Hitachi in talks with Ahmedabad-based Hi-Rel Electronics to enter power electronics
15 Jun 2011
Hitachi, Ltd today said it is in discussions with Ahmedabad-based industrial power electronics products maker Hi-Rel Electronics Pvt. Ltd to set up a power electronics manufacturing facility in India. It is also take a stake
The two companies plan to leverage Hitachi's medium- and high-voltage control technologies, advanced manufacturing technologies and systems integration expertise in large-scale plants, with Hi-Rel's industrial-use UPS technologies, low-voltage and small- and medium-sized control technologies, existing manufacturing facilities and nationwide sales and service network.
The Japanese electronicsc giant is focusing on what it calls "social innovation businesses", which provide social infrastructure supported by reliable and efficient information and telecommunications technology for gobal acceleration.
Hitachi has identified India as a one of 11 key regions, where increased demand is expected where it plans to strengthen its power electronics business as one of the social innovation business.
Its power electronics portfolio comprises medium- to high-voltage inverter drive systems for rolling mills used in steel works and compressors used in petrochemical plants, UPS, and inverters for solar power generation and wind power generation systems.
"Hitachi therefore possesses advanced technologies and a wealth of expertise in this area," the Japanese firm said in a statement.