Hitachi U.S.A. history

1964: Hitachi builds the first cars for Japan's bullet train.

In 1969 Hitachi New York, Ltd. was renamed Hitachi America, Ltd. to reflect the company's national sales scope.

In 1974 Hitachi developed and launched what were then known as 'plug compatible mainframes.' These 'clones' cost less than but were compatible with IBM's machines, which set the industry standard.

Following 1975, when the company had its first disappointing fiscal year, sales and profits at Hitachi began to increase dramatically.

Since 1976, Hitachi America, Ltd. has created a sophisticated giving program that combines employee volunteerism and direct funding.

Since 1985, Hitachi's Foundation has made more than 500 grants in American communities.

5, 1988, had revenues of $17 billion and employed 160,000 people around the world.

The 1989 purchase of a controlling interest in National Advanced Systems (NAS), an American distributor of mainframe computers, helped shore up Hitachi's sales efforts in that important market.

In 1990, President Mita announced a reorganization that focused, in part, on transforming the conservative corporate culture that some observers blamed for Hitachi's declining earnings.

Mita became chairman in 1991 as Tsutomu Kanai took the reins as president.

Developed a hydraulic excavator employing a wired remote control method and operated it during unmanned rock removal work along Mizunashi River of Mount Unzen (received the 1995 Chairman’s Award from the Japan Construction Machinery and Construction Association).

"hitachi america formed." television digest, 1 april 1996.

wirthman, lisa. "hp and hitachi partner on hp-ux to address reliability, availability." pc week, 10 february 1997.

"hitachi foundations," 20 april 1998. available at http://www.hitachi.co.jp/int-e/hf.html.

1999: Company announces a ¥336.92 billion ($3 billion) net loss for the fiscal year ending in March; major restructuring efforts ensue.

In another streamlining move, Hitachi announced in February 2001 that its instruments group and its semiconductor manufacturing equipment group would be merged into Nissei Sangyo Co., Ltd., a publicly traded firm controlled by Hitachi through a majority ownership.

Less certain was the program's chances for success, although the emphasis on profitability was never more prominent at Hitachi as Shoyama made delivering a return on equity of 8 percent by March 2003 the main goal of the restructuring.

Launched ZW-3 series of wheel loaders (received 2006 Good Design Award).

Launched UH03, the first hydraulic excavator in Japan made purely with domestic technologies. (In 2011, the Japan Society of Mechanical Engineers selected UH03 as Mechanical Engineering Heritage Listing No.

In 2018 ABB celebrated 50 years as a pioneer in the development of gas-insulated-switchgear (GIS) technology that enables a radical reduction in the footprint of high voltage substations and can even enable them to be built underground.

In 2020, Hitachi and ABB's Power Grids' business came together in a joint venture to create a new global leader in pioneering and digital technologies.

Now Hitachi has more than 24,700 employees among its 72 Group companies in the United States and 19 R&D labs operating in 37 states, with revenues of $10 billion in North America (as of March 31, 2021). Its proven experience in global markets allows Hitachi to inspire the world.