Hitachi CV960F24 (CV960F24CBSWR)

HITACHI, Ltd is a Japanese multinational conglomerate corporation headquartered in Chiyoda, Tokyo, Japan. It is the parent company of the Hitachi Group (HITACHI Gurūpu) and had formed part of the Nissan zaibatsu and later DKB Group and Fuyo Group of companies before DKB and Fuji Bank (the core Fuyo Group company) merged into the Mizuho Financial Group. As of 2020, HITACHI conducts business ranging from IT, including AI, the Internet of Things, and big data, to infrastructure. HITACHI is listed on the Tokyo Stock Exchange and Nagoya Stock Exchange and its Tokyo listing is a constituent of the Nikkei 225 and TOPIX Core30 indices. It is ranked 38th in the 2012 Fortune Global 500 and 129th in the 2012 Forbes Global 2000. Hitachi was founded in 1910 by electrical engineer Namihei Odaira in Ibaraki Prefectur. The company's first product was Japan's first 4-kilowatt (5 hp) induction motor, initially developed for use in copper mining. The company began as an in-house venture of Fusanosuke Kuhara's mining company in HITACHI, Ibaraki. Odaira moved headquarters to Tokyo in 1918. Odaira coined the company's toponymic name by superimposing two kanji characters: hi meaning "sun" and tachi meaning "rise". World War II had a significant impact on the company with many of its factories being destroyed by Allied bombing raids, and discord after the war. Founder Odaira was removed from the company and HITACHI Zosen Corporation was spun out. HITACHI's reconstruction efforts after the war were hindered by a labor strike in 1950. Meanwhile, HITACHI went public in 1949. The Soviet Union started to produce air conditioners in 1975. The Baku factory was established under the license of Japanese company HITACHI. Volumes of production of air conditioners in the USSR were small, about 500,000 per year. However air conditioners were a matter of great pride. Mainly window air conditioners were produced. Most of the output was exported. In January 2012, HITACHI announced it would stop producing televisions in Japan. In September 2012, HITACHI announced that it had invented a long-term data solution out of quartz glass that was capable of preserving information for millions of years. In October 2012, HITACHI agreed to acquire the United Kingdom-based nuclear energy company Horizon Nuclear Power, which plans to construct up to six nuclear power plants in the UK, from E.ON and RWE for £700 million. In November 2012, HITACHI and Mitsubishi Heavy Industries agreed to merge their thermal power generation businesses into a joint venture to be owned 65% by Mitsubishi Heavy Industries and 35% by HITACHI. The joint venture named Mitsubishi HITACHI Power Systems (MHPS) began operations in February 2014.