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Hitachi Establishes PT. Hitachi Asia Indonesia - Hitachi Singapore

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FOR IMMEDIATE RELEASEContacts:<strong>Indonesia</strong>: Herry Cahyono <strong>Singapore</strong>: Jonel GuittapWeber Shandwick <strong>Indonesia</strong><strong>Hitachi</strong> <strong>Asia</strong> Ltd.021 5292 1881 +65 6212 1796Rcahyono @webershandwick.comjaguittap@has.hitachi.com.sg<strong>Hitachi</strong> <strong>Establishes</strong> <strong>PT</strong>. <strong>Hitachi</strong> <strong>Asia</strong> <strong>Indonesia</strong>To focus on Social Innovation Business as <strong>Hitachi</strong>further expands and strengthens operations in <strong>Indonesia</strong>Jakarta, July 18, 2013 --- <strong>Hitachi</strong> <strong>Asia</strong> Ltd. today announced that it has established itssubsidiary, <strong>PT</strong>. <strong>Hitachi</strong> <strong>Asia</strong> <strong>Indonesia</strong> in Jakarta, Republic of <strong>Indonesia</strong> to growoperations and further expansion of its Social Innovation Business in <strong>Indonesia</strong>. Thenew company was established with initial capital of US$3 million, and will start itsoperations in October 2013.“<strong>Hitachi</strong> considers <strong>Indonesia</strong> as the biggest opportunity market in the ASEAN region.As the country targets to be the 10 th largest economy in the world by 2025, as laid outin the ‘<strong>Indonesia</strong> Economic Master Plan’ or MP3EI, it’s inevitable that the governmentneeds to invest in social infrastructure like transportation and power generation,” saidYukio Toyoshima, Managing Director of <strong>Hitachi</strong> <strong>Asia</strong> Ltd. “This presents plenty ofbusiness opportunities for <strong>Hitachi</strong> in providing social infrastructure products andsolutions to the <strong>Indonesia</strong>n market.”Although <strong>Indonesia</strong>’s economy is projected to increase by less than 6% this year, thegovernment is raising infrastructure spending from 2% to 2.5% of GDP designed tocounter slowing growth. In four of the past five years, Southeast <strong>Asia</strong>’s largesteconomy grew by more than 6%.“We are excited about the setting up <strong>PT</strong>. <strong>Hitachi</strong> <strong>Asia</strong> <strong>Indonesia</strong> because now <strong>Hitachi</strong>will gain greater flexibility to grow our social infrastructure business and will betterenhance our competitiveness as we continue to build solid relationships with<strong>Indonesia</strong>n businesses,” said Hiroyuki Yagi, President Director of <strong>PT</strong> <strong>Hitachi</strong> <strong>Asia</strong><strong>Indonesia</strong>. “Through our wide range of business portfolio, we are confident that we- more -


- 3 -About <strong>Hitachi</strong>, Ltd.<strong>Hitachi</strong>, Ltd. (TSE: 6501), headquartered in Tokyo, Japan, is a leading globalelectronics company with approximately 326,000 employees worldwide. Thecompany’s consolidated revenues for fiscal 2012 (ended March 31, 2013) totaled9,041 billion yen ($96.1 billion). <strong>Hitachi</strong> is focusing more than ever on the SocialInnovation Business, which includes infrastructure systems, information &telecommunication systems, power systems, construction machinery, high functionalmaterial & components, automotive systems and others.For more information on <strong>Hitachi</strong>, please visit the company's website athttp://www.hitachi.com.# # #

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