TOKYO (Yosefardi) – Hitachi Asia Ltd has established a new Indonesian subsidiary, PT Hitachi Asia Indonesia, to expand its ‘Social Innovation Business’ in Indonesia.
The new subsidiary has US$3 million initial capital and will start its operations in October 2013.
“We are excited about the setting up PT. Hitachi Asia Indonesia because now Hitachi will gain greater flexibility to grow our social infrastructure business and will better enhance our competitiveness as we continue to build solid relationships with Indonesian businesses,” said Hiroyuki Yagi, President Director of PT Hitachi Asia Indonesia, on a press statement.
Hitachi has been doing business in Indonesia since 1932 where its first exports were electric motors and electric fans. In 1975, Hitachi, Ltd. established the Jakarta Representative Office and later in 1995 its management was transferred to Hitachi Asia Ltd. Since then, it has marketed a wide range of products and services for various industry sectors like power transmission & distribution systems, infrastructure systems, IT systems and automotive systems.
By Hatman Bintang