ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronEye IconIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailMenu BurgerPositive ArrowIcon PrintIcon SearchSite TitleTitle ChevronIcon Twitter
Companies

Hitachi wins Taiwan order for 600 train cars

$1.4bn deal accounts for nearly half of planned fleet upgrade

A train using Japan's shinkansen bullet train technology approaches a platform in Taiwan. Hitachi will supply train cars as Taiwan updates its aging rolling-stock fleet.
A train using Japan's shinkansen bullet train technology approaches a platform in Taiwan. Hitachi will supply train cars as Taiwan updates its aging rolling-stock fleet.   © Reuters

TOKYO -- Hitachi has received an order valued at about 44.3 billion New Taiwan dollars ($1.44 billion) to deliver about 600 train cars to Taiwan starting in 2021.

The Japanese manufacturer on Tuesday inked the contract with the Taiwan Railways Administration, which manages the island's train network. The deal calls for 50 trains of 12 cars each -- nearly half of the planned fleet overhaul the government announced in 2015.

The rolling stock will be built in Japan, including at a plant in the southwestern prefecture of Yamaguchi, and shipped to Taiwan, where they are slated to begin operating in 2021.

Hitachi entered the Taiwanese railway market in the 1960s. Major projects in the last two decades have included providing a shikansen bullet- train operation system as part of a consortium of Japanese companies in 2007, and supplying electrical substations in 2017.

The company's railway business generated 562.7 billion yen ($5.18 billion) in sales in the year ended March, with Europe accounting for more than half of the total. It targets annual sales growth of more than 10% in Asia, looking to win orders in Southeast Asia and Australia.

Taiwan's railway authority unveiled in 2015 a 10-year plan to buy more than 1,300 new train cars. Related businesses around the world consequently sharpened their focus on Taiwan, and have been marketing their mainstay offerings.

Hitachi's compatriot Toshiba announced on Tuesday an estimated 7 billion to 8 billion yen order for electric systems for 520 train cars on a Taiwan commuter-rail network, with plans to start delivery this year.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this monthThis is your last free article this month

Stay ahead with our exclusives on Asia;
the most dynamic market in the world.

Stay ahead with our exclusives on Asia

Get trusted insights from experts within Asia itself.

Get trusted insights from experts
within Asia itself.

Get Unlimited access

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this month

This is your last free article this month

Stay ahead with our exclusives on Asia; the most
dynamic market in the world
.

Get trusted insights from experts
within Asia itself.

Try 3 months for $9

Offer ends June 30th

Your trial period has expired

You need a subscription to...

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers and subscribe

Your full access to the Nikkei Asian Review has expired

You need a subscription to:

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers
NAR on print phone, device, and tablet media