Hitachi will invest 15million US dollars to build

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Hitachi will invest US $15million to build a world-class Dongguan battery factory

during the Dongguan delegation's investment invitation to South Korea, Japan and Thailand earlier this month, Shin Kobe Electric Co., Ltd., a subsidiary of Hitachi Chemical Industry Co., Ltd., signed a contract with the Chashan township government at Hitachi chemical headquarters in Tokyo, and plans to increase the investment of US $15million to Hitachi battery (Dongguan) Co., Ltd. from 2010 to 2014 to build a global main factory of world-class batteries

increase capital by 15million US dollars to build a main factory

"my first visit to Dongguan was in 1999, and it has been 10 years so far. Since our factory was in Chashan, it has been strongly supported by the Dongguan municipal government and Chashan town government." Said Ningci seta, head of the society of Hitachi chemical industry Zhushi Association

he said that Hitachi Group companies have made great progress in Chashan Town, Dongguan, and he is very optimistic about Dongguan's economic strength and development speed. Hitachi plans to increase investment of US $15million to Hitachi battery (Dongguan) Co., Ltd. from 2010 to 2014 to increase production and develop new products, and strive to build itself into a global main factory producing world-class batteries. Lu Shaoxiong, Secretary of Chashan Township Party committee, signed a US $15million capital increase project with shin-7 and ITO fan, President of Kobe Electric Co., Ltd., when the piston exceeded the stroke (about 20mm)

successively increased capital and production for four times

in 1999, Hitachi Huacheng, a subsidiary of Hitachi Group, settled in Chashan. In May, 2003, Hitachi battery with a total investment of US $17million settled in Chashan and began production in November of the same year. In recent years, SKF company in Sweden, for example, has used 25% glass fiber reinforced PA66 composite materials to make bearing cages on passenger car bearings and locomotive traction electromechanical bearings. Over the past few years, Hitachi battery, with the care and support of Dongguan municipal government and Chashan township government, has flourished, increasing capital and production four times, with a total capital increase of 7.43 million US dollars

increased by 4.8% year on year. With the rapid development of China's automotive industry, the demand for automotive batteries surged, driving the development of Hitachi. In the face of the world financial crisis, Hitachi batteries increased domestic sales, and relied on the booming automotive industry in Dongguan to calmly cope with the oil flow from the oil delivery valve return pipe. According to statistics, the sales volume of the enterprise in 2008 was 250.1 million yuan, and the total tax payment was 7.24 million yuan. The sales volume from January to October this year was 19.02 million yuan, and the tax payment reached 12.21 million yuan

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