have become more and more intelligent to contribute to increasing the value of the customer's business.
Statement by Kazunobu Morita, Vice President and Executive Officer, CEO of the Industry & Distribution Business Unit, Hitachi, Ltd.
"The needs for automation have been increasing rapidly in the manufacturing industry due to a shortage of labor, the retirement of highly skilled workers and a decrease in production engineers. Against this backdrop, Hitachi has focused on the reinforcement of its robotic SI business through mergers and acquisitions in Japan and in the U.S. over the past few years.
I am confident that Hitachi Automation, which will be established by reorganizing and integrating the resources of the group, will contribute to solutions to the problems faced by customers in manufacturing industries in Japan and ASEAN countries. In the future, we will provide 'Total Seamless Solutions' that maximize business value from the customer's management perspective by combining robotic SI with Hitachi's products, OT, IT and Lumada which utilizes advanced digital technology, and by realizing cyber-physical system as linking cyberspace and real space, thereby contributing to the improvement of social, environmental and economic value."
(1) SI: Systems Integration
(2) Hitachi Industrial Equipment Systems Co., Ltd. news release titled "Hitachi Industrial Equipment Systems Entered into Agreement to Acquire KEC, Robotic System Integrator" announced on March 22, 2019.
(3) Hitachi, Ltd. news release titled "Hitachi Agrees to Acquire JR Automation, a Robotic System Integrator in the US" announced on April 24, 2019.
(4) Hitachi, Ltd. news release titled "Hitachi Acquires Kyoto Robotics, a Start-up Developing Intelligent Robotic Systems" announced on April 8, 2021.
(5) OT: Operational Technologies
(6) Lumada: General name of solution service technology using Hitachi's advanced digital technology to generate value from customer data and accelerate digital innovation
About Hitachi, Ltd.
Hitachi, Ltd. (TSE: 6501), headquartered in Tokyo, Japan, contributes to a sustainable society with a higher quality of life by driving innovation through data and technology as the Social Innovation Business. Hitachi is focused on strengthening its contribution to the Environment, the Resilience of business and social infrastructure as well as comprehensive programs to enhance Security & Safety. Hitachi resolves the issues faced by customers and society across six domains: IT, Energy, Mobility, Industry, Smart Life and Automotive Systems through its proprietary Lumada solutions. The company's consolidated revenues for fiscal year 2020 (ended March 31, 2021) totaled 8,729.1 billion yen ($78.6 billion), with 871 consolidated subsidiaries and approximately 350,000 employees worldwide. For more information on Hitachi, please visit the company's website at https://www.hitachi.com.
About Hitachi Industrial Equipment Systems Co., Ltd.
Hitachi Industrial Equipment Systems Co., Ltd. headquartered in Tokyo, Japan, is a subsidiary of Hitachi, Ltd., and is engaged in the manufacturing, sales and services of industrial components and equipment. The company offers various industrial products including motors, factory automation/control systems, wind/water systems, pneumatic systems, power distribution, environmental systems and labor-saving systems. For more information, visit http://www.hitachi-ies.co.jp/english.
Copyright 2022 JCN Newswire. All rights reserved. www.jcnnewswire.comHitachi, Ltd. and Hitachi Industrial Equipment Systems Co., Ltd. today announced that they have been accelerating the global development of the line building business leveraging industrial robots and will establish Hitachi Automation, Ltd. on April 1, 2022.
WonderHero: An Anime-Styled Play to Earn Mobile RPG Launches on Polygon
WonderHero is a blockchain NFT (non-fungible token) play to earn mobile game. The game is a turn-based RPG mobile game for iOS and Android where players collect Heroes, enter RPG combat and play to earn tokens in a fantasy world. You can play this game on just about any kind of mobile hardware! Built on [...]
The post WonderHero: An Anime-Styled Play to Earn Mobile RPG Launches on Polygon appeared first on Blockonomi.
Civil Engineering PCL (SET: CIVIL) begins SET trading on 27 Jan
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That capability is resulting from the company's focus on employing technology to raise efficiency in managing diverse construction projects both in terms of types and sizes; delivering quality and safe works within the specified budget.
CIVIL is also aggressively pursuing public and private projects, along with increasing revenues from its production and distribution of construction materials on its pathway to become a leading construction company with sustainable growth while driving the Thai economy and society.
Piyadit Atsavasirisuk, Chief Executive Officer of CIVIL, expressed confidence that CIVIL's shares would receive enthusiastic response on the first trading, backed by the company's track record dating back to over 50 years with over 1,000 large-scale construction projects and major infrastructure schemes being successfully executed.
CIVIL's experience and expertise are in railway works, double-track railways and high-speed trains; airports; dams and reservoirs; Industrial estates; and other infrastructure construction which aims to use modern technology and innovations to increase business efficiency.
The company has also leveraged of its competitive advantages in terms of civil engineering personnel, machinery and equipment and its own manufacturing plants of building material parts. Those elements have allowed CIVIL to manage project construction costs efficiently, providing quality works within the set budget.
The company has therefore earned the trust from government agencies as a top-rank contractor to underscore its ability to manage large infrastructure projects. CIVIL has planned to introduce modern technology, new methods, modern machinery and tools to constantly take its construction project management to the next levels.
The company is striving to achieve the 'Economy of Speed' by employing technology to plan the construction projects from start to finish, as well as adopting modern management principles emphasizing on agility and resilience to adapt to the changing industry.
That will enable CIVIL to increase its capabilities to support the government's large-scale infrastructure construction expansion plans, in the forms of bidding for projects, participating in public-private investment projects (PPP), and forming business partnership to manage large government projects and expanding works to private clients.
These plans are geared towards capturing opportunities arising from the country's growing construction industry, striking a balance between construction business and construction project management conducive to generating good returns in terms of gross profit and net profit margin that is consistently outstanding.
At the same time, CIVIL has also applied technology to its plants that make precast concrete, ready mix concrete, asphaltic concrete, pre-stressed concrete and corrugated steel railings (for road-side car barriers) and sewers. This is all about creating good growth for the business group producing and selling construction materials for distribution to business partners and for managing construction projects.
Meanwhile, the company has had its mining concession of limestone, which is the main raw material for construction and cement making, renewed - a move that has enabled CIVIL to maintain good cost management advantages in construction projects.
Piyadit said: "We aim to become a leading construction company with sustainable growth, by applying modern technology to enhance the operational potential in all dimensions to support the management of large-scale state infrastructure projects and private works. We are committed to delivering valuable and safe works under the specified budget to improve people's quality of life, advancing Thai economy and society."
Pichet Sithiamnuai, President of Bualuang Securities PCL, as a financial advisor and underwriter of CIVIL, noted that CIVIL has high growth potential with investment opportunities in the public sector's transportation infrastructure that is in a good growth stage.
This allows the company to tap its outstanding competitive advantages from using technology to enhance project management efficiency, creating an opportunity to participate in public construction projects and expanding its footprints on private schemes.
"All in all, this will enable CIVIL to maintaining the ability to generate good returns from operations. We believe that CIVIL deserves the status of a growth stock that will definitely receive a good response from investors," said Pichet.
Visit Civil Engineering PCL (SET: CIVIL) at https://www.civilengineering.co.th/en
Released for Civil Engineering PCL by MT Multimedia Co Ltd
Phipop Khongwong (Top), T: +66-81-929-8864; E: [email protected]
Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comCivil Engineering PCL, Thailand's leading integrated construction and civil engineering firm, made a debut on the Stock Exchange of Thailand on Thursday (27 January) with the 'CIVIL' symbol.
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