– Vince Cable, Business Secretary
This move demonstrates a huge vote of confidence in Britain, its workers and its rail industry from one of Japan's biggest businesses. It follows the company's announcement last year of 750 new jobs at their factory in Newton Aycliffe, which I was delighted to launch with [Transport Secretary] Patrick McLoughlin.
It's further testament to the Government's industrial strategy which is giving companies of Hitachi's stature the confidence to invest in the UK in an expanding rail sector, creating new jobs and increasing exports that will help sustain long-term economic growth.
Hitachi is moving its global rail headquarters from Tokyo to London. The move comes after the firm won a £1.2 billion deal to make the next generation of inter-city trains at its new factory in County Durham.
The new purpose-built factory in Newton Aycliffe is expected to be operational from 2015 with full production starting in 2016.
A total of 270 carriages will be manufactured at the new plant, enhancing the factory's ability to win lucrative rail contracts across Europe.ends 200853 MAR 14