Hitachi Metals, Ltd. has merged its Finemet Business Development Office and Metglas Business Development Office, which were the soft ferrite business divisions of its Information System Components Company, to form the new Soft Magnetic Materials Company. In addition, the OE Device Division was merged into the Information System Components Company.
The resulting concentration of Hitachi Metals’ management resources, including soft magnetic materials and information communication component materials and components, will strengthen its businesses and promote expansion. With this added strength as the leading manufacturer in the field of magnetic materials, Hitachi Metals will be able to provide its customers with a broad range of alternatives and support.
Hitachi Metals has restructured its business portfolio for growth. The Company is continuously strengthening its information communications and digital consumer electronics, industrial equipment and next-generation automotive businesses, as well as its magnetic materials business, for which worldwide growth is forecast.