Hitachi will build factory for trains in Great Britain
The Japanese industrial giant Hitachi is planning to build a plant for high-speed coaches in the UK much billion deal that will create hundreds of jobs in Britain, said company spokesman. Hitachi, which manufactures products from refrigerators to equipment for nuclear power, seeks to participate in the renewal of Britain’s rail fleet by 2018, the agency adds. It is expected the plant to then be produced in 1400 trainset to be a hybrid drive – a lithium-ion batteries and diesel engines. In the factory will invest 1 trillion yen (11.3 billion dollars), it will give employment to nearly 500 people. Spokesman said that the place of assembly line has not yet been discussed. The company, which is strongly affected by the crisis, aims by 2015 to increase revenues from the transport business landmarks 20 and 70%. Next month is expected to supply Hitachi with 170 UK high-speed units, as part of a deal signed in 2005. The rail sector in serious walked into spotlight after the investment guru Warren Buffett’s company bought Burlington Northern Santa Fe, which is the largest railway infrastructure in the western part of the United States.
The transaction price was 44 billion dollars, of which debt. Buffett then moved his decision, as it turned become more competitive than trucks because of rising fuel prices and because of their higher productivity.
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