Mumbai, 16 July, 2014

Hitachi Home & Life Solutions (India) Ltd, the Indian arm of Japanese home appliances player Hitachi Appliance Inc, will shift its Jammu unit to its existing main unit near Mehsana in north Gujarat, the company stated.

Hitachi Home & Life Solutions (India) Ltd has informed BSE that : In order to maximize productivity, minimize / reduce operational costs so as to remain competitive in the market and for administrative convenience, the management of the Company has decided for centralization of production activity and hence as a policy decision it has decided to shift the entire Jammu unit along with manpower, plant and machineries to its main plant situated in Karan Nagar, Kadi, Dist.mehsana, Gujarat without adversely affecting the production capacity.

Hitachi Home shares gained on Tuesday after the announcement on Monday. The shares ended with a gain of over 9 per cent at Rs 293.55 on the Bombay Stock Exchange.