1 April 28, 2010 Kawasaki Heavy Industries, Ltd. Hitachi Construction

Total Page：16

File Type：pdf, Size：1020Kb

1 April 28, 2010 Kawasaki Heavy Industries, Ltd. Hitachi Construction

April 28, 2010 Kawasaki Heavy Industries, Ltd. Hitachi Construction Machinery Co., Ltd. KCM Corporation Regarding Hitachi Construction Machinery’s Equity Stake in KCM Corporation Kawasaki Heavy Industries, Ltd. (KHI), KHI’s wholly owned subsidiary KCM Corporation (KCM) and Hitachi Construction Machinery Co., Ltd. (HCM) have reached an agreement under which HCM will acquire an equity stake in KCM through a third-party capital increase by around June 2010. 1. Purpose of Equity Stake HCM’s investment in KCM is aimed at building a strong cooperative relationship between HCM and KCM in accordance with an agreement concluded in October 2008 by KHI and HCM to form a business alliance with respect to their wheel loader businesses. As a result of the recent investment, KHI will hold a 66% share in KCM and HCM a 34% share. 2. Current State of Business Alliance and Future Initiatives (1) Current State of Business Alliance Following the aforementioned agreement to form a business alliance in the wheel loader business, KCM and HCM have been building a structure for mutual cooperation in development, procurement, production and sales. This includes the joint development of new model wheel loaders that comply with (Tier 4) emissions regulations (scheduled to take effect in 2011) and mutually supplying existing models on an OEM basis. (2) Future Initiatives As a result of HCM’s recent investment, the companies will strive to forge even closer ties in the areas of development, procurement, production and sales. Particularly in joint development and shared production, which will serve as the core of business operations, besides accelerating the development of products that adhere to Tier 4 emissions regulations, the companies will strive to develop new models for emerging markets, work to further develop products that comply with successive future phases of 1 emissions regulations, strengthen competitiveness and expand sales. Additionally, KCM and HCM will utilize their respective technologies in promoting the development of hybrid machinery. Moreover, the three companies will also further strengthen their relationships with initiatives that include raising procurement efficiency and supplementing product lineups by mutually supplying existing models on an OEM basis to invigorate sales. In this manner, the companies will fully utilize the benefits of the business alliance and stabilize and strengthen their business foundations. 2.

Copy Link

Recommended publications

Defendants and Auto Parts List
Defendants and Parts List PARTS DEFENDANTS 1. Wire Harness American Furukawa, Inc. Asti Corporation Chiyoda Manufacturing Corporation Chiyoda USA Corporation Denso Corporation Denso International America Inc. Fujikura America, Inc. Fujikura Automotive America, LLC Fujikura Ltd. Furukawa Electric Co., Ltd. G.S. Electech, Inc. G.S. Wiring Systems Inc. G.S.W. Manufacturing Inc. K&S Wiring Systems, Inc. Kyungshin-Lear Sales And Engineering LLC Lear Corp. Leoni Wiring Systems, Inc. Leonische Holding, Inc. Mitsubishi Electric Automotive America, Inc. Mitsubishi Electric Corporation Mitsubishi Electric Us Holdings, Inc. Sumitomo Electric Industries, Ltd. Sumitomo Electric Wintec America, Inc. Sumitomo Electric Wiring Systems, Inc. Sumitomo Wiring Systems (U.S.A.) Inc. Sumitomo Wiring Systems, Ltd. S-Y Systems Technologies Europe GmbH Tokai Rika Co., Ltd. Tram, Inc. D/B/A Tokai Rika U.S.A. Inc. Yazaki Corp. Yazaki North America Inc. 2. Instrument Panel Clusters Continental Automotive Electronics LLC Continental Automotive Korea Ltd. Continental Automotive Systems, Inc. Denso Corp. Denso International America, Inc. New Sabina Industries, Inc. Nippon Seiki Co., Ltd. Ns International, Ltd. Yazaki Corporation Yazaki North America, Inc. Defendants and Parts List 3. Fuel Senders Denso Corporation Denso International America, Inc. Yazaki Corporation Yazaki North America, Inc. 4. Heater Control Panels Alps Automotive Inc. Alps Electric (North America), Inc. Alps Electric Co., Ltd Denso Corporation Denso International America, Inc. K&S Wiring Systems, Inc. Sumitomo Electric Industries, Ltd. Sumitomo Electric Wintec America, Inc. Sumitomo Electric Wiring Systems, Inc. Sumitomo Wiring Systems (U.S.A.) Inc. Sumitomo Wiring Systems, Ltd. Tokai Rika Co., Ltd. Tram, Inc. 5. Bearings Ab SKF JTEKT Corporation Koyo Corporation Of U.S.A.
