Proterial to increase production capacity of silicon nitride substrates for power semiconductors of electrified vehicles Proterial Ltd. (Proterial), formerly Hitachi Metals, Ltd., announced that the company and Proterial Ferrite Electronics, Ltd. (Proterial Ferrite Electronics) will jointly invest in additional production equipment of silicon nitride substrates. Poterial Ferrite Electronics will install machinery and equipment including electric ...

News  Updated at: 2023/02/13

Hitachi Metals simulates electrified vehicle drive motor output with high-performance ferrite magnet Hitachi Metals, Ltd. (Hitachi Metals) announced that it has optimized the design of its “NMF 15” high-performance ferrite magnet for electrified vehicle drive motors, and has confirmed in simulation that the NMF 15 can achieve an output with the same level of drive motors that use neodymium magnets. Neodymium magnates use neodymium, which is a...

News  Updated at: 2022/12/19

Hitachi Metals completes tender offer and will change company name to Proterial Hitachi Metals, Ltd. (Hitachi Metals) announced that the tender offer for its common stock that K.K. BCJ-52 had been conducting since September 27, 2022 was completed on October 25. Hitachi Metals' shares will be delisted, and the company will be recapitalized from Hitachi, Ltd. to a consortium led by Bain Capital. In conjunction with this capital restructuring, the c...

News  Updated at: 2022/11/01

Bain Capital tender offer for Hitachi Metals to begin in FY2022 Hitachi Metals Ltd. (Hitachi Metals) announced the latest information of its tender offer. The tender offer by a consortium led by Bain Capital is planned to be conducted in FY 2022. In addition, the company said that it is not aware of any significant issues with the procedures and actions under the Competition Law, and that it is not affected by the situation in Ukraine at this tim...

News  Updated at: 2022/04/28

Hitachi postpones commencement of tender offer for Hitachi Metals shares to fiscal year ending March 2023 Hitachi Ltd. (Hitachi) announced the commencement of the tender offer for common stocks in Hitachi Metals, Ltd. (Hitachi Metals) by K.K. BCJ-52 (Tender Offeror) will be postponed. It originally planned to commence the tender offer in late November 2021. However, not all countries’ competition law procedures and measures, conditions for the ...

News  Updated at: 2021/12/02

Hitachi to sell all its Hitachi Metals shares Hitachi, Ltd. (Hitachi) announced that it will transfer all Hitachi Metals, Ltd. (Hitachi Metals) shares it owns to a U.S.-Japan consortium that consists of Bain Capital, LP (Bain Capital, a U.S. investment fund), Japan Industrial Partners, Inc., and Japan Industrial Solutions Co., Ltd. The consortium, which is led by Bain Capital, will acquire the Hitachi Metals shares at a price of about JPY 820 bil...

News  Updated at: 2021/05/06

s common stock that Precise Products Holdings, Inc. (PPHD) had been conducting since December 7, 2020, on January 22, 2021. As a result, PPHD will become the largest shareholder of Owari Precise with 85.61% of voting rights as of the settlement date of January 29, 2021. Previous major shareholders, Hitachi Metals Ltd. and Toyota Motor Corporation, will no longer be major shareholders. Owari Precise has been listed on the second section of Nagoya ...

News  Updated at: 2021/01/23

Hitachi Metals establishes joint research organization with University of Oxford Hitachi Metals, Ltd. (Hitachi Metals) announced that it has signed an agreement with the University of Oxford based in the U.K. regarding the establishment of a joint research organization on amorphous ribbon and Ni-based superalloys. By integrating the metallurgical technologies held by the University of Oxford and the material development technologies of Hitachi Me...

News  Updated at: 2020/03/30

Hitachi Metals to strengthen metal 3D printing business On April 12, Hitachi Metals, Ltd. (Hitachi Metals) announced that on April 1, it would establish “AM Solution Center,” a new organization in the metal material business headquarters to strengthen its metal additive manufacturing (metal 3D printing) business. In addition to metal additive manufacturing, the company will be offering proposals in a wide range of molding fields such as powde...

News  Updated at: 2020/03/13

Hitachi Metals to restructure magnetic material business Hitachi Metals, Ltd. (Hitachi Metals) announced on October 29 that it will rebuild its magnetic material business. Profitability of the company’s magnetic material business deteriorated due to prolonged sluggish demand and escalated price competition in the electric vehicle magnet market, which led to impairment loss of about JPY 40 billion in the period April-September 2019. Hitachi Meta...

