Hitachi to move global rail HQ from Tokyo to London

Japanese technology company Hitachi is to move its headquarters in Tokyo to a new base in London, after the group won a contract to build a new fleet of trains and appointed a new British global chief.

The company won a £1.2bn contract to make the next generation of inter-city trains at a new factory in Newton Aycliffe in County Durham.

The Chancellor, George Osborne, said that the news was “fantastic”.

Speaking on BBC Breakfast, he said: “For people like me who have grown up with news of manufacturing jobs leaving Britain, isn’t it fantastic that manufacturing jobs are coming back to Britain.”

The purpose built Newton Aycliffe factory is expected to become operational next year, and will initially manufacture a total of 270 new train carriages, according to the Standard. The facilities will also put Hitachi in a good position to win manufacturing contracts for other European projects and bring further work to Britain.

Business secretary Vince Cable said: “This move demonstrates a huge vote of confidence in Britain, its workers and its rail industry from one of Japan’s biggest businesses. It follows the company’s announcement last year of 750 new jobs at their factory in Newton Aycliffe, which I was delighted to launch with [Transport Secretary] Patrick McLoughlin.

Hitachi said that the move will not see a large move of personnel from Tokyo to the UK.

Follow us on LinkedIn

Now read:

Harry Cockburn: Why is the government letting heavy industry escape green levies?

Redcar steel works

Social Bookmarks