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Information contained in this news release is current as of the date of the press announcement, but may be subject to change without prior notice.
October 8, 2015
Contribute to safe and comfortable urban development
Tokyo, October 8, 2015 --- Hitachi, Ltd. ("Hitachi", TSE:6501) and Hitachi Infrastructure Systems (Asia) Pte. Ltd. ("Hitachi Infrastructure Systems (Asia)") today announced that Hitachi Infrastructure Systems (Asia) has received an order worth approximately S$80 million (7 billion JPY), to provide security and building facilities systems for Singapore's Northpoint City.
Located in the heart of Yishun and managed by Frasers Centrepoint Limited, one of Singapore's largest listed property companies, Northpoint City is the latest addition to the increasing integrated developments in Singapore's suburbs - under a programme to rejuvenate housing estates and inject vibrancy into community living through the integration of commercial and residential buildings. Slated for completion in 2018, Northpoint City will house a 920-unit condominium, a large shopping mall in the north of Singapore, and a transport hub among others to create seamless connectivity and greater accessibility for residents.
Under the contract, Hitachi Infrastructure Systems (Asia) will provide a comprehensive range of products and services to Northpoint City fundamental to creating a safe and comfortable heartland for Yishun residents. Hitachi Infrastructure Systems (Asia) will be in charge of design, fabrication and delivery of physical security system, such as Hitachi's monitoring camera system and storage system for recorded camera images. Hitachi will also provide engineering, procurement and construction (EPC) services for air-conditioning ventilation, electricity, fireproof and power transformation equipment for all facilities under Northpoint City.
As the regional headquarters for Hitachi's infrastructure systems business in Southeast Asia (SEA), Hitachi Infrastructure Systems (Asia) offers a total solution package as well as over 40 years of proven track record in providing building facilities systems in Singapore and this region. These provided great confidence to Lum Chang Building Contractors Pte Ltd., the main contractor of this project, to award the project to Hitachi Infrastructure Systems (Asia).
Hitachi Infrastructure Systems (Asia) aims to expand its business in security systems such as monitoring camera and entrance/exit management systems in addition to building facilities systems. This project for Northpoint City marks a major step forward in bringing Hitachi's internationally acclaimed security systems to the SEA market. Hitachi will contribute to urban development projects in Singapore and SEA countries by providing total solutions utilizing information and communications technology (ICT).
|Order source||Lum Chang Building Contractors Pte Ltd.|
|Order detail||Security system of whole area [design, fabrication and delivery of Monitoring camera system and storage system for recorded camera images, etc.] as well as engineering, procurement and construction of air-conditioning ventilation, electricity, fireproof and power transformation equipment of whole project|
|Scheduled delivery date||September 2018|
|Order amount||Approximately 80Million Singapore dollars (Approximately 7Billion JPY )|
This is large complex development project in Northern Singapore, which will be the largest scale shopping mall having accommodations in Singapore. In the shopping mall, several community facilities such as garden, library, nursery school, etc. will be built in the shopping mall. Also, it will be integrated to fully air-conditioned bus terminal and being directly linked to Yishun station with underground passageway, commercial facilities, accommodations and comprehensive transportation network will be connected seamlessly. Northern Singapore will have improved access to central area by new MRT line; Thomson Line to be opened in 2019 and it is a hot place as an attractive living area co-exiting with nature where new development project is being planned.
|Owner||Frasers Centrepoint Limited|
|Address||Yishun Avenue 2/Yishun Centre 1, Singapore|
Bus terminal, Commercial facilities, Parking lot:Basement 2-storey
Appearance Images (Provided by Frasers Cernterpoint Limited)
Hitachi, Ltd. (TSE: 6501), headquartered in Tokyo, Japan, delivers innovations that answer society's challenges with our talented team and proven experience in global markets. The company's consolidated revenues for fiscal 2014 (ended March 31, 2015) totaled 9,761 billion yen ($81.3 billion). Hitachi is focusing more than ever on the Social Innovation Business, which includes power & infrastructure systems, information & telecommunication systems, construction machinery, high functional materials & components, automotive systems, healthcare and others. For more information on Hitachi, please visit the company's website at http://www.hitachi.com.