[Show full text]
NEC Electronics and Renesas to Integrate Business Operations Establishment of the World’S Third Largest Semiconductor Company
NEC Electronics and Renesas to Integrate Business Operations Establishment of the World’s Third Largest Semiconductor Company KAWASAKI, Japan, TOKYO, Japan, April 27, 2009 -- NEC Electronics Corporation (NEC Electronics; TSE: 6723), Renesas Technology Corp. (Renesas), NEC Corporation (NEC; TSE: 6701), Hitachi, Ltd. (Hitachi; TSE: 6501 / NYSE: HIT), and Mitsubishi Electric Corporation (Mitsubishi Electric; TSE: 6503) today agreed to enter into negotiations to integrate business operations at NEC Electronics and Renesas. 1. Background and goals of business integration NEC Electronics was established in 2002, separating from NEC, and Renesas was established in 2003, integrating semiconductor units at Hitachi and Mitsubishi Electric. Both as leading semiconductor companies, NEC Electronics and Renesas provide a wide variety of semiconductor solutions, primarily specializing in microcontroller units (MCUs). In light of fierce global competition in the semiconductor market, NEC Electronics and Renesas have agreed to explore the possibility of business integration in order to further strengthen their business foundations and technological assets while increasing corporate value through enhanced customer satisfaction. By integrating the world’s two largest MCU suppliers (*1), the new company will provide one of the most competitive MCU product lineups throughout the world. NEC Electronics and Renesas both focus on the fast-growing field of system-on-chip (SoCs) products. NEC Electronics is a leading producer of SoCs for digital consumer electronics, while Renesas is a well established manufacturer of SoCs for mobile phones and automotive applications. By reinforcing the companies’ respective strengths and development resources the new company will provide globally competitive SoC products. In terms of the discrete semiconductor business, both companies will define strategies to enhance the competitiveness of analog and discrete products that generate synergies with MCUs.
[Show full text]
Notice of Hearing in Canadian Auto Parts Class Actions- Long
NOTICE OF HEARING IN CANADIAN AUTO PARTS PRICE-FIXING CLASS ACTIONS If you bought or leased, directly or indirectly, a new or used Automotive Vehicle or certain automotive parts, since January 1998, you should read this notice carefully. It may affect your legal rights. A. WHAT IS A CLASS ACTION? A class action is a lawsuit filed by one person on behalf of a large group of people. B. WHAT ARE THESE CLASS ACTIONS ABOUT? Class actions have been started in Canada claiming that many companies participated in conspiracies to fix the prices of automotive parts sold in Canada and/or sold to manufacturers for installation in Automotive Vehicles1 sold in Canada. This notice is about class actions relating to the following automotive parts (the “Relevant Parts”): Part Description2 Class Period Air Conditioning Air Conditioning Systems are systems that cool the January 1, 2001 to Systems interior environment of an Automotive Vehicle and are December 10, 2019 part of an Automotive Vehicle’s thermal system. An Air Conditioning System may include, to the extent included in the relevant request for quotation, compressors, condensers, HVAC units (blower motors, actuators, flaps, evaporators, heater cores, and filters embedded in a plastic housing), control panels, sensors, and associated hoses and pipes. Air Flow Meters Air Flow Meters, otherwise known as a mass air flow January 1, 2000 to sensors, measure the volume of air flowing into March 20, 2017 combustion engines in Automotive Vehicles, that is, how much air is flowing through a valve or passageway. The Air Flow Meter provides information to the Automotive Vehicle’s electronic control unit in order to ensure that the proper ratio of fuel to air is being injected into the engine.
