Hitachi Rail Global has shifted its headquarters from Japan to the UK, a move that will enable the company to increase its workforce to 4,000 from the current 2,500.
The company aims to increase its revenues from €2bn to €3bn over the next few years.
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Hitachi Rail has also announced plans to appoint Alistair Dormer, the current head of Hitachi Rail Europe, as its new Global CEO, effective 1 April 2014 in order to boost the globalisation of the rail systems business.
Hitachi Rail Global CEO Alistair Dormer said: "Both the UK and Japan remain important as markets for Hitachi Rail, and with our train factory in the North East of England now under construction, we will work to realise our export potential from the UK, expanding into Europe and emergent markets."
The company will appoint Kentaro Masai as global COO, Shinya Mitsudomi as global chief strategy officer as well as other executives under the global CEO to develop and improve global strategies for the rail systems business.
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Hitachi Rail won contracts for £5.8bn worth Intercity Express Programme in 2012 and 2013, as well as turn-key equipment supply orders for an urban railway line construction project in Ho Chi Minh City, Vietnam.
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By GlobalDataThe size of rail systems market in Japan from 2009 to 2011 was around JPY18 trillion ($177.1bn) and is expected to increase to JPY20 trillion ($196.8bn) from 2015 to 2017.
