Japan: Two for Hitachi

  • Share

Hitachi, Ltd., the Japanese electrical giant that is equally adept at making tiny transistor radios and huge hydroelectric generators, last week gave the U.S. electrical industry a stinging lesson in how to get U.S. Government contracts. Hitachi won a $612,659 contract to build two 4,500-h.p. hydraulic turbines for the Interior Department's Blue Mesa power plant in Colorado, and another $3,221,813 contract to supply eight pump turbines for a federal reclamation project in California's San Joaquin valley. It won the awards simply because its bids ranged from 5% to 41% lower than those of such competing U.S. giants as Allis-Chalmers and Newport News Shipbuilding & Drydock Co. Hitachi, whose sales in the past five years have increased 280% to last year's $1 billion, thus made an important advance in its drive to excel in highly industrialized markets.

Time.com on Digg

POWERED BY digg

Quotes of the Day »

WHITE HOUSE OFFICIAL, on a Nigerian man who tried to ignite an explosive device aboard a Northwest Airlines flight to Detroit Friday; officials say he wanted to bring the plane down but his attempt failed
For use in rail of Articles page or Section Fronts pages. Duplicate and change name as necesssary to distinguish.