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Oct 30, 2020

This Japanese Steel Company Can't Handle It! 3,200 Employees Will Be Laid Off, And 1,000 Of Them Will Retire Voluntarily!

Hitachi Metals Co., Ltd. (Japanese: ひたちきんぞく) was established in 1956 (Showa 31) and is headquartered in Shibaura Icho, Minato-ku, Tokyo.


Since its development, Hitachi Metals Co., Ltd. products cover the fields of electronics, automobiles, machinery, construction and the environment, such as IT parts and materials, magnetic application parts, flat panel displays, computers and semiconductor integrated circuit devices, automotive parts and materials, and environmental protection systems Products, materials for aerospace and nuclear power industries, etc. Hitachi Metals is particularly good at manufacturing high-speed steel and high-grade special steel. Its mold steel has the largest market share in Japan and is highly rated in the international market. It is also Japan's largest producer of steel piston rings, a material for automobile piston rings.


In order to open up the Chinese market, Hitachi Metals (Dongguan) Special Steel Co., Ltd. was established in Dongguan City, Guangdong Province in 1996 to engage in the processing, heat treatment, sales and technical services of high-performance steel. In 2001, Hitachi Metals Co., Ltd. established Hitachi Metals (Suzhou) Electronics Co., Ltd. in Jiangsu. It was renamed in March 2010, increased capital and expanded, introduced a number of new high-tech projects, and became the group's important production base in China. The new plant will be completed in April 2011 and mass production will begin in December 2011. After the construction is completed, the total area of the new factory will reach 15,612 square meters, which will mainly produce piston ring materials for automobiles, metal targets, and pole materials for solar cells.


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