Hitachi Construction Machinery: Becoming a Wholly Owned Chinese Entity

Kazuyuki Motohashi

Chapter 8 in Global Business Strategy, 2015, pp 121-135 from Springer

Abstract: Abstract In 1995, Hitachi Construction Machinery Co., Ltd. (HCM) established a Chinese subsidiary, Hitachi Construction Machinery (China) Co., Ltd. (HCMC). Since then, the company has established close relations with the city of Hefei in the Anhui Province and has steadily built a strong business reputation of being a quality committed local firm. HCM’s operations in China began as a joint venture (JV) with a local, state-owned firm, Hefei Mining Equipment (Hefei Mining). Later dissolving this JV, HCM now operates as a wholly owned subsidiary. HCM’s China business is often cited as a successful example of a global business, although the road to acquiring that success was not often smooth and included negotiations with the JV partner and the creation of an internal management system.

Keywords: Market Share; Joint Venture; Foreign Firm; Foreign Capital; Local Firm (search for similar items in EconPapers)
Date: 2015
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DOI: 10.1007/978-4-431-55468-4_8

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