Hitachi Chemical starts operation in Nantong

Hitachi Chemical (Nantong) Co celebrated the launch of its operation in Nantong, Jiangsu province, on July 30, a step that means that Hitachi Chemical, Hitachi Metals, and Hitachi Cable – all under the control of Japan's Hitachi Group - have invested in the Nantong Economic & Technological Development Area.

With a registered capital of $55.5 million, the Hitachi Chemical (Nantong) Co covers an area of 100,000 square meters. The first phase project - with a wide scope of application - involves the production of fine chemicals for electronic, automobile and industrial use. The volume production of the first phase will begin after stable pilot production. The second phase project will involve pilot production of solar battery modules and anisotropic conductive films for panel displays, that take more than 60 percent of market share.

World-class companies have invested in the Nantong Economic & Technological Development Area, due to its advantageous location, high efficiency, and good economic results. In 2004, Hitachi Cable established a joint venture company in the area with Jiangsu Zhongtian Technology, with total investment of $15 million, and Hitachi Metals established a company with Baosteel Group in 2006, with total investment reaching $84 million.

Edited by Niva Whyman