[Show full text]
Hitachi Automation Director
Accelerate resource delivery, reduce risk and maximize performance. Spend more time delivering business value. DATASHEET Hitachi Automation Director Automate Data Center Operations One of the biggest drains on a data center team’s time is the administration of IT infra- structure resources. Provisioning storage, configuring virtual machines (VMs), SAN orchestration and setting up data protec- tion services represent operational tasks that can easily consume up to 45% of IT staff time. These processes are time consuming, and they take IT away from focusing on innovation and delivering value-added business initiatives. Operational tasks can also require many steps that introduce the potential for critical errors. Such errors can Figure 1. Predefined service templates make it easy to “choose and go.” result in applications outages, reduce per- formance and even result in data loss. HAD operations use best practices performance and data path resiliency ensuring that resources are consistently requirements. Automation can help by ensuring resources configured to meet business needs and are quickly and properly configured while ■■ Storage service delivery. Provision service level agreements (SLAs). staff work on the delivery of more complex storage resources with quality of service (QoS) and storage array data protection services. Unlike many of today’s automa- Choose and Go tion software offerings, Hitachi Automation services, to meet recovery and uptime Defining an initial set of automation pol- Director (HAD) supports a broad range of SLAs. icies can take time. To help kick-start tasks and infrastructure resources to accel- ■■ Application-specific automation. the process, Hitachi Vantara includes a erate operational success. Provide resources to applications and broad range of predefined workflows for perform application-specific tasks, like Act Faster, With Less Risk configuring resources (see Figure 1).
[Show full text]
How Hitachi Consulting Simplified Travel Expense Processing
How Hitachi Consulting Simplified Travel Expense Processing CLIENT Hitachi Consulting Corporation - an industrial digital solutions company, CIIS Solutions Partner SOLUTION Mobile Travel & Expense Automation Solution - Enterprise Edition Case Study Hitachi Consulting uses Oracle E-Business Suite iExpense (“iExpense”) for T&E expense entry and manually controls keeping the business expense receipts organized to prepare an expense report. This process is tedious and time-consuming, considering the multiple sources and formats of the receipt documents - printed paper, vendor portal page, embedded email body and emailed pdf file attachments. The Business Challenge Hitachi Consulting’s cut-off for expense report submission is twice per month. However, employees often struggle with timely expense report submissions, due to the administrative time and effort needed to prepare and submit their expenses for reimbursement. Delays can cause issues for the employees as well as the company. Employee reimbursements can spill over multiple periods. From the company’s perspective this can impede visibility to cash flow, affect proper expense cut-off for financial reporting, and potentially defer invoicing clients for project billable expenses. Manual receipt submission Collecting, compiling and organizing the business expense receipts is a manual process, prone to misplacing and losing receipts. There are many steps required to prepare the receipts for submission: scanning a printed paper receipt, printing to a file a vendor portal receipt, printing to a file an embedded email receipt and saving email attached pdf documents. Finally, combining into a single file or attaching multiple documents to the iExpense expense report. Locating missing receipts or submitting without proper receipt documentation results in delays in submitting for approval or reimbursement.
