Hitachi : Hammond says hoping Hitachi might rethink power plant plan
January 29, 2019 at 12:39 pm
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LONDON (Reuters) - Britain's Chancellor of the Exchequer Philip Hammond said on Tuesday he hoped that a new financing model could be found for Hitachi to reconsider its decision to freeze a $28 billion (21 billion pounds) nuclear power project in Britain.
"Obviously we are disappointed by the decision of Hitachi to suspend work on the Wylfa project, but we haven't given up hope," Hammond told lawmakers in Britain's parliament.
"They retain the site and we hope that the work that we're doing on a possible alternative financing model may yet allow the project to go ahead."
(Reporting by Stephen Addison; Writing by William Schomberg)
Hitachi specializes in manufacturing and marketing of electronic and industrial equipments. Net sales (including intragroup) break down by family of products and services as follows:
- social infrastructure and industrial systems (24.7%): elevators, escalators, industrial facilities, railway systems, power generation units, etc. The group also provides engineering and construction of nuclear, hydroelectric, and thermal power plants services;
- information and telecommunications products and services (20.1%): systems integration, cloud computing, software, servers, hard disks, PCs, ATMs, data communication base stations, payment terminals, etc.;
- materials and components (16.6%): semi-conductor materials, printed circuit cards, cables, copper and forged steel products, magnetic materials, organic and inorganic chemical products, etc.;
- construction equipment (10%) : hydraulic excavators, wheel loaders, mining equipment, etc.;
- automotive systems (9.4%): powertrain systems, control systems, etc.;
- electronic products (9.2%): fiber-optic components, screen tubes, testing and measurement equipment, medical equipment, equipment for manufacturing semiconductors, etc.;
- household appliances (4.7%): heating and air conditioning equipments, refrigerators, washing machines, etc.;
- other (5.3%): mainly transport, financial and logistical services.
Net sales are distributed geographically as follows: Japan (49.2%), Asia (21.3%), North America (12.7%), Europe (10.8%) and other (6%).
HITACHI, LTD. 
