Hitachi, Chengdu Xingrong Collaborate on Water Projects

Hitachi is to work with Chinese company Chengdu Xingrong Group on water projects in China.

The companies will set up a special-purpose firm next year and cooperate in areas such as building sewage treatment facilities.

Hitachi aims to increase its water business sales to ¥200bn ($2.4bn) by 2015 and expects to earn ¥20bn ($240m) in China alone.

The collaboration with the Chinese company will form the core of Hitachi’s strategy to meet its earnings target, according to japantimes.com.