Mar 19, 2012
Hitachi NeST Control Systems Holds Customer Event to Celebrate its full-scale Operations in Bangalore
Bangalore, India, March 19, 2012 — Hitachi NeST Control Systems Pvt. Ltd. (“Hitachi NeST Control Systems”) today announced that the company has held a launch ceremony in Bangalore to mark the start of its full-scale operations. Honorable Minister of State for Power, Government of India, Mr. K. C. Venugopal was the Chief Guest on the occasion. The event was attended by major customers, government officials and industry partners. Senior dignitaries of the company present included Mr. Yutaka Saito, Vice President and Executive Officer, President & CEO, Information & Control Systems Company, Hitachi, Ltd., Mr. Ichiro Iino, Managing Director of Hitachi India Pvt. Ltd., Mr. Shigeru Sugiyama, Chairman of Hitachi NeST Control Systems, Mr. N. Jehangir, Vice-Chairman of Hitachi NeST Control Systems and Mr. Junichi Suzuki, Managing Director of Hitachi NeST Control Systems.
During the event, Mr. Yutaka Saito, Vice President and Executive Officer, President & CEO, Information& Control Systems Company, Hitachi, Ltd., said, “India has been identified as one of the key markets for Hitachi and we view this local customer event as an important milestone to strengthen our ever growing presence in India. We are committed to this strategic partnership and we are confident that we will be able to continue to contribute to the growth of the industry and the Indian society by utilizing our knowledge and experience.”
Mr. N. Jehangir, Vice-Chairman and Managing Director of SFO Technologies said, “SFO is excited about this joint venture with Hitachi and is looking forward to its success. Hitachi’s advanced technologies and SFO’s design, engineering and manufacturing infrastructure will be a good synergistic fit for the new JV. Considering the massive investments going into the power sector in India, the launch of this JV is very timely and it can make a significant impact in the market.”
In September 2011, Hitachi, Ltd. and SFO Technologies Pvt. Ltd., a NeST Group company had announced the establishment of a joint venture in the field of advanced control systems for thermal power plants. In October 2011, Hitachi NeST Control Systems was established in Bangalore, with Mr. Junichi Suzuki appointed as the Managing Director. Hitachi India Pvt. Ltd., a wholly owned subsidiary of Hitachi and SFO Technologies own 70% and 30% of the joint venture’s shares respectively.
Hitachi and SFO Technologies have been promoting to expand their control systems businesses in India. This is achieved by converging the strengths of each company—Hitachi’s leading edge control technologies, advanced manufacturing technologies, wealth of experience and expertise in plant control systems and SFO Technologies’ 10 years experience in control systems and its highly skilled employees, as well as its nationwide sales and service network in India.
The market for information and control systems for social infrastructure is expected to grow in line with India’s economic development. Power is a critical infrastructure of which socio-economic development of the country depends on. India is expected to add 200 GW in the next 10 years. Major portion of the investment would be in thermal power plants especially in large sized supercritical units. Hitachi has made significant investments in India, including BGR Energy Systems Limited, to manufacture super-critical turbines, generators and boilers in Chennai.
Against this backdrop, Hitachi and SFO Technologies formed a Joint Venture to provide engineering, manufacturing, commissioning and after-service advanced control systems for thermal power plants. Hitachi NeST Control Systems aims to capitalize these opportunities and talent that the Indian market offers. Hitachi has been using SFO Technologies’ engineering services in thermal power control systems field for the last 10 years for projects both inside and outside India. For Hitachi NeST Control Systems, Hitachi brought in advanced control technology for thermal power plants. SFO Technologies merged its existing 10 years experienced control systems division with the joint venture company and offered its manufacturing space and expertise in Bangalore for localizing the technology in India.
Hitachi is focusing on accelerating the global development of the Social Innovation Business, which is made up of social infrastructure supported by highly reliable and highly efficient information and telecommunications technology. Hitachi has identified India as a fifth key management area for further business expansion. Hitachi decided to establish Hitachi NeST Control Systems, a joint venture with SFO Technologies, to build up control system engineering capability, starting with thermal power control systems.