Hitachi, LG in the eye of the water supply infrastructure

Hitachi Ltd. and South Korea, LG Electronics Inc. to undertake the water infrastructure in emerging countries through a joint venture to make sense of the October, the Japanese company said Monday The joint venture, LG, Hitachi water solutions co., originally to make and sell food, treat waste water from industrial facilities in South Korea and explore the rest of Asia business expansion, and the Middle East, The joint undertaking will be written ... with a capital of some ¥ 1.4 billion and owns 49% of Hitachi Plant Technologies Ltd, LG Electronics, the rest held by It in Seoul and will be on sales, based on EUR 5.3 billion to ¥ 2012 the company's fiscal year.Hitachi group projects revenues of this business of ¥ 200 billion in fiscal 2015 March 2016, double taxation, the 2010 through projects relating to the Water ... for the purpose of the line is expected to be important in the future, in the midst of growing concerns over Global Water shortages, it said.
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