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2005 News Release
March 30 
March 30, 2005
Hitachi Metals, Ltd.
Hitachi Metals, Ltd.
Soft Magnetic Materials Business Reorganized,
Soft Magnetic Materials Company* Established
Components business also reorganized.As the world's leading manufacturer in the field of magnetic materials,
Hitachi Metals can offer a broad range of alternatives to its customers.
| Tokyo, Japan, April 1, 2005-Hitachi Metals,
Ltd. has merged its Finemet Business Development Office and
Metglas Business Development Office, which were the soft ferrite
business divisions of its Information System Components Company,
to form the new Soft Magnetic Materials Company. In addition,
the OE Device Division was merged into the Information System
Components Company. The resulting concentration of Hitachi Metals' management resources, including soft magnetic materials and information communication component materials and components, will strengthen its businesses and promote expansion. With this added strength as the leading manufacturer in the field of magnetic materials, Hitachi Metals will be able to provide its customers with a broad range of alternatives and support. *All companies discussed in this press release, with the exception of Hitachi Metals, Ltd., are internal companies of Hitachi Metals, Ltd. |
Overview
Hitachi Metals has restructured its business portfolio for growth. The Company is continuously strengthening its information communications and digital consumer electronics, industrial equipment and next-generation automotive businesses, as well as its magnetic materials business, for which worldwide growth is forecast.Until this reorganization, Hitachi Metals had four divisions independently operating in the soft magnetic materials business. These were:
| The Information System Components Company | (Manufacturing and sales of soft ferrite, information communication components) |
| The Finemet Business Development Office | (Manufacturing and sales of EMC, noise reduction products, and power electronics components using Finemet® nano-crystalline soft magnetic materials) |
| The Metglas Business Development Office | (Manufacturing and sales of EMC, noise reduction products, and power electronics components using Metglas® amorphous metal materials) |
| The OE Device Division | (Manufacturing and sales of optical network communications devices and sensors) |
In the electronics market, however, with its increasingly advanced and sophisticated needs emerging at an ever-accelerating rate, Hitachi Metals wanted to concentrate the knowledge won by its business divisions over long years of experience, thereby engendering an ability to offer its customers a wide spectrum of alternatives. At the same time, the Company needed to take a more efficient approach to business costs, and to build a corporate structure that would be responsive to changes in the demand environment.
Acting on these imperatives, on April 1, 2005, Hitachi Metals will implement a reorganization as described below. This will have the effect of concentrating management resources, and consolidating materials and components operations in the field of magnetic materials.
The Finemet Business Development Office and the Metglas Business Development Office, formerly soft ferrite business divisions of the Information System Components Company, will merge to become the Soft Magnetic Materials Company.
The Information System Components Company's information communication components business divisions will absorb the OE Device Division and reorganize as the new Information System Components Company.
As a result of this reorganization, our magnetic materials operations will have two pillars: the soft magnetic materials business, and the hard magnetic materials business, of which permanent magnets are a representative product. This reorganization is yet another example of how Hitachi Metals, the world's leading manufacturer in the field of magnetic materials, is striving to offer a broad range of alternatives to its customers.
Overview of the New Organization
| Press inquiries: | ||
| Akio Minami Corporate Communications Office, Hitachi Metals, Ltd. Telephone: +81-3-5765-4079 Facsimile: +81-3-5765-8312 |
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