Hitachi, SFO Technologies to form JV for thermal plant control systems
27 Sep 2011
Hitachi Ltd and SFO Technologies Pvt Ltd, a NeST Group Company, have agreed to establish a joint venture in the field of advanced control systems for thermal power plants.
The joint venture company, Hitachi NeST Control Systems Pvt Ltd, will be based in Bangalore and is scheduled to start in October.
Hitachi India Pvt Ltd, a wholly owned subsidiary of Hitachi, will own 70 per cent of the JV while SFO Technologies will own the remaining 30 per cent.
The Hitachi-SFO joint venture will combine the respective strengths of the two countries to expand the control systems businesses in India.
Hitachi is a leader in control technologies, advanced manufacturing technologies and has a wealth of experience and expertise in plant control systems.
SFO Technologies has been a leader in control systems in India for over 10 years and has highly skilled employees, as well as its nationwide sales and service network.