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Hitachi targets US$7b sales in China by 2007 Japanese electronics conglomerate Hitachi Ltd. said Thursday it aims to
achieve sales of US$7 billion in China in its fiscal year 2006, ending March
2007. Hitachi also aimed to invest at least US$1 billion in China during the three years ending March 2007, the company said in a statement. Hitachi aims to post double-digit annual sales growth, foreseeing robust sales in the run up to the 2008 Beijing Olympic Games and 2010 Shanghai Expo. Hitachi focused on a variety of businesses to spur growth in China, including power and industrial equipment systems, transportation system, IT systems, consumer electronics and construction systems. Procurement spending is forecast to rise from US$3.6 billion last year to
US$6 billion in the year to March 2007.
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