Japanese electronics company Hitachi will create a new president position for China and Asia Pacific region, based in Beijing, aiming to expand its business in emerging markets in Asia Pacific.

The new position will be held by Kazuhiro Mori, current executive vice president and head of the group's global business.

According to reports in Chinese local media, the company plans to adopt a new operating system from April 1, 2012, by dividing its businesses into five groups, including information communication systems, infrastructure systems, power systems, construction machinery, and high-performance materials.

Hitachi said that it aims to increase its operating revenue by 60% to CNY160 billion, which is about USD25 billion, in China in the next five years.

China has become the largest overseas market for Hitachi. By the end of its financial year ended March 2011, its operating revenue in China reached CNY99 billion, accounting for about 13% of its total revenue. Hitachi predicted that China's demands for railway system, fossil fuel plant, ATMs, water supply systems, and other infrastructure projects will further increase in the future.


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