Companies

Hitachi to shift Jammu unit to Gujarat, shares gain

Our Bureau Ahmedabad | Updated on March 13, 2018 Published on July 15, 2014

Move aimed at centralisation of AC production

Hitachi Home & Life Solutions (India) Ltd, the Indian arm of Japanese home appliances player Hitachi Appliance Inc, will shift its Jammu unit to its existing main unit near Mehsana in north Gujarat, the company stated.

The company will shift the entire plant including existing workforce and machinery to the main air conditioner manufacturing plant at Kadi of Mehsana district, where it has an installed capacity of 230,000 units per annum.

In a stock exchange filing on Monday, the company stated, “"In order to maximise productivity, minimise/reduce operational costs so as to remain competitive in the market and for administrative convenience, the management of the company has decided for centralisation of production activity and hence as a policy decision it has decided to shift the entire Jammu unit along with manpower, plant and machineries to its main plant situated in Karan Nagar, Kadi, District Mehsana, Gujarat without adversely affecting the production capacity.”

Hitachi Home shares gained on Tuesday after the announcement on Monday. The shares ended with a gain of over 9 per cent at Rs 293.55 on the Bombay Stock Exchange.

Published on July 15, 2014
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