TOKYO, Oct 29 — Japanese multinational conglomerate, Hitachi Ltd, hopes to collaborate with more property developers in Malaysia and propose an integrated solution in energy saving technology and energy management system (EMS).
Chairman and Chief Executive Officer Hiroaki Nakanishi said the collaboration with Sunway Group, signed in March this year, had provided a better understanding to Hitachi on the development landscape in Malaysia.
“We are quite new in starting various businesses with Sunway Group and it has taught us a lot about current schemes for urban development, for example, the public private partnership (PPP),” he added.
A memorandum of understanding (MoU) with Sunway Group for a joint study on energy saving technology and EMS, will be implemented in commercial buildings, facilities and condominiums in townships owned or managed by Sunway, using Hitachi’s expertise in energy technologies.
“If there are opportunities to work with other developers, we have no hesitation to do so. We are willing to have an active relationship with them, so as to learn more about the industry,” he told reporters after delivering his keynote address at Hitachi’s Social Innovation Forum here, Thursday.
Earlier in his speech, Nakanishi said the company’s social innovation which is into its sixth year, will continue to create new value by achieving innovations through “collaborative creation” with a variety of partners, in the midst of on-going changes to society and business brought by the Internet of Things (IoT).
The forum also saw the transformation of the future business of Hitachi’s Social Innovation which emphasises a comprehensive solution as compared with the previous commodity products business.
Nakanishi said Hitachi is also willing to offer its expertise in other various sectors to Malaysia in its effort towards becoming a developed nation.
“ASEAN countries, including Malaysia, have been going through a lot of challenges and we would to like to contribute appropriate solutions, apart from energy,” said Nakanishi.
In the ASEAN region, Hitachi has a total of 140 companies with 30,079 employees. In Malaysia, it has 35 companies with 4,182 employees as of March 2015.
Commenting on the business prospects for Malaysia, he said there may be possible cooperation as Minister of Energy, Green Technology and Water, Datuk Seri Dr Maximus Ongkili often meets him.
“The minister has asked me why I don’t make more visits to Malaysia, just like how China has been doing (in terms of marketing),” Nakanishi said.
He indicated that Malaysia’s development is also an opportunity for Hitachi to further deliver innovations that answer society’s challenges.