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                      | GLOBAL HOME | UP | SEARCH |
                      News Releases from Headquarters

                      December 19, 2000
                      Launching Hitachi Maintenance Company
                      for Power Plant in Singapore
                      #
                      Hitachi, Ltd.(NYSE: HIT) (TSE: 6501), today announced the launch of a maintenance company 
                      in Singapore for power plants. This maintenance company, Asia Plant Maintenance Service 
                      Pte Ltd, is a joint-venture project amongst Hitachi, Ltd., Babcock-Hitachi K.K., Hitachi 
                      Asia Ltd. and Asia Project Engineering Pte Ltd (APECO). APECO deals in the construction 
                      and maintenance work of power plants for more than 30 years in Singapore.
                      
                      Mr Katsukuni Hisano is the Chief Executive Officer of Hitachi's Power & Industry Systems 
                      Group.  He said : "The formation of Asia Plant Maintenance Service Pte Ltd in Singapore 
                      is part of our expansion plans. With Singapore as our base, we hope to introduce our 
                      maintenance business for power plants to the other parts of the world."
                      
                      Privatization of the Power Industry has been taking place in many parts of the world.  In 
                      Singapore, privatization of power utilities has already begun. Also, the electricity pool 
                      market has been already started and electricity utilities will be fully privatized in 
                      April 2001. Hitachi understands that with tougher competition amongst the power producers, 
                      a more reliable, stable and efficient power plant operation is required.
                       
                      Hence, Hitachi wish to meet the market requirements by providing a comprehensive 
                      maintenance service package. This new maintenance strategy includes preventive maintenance 
                      service, engineering technical support, proposing rehabilitation and improving plant 
                      efficiency, etc. Currently, there is no company who provides such a comprehensive 
                      maintenance service package in Singapore. 
                      
                      Asia Plant Maintenance Service Pte Ltd is thus formed to meet these needs. We believe it 
                      will contribute to the Power Industry in Singapore. Some of its initial services include 
                      providing maintenance service such as engineering work, supplying of equipment and / or 
                      spare parts, maintenance work such as overhauling, etc. Eventually, it seeks to offer a 
                      complete range of comprehensive maintenance service works in the near future. Furthermore, 
                      it aims to offer this maintenance service to the other countries, with Singapore as its
                       base.
                      
                      About Hitachi, Ltd.
                      
                      Hitachi, Ltd.  headquartered in Tokyo, Japan, is one of the 
                      world's leading global electronics companies, with fiscal 1999 (ended March 31, 2000) 
                      consolidated sales of 8,001 billion yen ($75.5 billion*). The company manufactures and 
                      markets a wide range of products, including computers, semiconductors, consumer 
                      products and power and industrial equipment. For more information on Hitachi, Ltd., 
                      please visit Hitachi's Web site at http://global.hitachi.com. 
                      
                      About Hitachi Asia Ltd.
                      
                      Established in 1989, Hitachi Asia Ltd., a wholly owned subsidiary of Hitachi, Ltd., 
                      oversees the marketing, sales and procurement operations of Hitachi for Asia, excluding 
                      Japan. In addition to its regional headquarters (RHQ) in Singapore, the company has 20 
                      other subsidiaries and offices spread across 10 Asian countries. Hitachi Asia markets a 
                      wide variety of products including power and industrial systems, industrial systems and 
                      components, information systems and electronic components. 
                      
                      Hitachi Asia has more than 800 employees and its sales totalled more than S$5.1 billion 
                      (US$3 billion*) for the fiscal year ending 31 March 2000. For more information about 
                      Hitachi Asia, please visit its website at http://www.ahimma.com.sg.
                      
                      Outline of the New Company
                      Name:Asia Plant Maintenance Management Service Pte Ltd
                      Location:32 Penjuru Road, Jurong, Singapore
                      Managing Director:Toshiki Sugihara
                      Capitalization:S$500,000
                      Equity ratio:Hitachi Group: 30% (Hitachi, Ltd. 10%; Babcock-Hitachi K.K. 10%, Hitachi Asia Ltd 10%.), APECO 70%
                      Nature of Business:Maintenance Service for Power Plants (Plant Maintenance Service, Engineering, Procurement, etc.)
                      Establishment:December 2000

                      Outline of APECO
                      Name:Asia Projects Engineering Pte Ltd
                      Location:32 Penjuru Road, Jurong, Singapore
                      Managing Director:Toshiki Sugihara
                      Capitalization:S$1,500,000
                      Equity ratio:Babcock-Hitachi K.K. 40%, Others 60%
                      Nature of Business:Construction, Installation and Maintenance of Power Plant, Crane and other Industrial Plant
                      Establishment:June 1969
                      *At an exchange rate of 106 yen to the US$
                      *At an exchange rate of 1.7 S$ to the US$.
                      

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                      WRITTEN BY Corporate Communications Division
                      (C) Hitachi,Ltd. 1994,2000. All rights reserved.

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