[Show full text]
NEC Electronics Corporation to Be Held on February 24, 2010
(Translation) The following is an English translation of the Notice of the Extraordinary General Meeting of Shareholders of NEC Electronics Corporation to be held on February 24, 2010. The Company provides this translation for your reference and convenience only and without any warranty as to its accuracy or otherwise. NEC Electronics Corporation 1753, Shimonumabe, Nakahara-ku, Kawasaki, Kanagawa Junshi Yamaguchi President February 2, 2010 To Our Shareholders: NOTICE OF THE EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS The Extraordinary General Meeting of Shareholders (the "General Meeting") of NEC Electronics Corporation (the "Company") will be held as follows: 1. DATE: February 24, 2010 (Wednesday) at 10:00 A.M. (Japan Standard Time) 2. PLACE: Tamagawa Renaissance City Hall located at 1753, Shimonumabe, Nakahara-ku, Kawasaki, Kanagawa, Japan 3. AGENDA OF THE GENERAL MEETING MATTERS TO BE VOTED UPON: (1) Approval of the Merger Agreement between the Company and Renesas Technology Corp. (2) Partial Amendment to the Articles of Incorporation (3) Election of Seven Directors (4) Election of One Corporate Auditor (5) Revision of the Amount of Remuneration for Directors and Corporate Auditors (6) Issuance of New Shares Offered by way of Third Party Allotment 4. EXERCISE OF VOTING RIGHTS (1) If shareholder does not indicate acceptance or rejection of the agenda items when exercising a voting right via postal mail, the Company shall treat such cases as 1 (Translation) indication of acceptance. (2) In the event that a shareholder exercises a voting right by electromagnetic method (the Internet), even if the voting form is returned to us by postal mail, the Company shall treat the shareholder’s vote by electromagnetic method (the Internet) as the effective exercise of the voting right.
[Show full text]
UR5U-9000L and 9020L Cable Remote Control
th Introduction Button Functions A. Quick Set-Up Method C. Auto-Search Method E. AUX Function: Programming a 5 G. Programming Channel Control If your remote model has custom-program- 6 Quick Set-up Code Tables 7 Set-up Code Tables TV Operating Instructions For 1 4 STEP1 Turn on the device you want to program- Component mable Macro buttons available, they can be Manufacturer/Brand Set-Up Code Number STEP1 Turn on the Component you want to You can program the channel controls programmed to act as a 'Macro' or Favorite The PHAZR-5 UR5U-9000L & UR5U-9020L to program your TV, turn the TV on. TV CBL-CABLE Converters BRADFORD 043 program (TV, AUD, DVD or AUX). You can take advantage of the AUX func- (Channel Up, Channel Down, Last and Channel button in CABLE mode. This allows is designed to operate the CISCO / SA, STEP2 Point the remote at the TV and press tion to program a 5th Component such as a Numbers) from one Component to operate Quick Number Manufacturer/Brand Manufacturer/Brand Set-Up Code Number BROCKWOOD 116 STEP2 Press the [COMPONENT] button (TV, you to program up to five 2-digit channels, BROKSONIC 238 Pioneer, Pace Micro, Samsung and and hold TV key for 3 seconds. While second TV, AUD, DVD or Audio Component. in another Component mode. Default chan- 0 FUJITSU CISCO / SA 001 003 041 042 045 046 PHAZR-5 Holding the TV key, the TV LED will light AUD, DVD or AUX) to be programmed four 3-digit channels or three 4-digit channels BYDESIGN 031 032 Motorola digital set tops, Plus the majority th nel control settings on the remote control 1 SONY PIONEER 001 103 034 051 063 076 105 and [OK/SEL] button simultaneously STEP1 Turn on the 5 Component you want that can be accessed with one button press.
