Hitachi Metals, Hitachi Cable to merge from April 2013

TOKYO Tue Nov 13, 2012 12:47am EST

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TOKYO Nov 13 (Reuters) - Hitachi Metals Ltd and Hitachi Cable Ltd announced on Tuesday that the two Hitachi Ltd subsidiaries will merge in April, creating a materials maker with interests ranging from automotive and electronics parts to fibre optics.

The merger will boost efficiency amid increasing market competition, the two companies said in a joint statement. (Reporting by Shinichi Saoshiro; Editing by Michael Watson)

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