News  Updated at: 2019/10/31

Waupaca Foundry opens new facility in Ironwood Waupaca Foundry, Hitachi Metals group company, announced that it has opened its Ironwood operation in Michigan’s Upper Peninsula. The company’s expansion into the city of Ironwood is expected to generate an investment of USD 4.3 million and create 61 new jobs. The new facility will process iron castings produced at its Waupaca, Wisconsin plants. (From Michigan Economic Development Corporation rel...

News  Updated at: 2019/07/18

Hitachi Metals to strengthen EPB harness production capacity Hitachi Metals, Ltd. (Hitachi Metals) announced that it will strengthen global production capacity of its electric parking brake (EPB) harnesses. With the increasing number of models equipped with EPB due to the electrification of powertrain and control systems, the company will introduce a harness cable manufacturing facility at its plant in Hai Duong province, Vietnam as well as incre...

News  Updated at: 2019/05/27

Hitachi Metals and Fraunhofer IISB develop technology to enhance power density in on-board chargers On April 16 Hitachi Metals, Ltd. (Hitachi Metals) announced that the company and Fraunhofer Institute for Integrated Systems and Device Technology IISB (Fraunhofer IISB), the largest research institute in Europe, have jointly developed a technology to enhance the power density in the on-board charger (OBC) used in electrified vehicles. They have su...

News  Updated at: 2019/04/17

Hitachi Metals develops clad terminal for lithium-ion batteries Hitachi Metals announced that Hitachi Metals Neomaterial has developed a clad material created by processing an aluminum and copper (Al/Cu) clad material. Amid the trend towards enhanced environmental regulations in different countries with a view to reduce CO2 emissions, electric vehicles (EVs), plug-in hybrid vehicles (PHVs) and other electric vehicles are forecasted to rapidly bec...

News  Updated at: 2019/01/24

Hitachi Metals to withdraw from aluminum wheels business On December 17 Hitachi Metals, Ltd. (Hitachi Metals) announced that it will withdraw from the automotive aluminum wheels business. AAP St. Marys Corp. (AAP), a consolidated subsidiary of Hitachi Metals in the U.S., will be sold off to Kosei Aluminum Co., Ltd. as of March 1, 2019. Hitachi Metals will discontinue manufacturing of aluminum wheels at its Kumagaya Works in Japan by the end of Se...

News  Updated at: 2018/12/18

or the transportation and industrial markets, announced plans to expand by investing USD 4.3 million in an existing 50,000-square-foot facility in the city of Ironwood, Michigan. Waupaca Foundry was established in 1955 and is headquartered in Waupaca, Wisconsin. The company was purchased in 2014 by Hitachi Metals Group and has more than 4,500 employees at seven locations in the U.S. (From Michigan Economic Development Corporation release on Decem...

News  Updated at: 2018/12/18

Hitachi Metals develops next generation die steel for die casting DAC-i Hitachi Metals announced that it has developed next generation die steel for die casting DAC-i, using a newly installed 10,000-ton class free forging press in Yasugi Works (Shimane Prefecture). Compared with conventional JIS SKD61 or the Hitachi Metals' standard brand DAC, DAC-i has excellent high strength at elevated temperature and high toughness. By improving die life and ...

News  Updated at: 2018/10/23

Hitachi Metals develops new soft ferrite core material for electronic parts Hitachi Metals, Ltd. (Hitachi Metals) announced that it has developed a ML27D soft ferrite core material that contributes to the downsizing and energy-saving of automotive electronic parts, and will start mass production this month. When power is turned on in high-frequency ranges, core loss occurs. The company improved the core loss more than 30% in the range of 300 kHz ...

News  Updated at: 2018/10/10

Hitachi Metals turns rare earth maker Santoku into wholly-owned subsidiary Hitachi Metals, Ltd. (Hitachi Metals) announced on May 25 that it turned Santoku Corporation (Santoku), a Hitachi Metals' consolidated subsidiary making and selling rare earth materials, into a wholly-owned subsidiary on the same day. In April, in anticipation of the advancement of electrified vehicles, Hitachi Metals purchased about three fourths of the shares of Santoku,...

News  Updated at: 2018/05/28

Hitachi Metals develops high reliability antenna core material Hitachi Metals, Ltd. (Hitachi Metals) announced the development of a highly robust nickel-zinc (Ni-Zn)-based soft ferrite material called ND57S that has improved resistance to external stress and temperature changes. ND57S will be used as a core for automotive sensor antennas. Hitachi Metals will seek demand for the new material by highlighting its utility in size reduction and improv...

News  Updated at: 2018/01/26