Bloomberg News

Hitachi Denies Report on NT$60 Billion Taiwan Parts Purchase

November 13, 2011

Nov. 14 (Bloomberg) -- Hitachi Ltd. denied a report in the Economic Daily News that it will buy NT$60 billion ($2 billion) of parts in Taiwan.

“The report is not true,” Hisahiro Sakai, a Tokyo-based spokesman for Hitachi, said by telephone today.

Hitachi will buy parts including flat panels from Taiwanese companies, the Chinese-language newspaper reported today, without saying where it got the information. Chimei Innolux Corp. and Compal Electronics Inc. are among companies that will receive orders from Hitachi, according to the report.

--Editors: Lena Lee, Anand Krishnamoorthy

To contact the reporter responsible for this story: Kazuyo Sawa in Tokyo at ksawa3@bloomberg.net

To contact the editor responsible for this story: Michael Tighe at mtighe4@bloomberg.net


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