Notice of Construction of a New Factory in Russia
12 Nov, 2010
Please be informed that Hitachi Construction Machinery Co., Ltd. (president: Michijiro Kikawa) has reached an agreement concerning the investment detailed below with Tver Oblast to establish a factory for production in Russia.
1. Reason for construction of a new factory
Hitachi Construction Machinery expects the demand for construction machinery to continue to grow in Russia, and so will construct a factory in the outskirts of the city of Tver in Tver Oblast, which is approximately 170 kilometers northwest of Moscow, the capital of the country.
2. Outline of the new factory
| (1)Planned place of construction: | the outskirts of the city of Tver in Tver Oblast, Russian Federation |
| (2)Site area: | 400,000 square meters |
| (3)Investment: | approximately ¥6 billion (planned) |
| (4)Production scale: | 2,000 medium-sized hydraulic excavators per year |
| (5)Start of production: | October 2013 (planned) |
Please note that the information provided in this news release is correct as of the date of the news release, and may be changed without notice.