[Show full text]
Prefatory Note Pdf 0.6 MB
Prefatory Note Featured Topic: Sumitomo Electric’s Efforts in Developing Its Environment & Energy Business and the Present Status of Research & Development Activities Takahiro NAKANO Managing Director and General Manager, Electric Wire & Cable, Energy Business Unit Confronted with global warming and other envi- company. In the same year, the new company put into ronmental issues that have become tangible as a result of practical use the Japan’s first 11 kV high-voltage under- rapidly growing energy demand, mainly in developing ground power transmission cable. In 1922, the company countries, expectations are raising for stable and safe designed and produced the world’s then longest subma- supply of environmentally friendly electric power and other rine cable (11 kV paper-insulated lead-sheathed steel energy sources. Under such circumstances, the environment wire-armored cable), and laid it on the seabed between surrounding electric power and energy is changing dynami- Niihama and Shisakajima in Ehime Prefecture. The 5th cally. In particular, expansion of power generation/transmis- circuit of the submarine cable, which was laid in 1957, is sion/distribution networks is being promoted on a global still in operation. Even before the Second World War, our basis, use of renewable energy is increasing, and enhance- senior colleagues exerted their enthusiastic efforts at all ment of the reliability of electric power systems is required times to introduce the world’s most advanced technolo- in response to an increase in renewable energy consumption. gies and begin their in-house commercialization as early The Sumitomo Electric Group provides customers as possible. A typical example was the introduction of with electric power infrastructure and various other OF cable (oil-filled, pressurized oil-impregnated paper- technologies and products used in telecommunication insulated cable) technology in 1928 from Pirelli & C., an systems, automobiles, electronic equipment, and other Italian firm.
[Show full text]
Hitachi Copy-On-Write Snapshot User Guide
Hitachi Virtual Storage Platform Hitachi Copy-on-Write Snapshot User Guide FASTFIND LINKS Document Organization Product Version Getting Help Contents MK-90RD7013-11 © 2010 - 2014 Hitachi, Ltd. All rights reserved. No part of this publication may be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopying and recording, or stored in a database or retrieval system for any purpose without the express written permission of Hitachi, Ltd. Hitachi, Ltd., reserves the right to make changes to this document at any time without notice and assumes no responsibility for its use. This document contains the most current information available at the time of publication. When new or revised information becomes available, this entire document will be updated and distributed to all registered users. Some of the features described in this document might not be currently available. Refer to the most recent product announcement for information about feature and product availability, or contact Hitachi Data Systems Corporation at https://portal.hds.com. Notice: Hitachi, Ltd., products and services can be ordered only under the terms and conditions of the applicable Hitachi Data Systems Corporation agreements. The use of Hitachi, Ltd., products is governed by the terms of your agreements with Hitachi Data Systems Corporation. Notice on Export Controls. The technical data and technology inherent in this Document may be subject to U.S. export control laws, including the U.S. Export Administration Act and its associated regulations, and may be subject to export or import regulations in other countries. Reader agrees to comply strictly with all such regulations and acknowledges that Reader has the responsibility to obtain licenses to export, re-export, or import the Document and any Compliant Products.
[Show full text]
Hitachi Chemical, Hitachi, Sumitomo Electric to Establish Joint Venture
FOR IMMEDIATE RELEASE Hitachi Chemical, Hitachi, Sumitomo Electric to Establish Joint Venture for Epoxy Resin Molded Products Used in Gas insulated Switchgear and Power Transmission Cable Accessories Tokyo and Osaka, March 3, 2014 - Hitachi Chemical Co., Ltd. (“Hitachi Chemical” /TSE:4217), Hitachi, Ltd. (“Hitachi”/TSE:6501) and Sumitomo Electric Industries, Ltd. (“Sumitomo Electric”/TSE:5802) today announced that they have reached an agreement to arrange the business succession of the epoxy resin molded products business of Hitachi Cable Mec-Tech, Ltd., a subsidiary of Hitachi Metals, Ltd., to a joint venture to be established by Hitachi Chemical, Hitachi and Sumitomo Electric, “Hitachi Chemical Sumiden Power Products, Ltd.” (tentative name), on April 1, 2014. The equity shares in the new company will be Hitachi Group 60% (Hitachi Chemical 51%, Hitachi 9%) and Sumitomo Electric 40%. Its main business will be the manufacture of epoxy resin molded products for gas insulated switchgear and power transmission cables, which are indispensable to power transmission and distribution infrastructure. Epoxy resin offers a wide range of characteristics that can be varied by the combination of the primary material and hardener. It is easy to use due to its low toxicity and low flammability, emits virtually no volatile substances, and offers excellent insulation properties along with heat, water, chemical and weather resistance. These properties have led to its use in a wide range of fields including advanced technologies such as electrical and electronic parts as well as aerospace planes, along with automobiles, ships, civil engineering and furniture. Epoxy resin molded products are used as core components particularly in accessories for gas insulated switchgear and power transmission cable accessories because of their high dielectric strength, mechanical strength and durability, and their ability to realize high dimensional precision.
