| Recently, Hitachi Ltd. (Executive Officer President: | | | | continues to expand and improve the international |
| Zhuangshan Yue Yan hereinafter referred to as | | | | competitiveness of products, Hitachi group |
| Hitachi), Ltd. Hitachi Industrial ((Executive Officer | | | | companies and joint decision Wuxi tin pump set up |
| President: Sakamoto Japanese one, hereinafter | | | | in Wuxi City, the new joint venture. |
| referred to as Hitachi industry) Hitachi (China) Co., | | | | Joint venture plant in Wuxi New District broke |
| Ltd. ( Chairman: Tsukada fact, hereinafter | | | | ground, is expected be completed in June this |
| referred to as Hitachi China) and the pump | | | | year and begin to put into operation. Wuxi tin |
| manufacturer, Jiangsu, China - Wuxi Pump | | | | water pump has a strong production base and |
| Manufacturing Co., Ltd. tin (Chairman: He Baorong, | | | | sales aspects of urban water and wastewater |
| hereinafter referred to as Wuxi tin pump) | | | | resources of large industrial pumps; and the use |
| agreement, a joint venture set up one for our | | | | of Hitachi's advanced technology products for the |
| water construction, urban water supply and | | | | domestic thermal power project in China using |
| drainage, provide large-scale thermal power | | | | low-lift pump system. The new plant put into |
| stations and other projects in the manufacture | | | | operation early, large circulating water pumps will |
| and sale of industrial pumps based joint venture - | | | | be the focus for production. Since then, the |
| Hitachi Pump Manufacture (Wuxi) Co., Ltd.. This is | | | | introduction of production technology, while Hitachi |
| the Hitachi Group established the first-order mode | | | | and gradually expand the production facilities; |
| in the overseas production of large industrial | | | | ultimately large-scale thermal power boiler to the |
| pumps production base. | | | | drainage pump high lift production. At the same |
| In recent years, in order to address the rapid | | | | time gradually expanding export business, a way |
| development of industrialization and urbanization | | | | to expand the business scale of the entire |
| caused by power shortages, severe water | | | | enterprise sales increase profits. |
| shortage problem in North China, China has | | | | The future, Hitachi Group and Wuxi tin pump will |
| gradually carried out a power station construction, | | | | be a joint venture for the production base, |
| the South and a series of improving the social | | | | efforts to expand the buying and selling market in |
| infrastructure projects. As a result, large industrial | | | | China to enhance international competitiveness of |
| pump market demand increased significantly, the | | | | products, the ultimate success of the international |
| competition for buying and selling market in China | | | | markets. |