Trains For America

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UPDATE 2-Hitachi aims to double railway business in 6 years | Reuters

TOKYO, March 29 (Reuters) – Hitachi Ltd (6501.T), Japan’s largest electronics maker, said it aims to double sales from its railway-related businesses in six years by tapping growing demand overseas, sending its shares four percent higher.

The company is stepping up overseas marketing efforts as emerging nations such as China and Brazil, as well as advanced economies including Britain and the United States, plan to build high-speed railway systems as environmentally friendly alternatives to air and road travel.

UPDATE 2-Hitachi aims to double railway business in 6 years | Reuters.

Filed under: International High Speed Rail

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