[Show full text]
Annual Report 2000
12 Review of Operations Information Systems & Electronics Information & Telecommunication Systems Several factors drove greater investment in IT in all fields in fiscal 1999. Most important were rapid diffusion of the Internet and e-commerce as well as greater networking and progress toward an information-intensive society. But curbs placed on investments in IT, particularly in the U.S., in the latter half of the year due to Y2K concerns negated these gains somewhat. Buyers stood on the sidelines waiting for the Y2K issue to pass. Mainframe computer sales were affected the most. In the computer business, net sales and earnings both fell. In Japan, the Company’s systems integration (SI) business posted strong sales. Most of the growth came in two sectors: the financial sector, where investments are being made in information systems to respond to Japan’s “Big Bang”; and the public sector for systems to provide a new care insurance system for the elderly and to support other online government services. Overseas, sales turned downward, as Y2K concerns caused buyers to hold off purchasing the Hitachi Skyline Trinium mainframe, shipments of which started in September 1999. Intensifying price competition also took its toll. Sales of disk array systems also dropped below year- ago levels. In disk array systems for open systems, OEM production for Hewlett-Packard Company remained strong. This was outweighed, however, by lower sales of systems for mainframes. In this area, businesses other than hardware——software, SI and services——will account for a greater proportion of sales as Hitachi moves forward. To reflect this shift in emphasis, in January 2000, the Information & Telecommunication Systems Group was reorganized into five business groups, four by distinct customer-defined fields——the Finance & Distribution Systems Group, the Industrial Information Systems Group, the Government & Public Corporation Information Systems Group, and the Telecommunication & Information Infrastructure Systems Group.
[Show full text]
INCJ, Hitachi, Sony and Toshiba Sign Definitive Agreements Regarding Integration of Small- and Medium-Sized Display Businesses
FOR IMMEDIATE RELEASE INCJ, Hitachi, Sony and Toshiba Sign Definitive Agreements Regarding Integration of Small- and Medium-Sized Display Businesses Tokyo, November 15, 2011 --- Innovation Network Corporation of Japan (“INCJ”), Hitachi, Ltd. (“Hitachi”), Sony Corporation (“Sony”) and Toshiba Corporation (“Toshiba”) announced today that they have signed definitive agreements to integrate their small- and medium-sized display businesses in a new company to be established and operated by INCJ as attached. About Hitachi, Ltd. Hitachi, Ltd., (NYSE: HIT / TSE: 6501), headquartered in Tokyo, Japan, is a leading global electronics company with approximately 360,000 employees worldwide. Fiscal 2010 (ended March 31, 2011) consolidated revenues totaled 9,315 billion yen ($112.2 billion). Hitachi will focus more than ever on the Social Innovation Business, which includes information and telecommunication systems, power systems, environmental, industrial and transportation systems, and social and urban systems, as well as the sophisticated materials and key devices that support them. For more information on Hitachi, please visit the company's website at http://www.hitachi.com. # # # Attached NEWS RELEASE Innovation Network Corporation of Japan Hitachi, Ltd. Sony Corporation Toshiba Corporation INCJ, Hitachi, Sony and Toshiba Sign Definitive Agreements Regarding Integration of Small- and Medium-Sized Display Businesses TOKYO, November 15, 2011 – Innovation Network Corporation of Japan (“INCJ”), Hitachi, Ltd. (“Hitachi”), Sony Corporation (“Sony”) and
[Show full text]