Hitachi is to relocate its global rail business from Japan to the UK and make London its business headquarters.
The company says it plans to increase its UK staff from 200 currently to about 1,800 within two to three years and bid for contracts on HS2 and the re-tendering of rail franchises.
The company’s new £82m factory at Newton Aycliffe is expected to be fully operational by 2015. Hitachi will use the facility to build trains to run on the Great Western line and the East Coast main line. The company plans also to open maintenance depots.
Hitachi said in a statement that it has created the post of Global CEO of the rail systems business to further accelerate the globalisation of its rail systems business and that Alistair Dormer, executive chairman and chief executive officer of Hitachi Rail Europe, has been appointed to the role.