Japanese giant Hitachi to invest in airport precinct

The NSW Premier Gladys Berejiklian has announced plans for Hitachi to invest in the Western Sydney Airport precinct.

President of the multinational conglomerate, Toshiaki Higashihara, joined the NSW Premier Gladys Berejiklian for a signing ceremony at Parliament House today.

It’s not the first time a global giant has shown support for the airport precinct after defence and aerospace company Northrop Grumman announced a $50 million investment in an advanced defence electronics maintenance and sustainment centre at the precinct.

The NSW Premier said the MOU with Hitachi was set up after they attended the NSW Government’s Aerotropolis Investor Forum in May, as well as a trade visit she made in Japan last year.

“The Aerotropolis is a highly attractive investment opportunity and Hitachi is keen to participate,” she said.

“Hitachi is one of the world’s largest companies operating across energy, construction, water and railway systems to defence, digital systems, healthcare technology and more.”

Minister for Western Sydney Stuart Ayres said agreements with Hitachi was another win for NSW which last month signed MOUs with Mitsubishi Heavy Industries and the Sumitomo Mitsui Financial Group.

“Getting these big Japanese multinationals with their global networks is a major step in our efforts to help develop industry precincts around Western Sydney Airport,” Mr Ayres said.

“Japan is NSW’s second largest trading partner and invested over $219 billion in Australia last year.

“The Aerotropolis will be a bustling 10,000-hectare economic zone creating a 200,000 jobs bonanza for the new world class Western Parkland City that is being developed in a joint effort between NSW, the Commonwealth and Local governments.”

Hitachi had revenues of US$88.4 billion last financial year and has a global workforce of 307,000 including over 3600 employees in Australia where it has a range of businesses including its national headquarters at North Ryde.