Hitachi Alloy Accelerates Business Reorganization

Hitachi Cable group’s Hitachi Alloy announced on Tuesday the firm targets 20 billion yen of sales by end of fiscal 2008 though the target was for end of fiscal 2009 originally. The firm tries to post higher recurring profit for 3 years in a row by improving sales of original wire products and wire quality by expanding new materials and fabricating business. The firm also said 300 million yen investment for fiscal 2008. The firm tries to expand wire sales for third party while the firm keeps the shipment for Hitachi Cable, which represents near half of production. The firm expands the original wire products including fine wire and alloyed wire while the firm expands the oxygen free copper wire. The firm also expands the business of new materials and fabricated products. The firm added computer numeric control machining center at Saitama plant for precise and special shaped processing. The firm also improves the quality level for brass bar and strip products though better quality control system including new inline inspection machine.