Top Page | English | 简体中文 | 繁體中文 | 한국어 | 日本語
Tuesday, 13 October 2009, 10:07 HKT/SGT
Share:
    

Source: Mitsubishi Heavy Industries, Ltd.
MHI to Establish Joint Venture in Thailand with EGAT for Maintenance Services of High-temperature Components of Gas Turbines

TOKYO, Oct 13, 2009 - (ACN Newswire) - Mitsubishi Heavy Industries, Ltd. (MHI) has concluded an agreement with the Electricity Generating Authority of Thailand (EGAT) to establish a joint venture company (JV) to provide repair services for gas turbine components that are exposed to very high temperatures. The agreement was signed in Bangkok on October 12. The new company, which will be established in November, will target the launch of a service factory in 2012.

The goals of the partners have meshed favorably. MHI's aim is to localize repair services in Thailand, where the gas turbine market is thought to have large growth potential, in order to enhance its services, including shortening of delivery times, and to extend its service capability throughout the Asia region, where sharp increases in demand are expected. EGAT, a major MHI customer, has been looking for ways to reduce maintenance/repair costs and also to cultivate local engineers in this field in an aim to expand into other Asian markets.

The new JV, to be known as EGAT Diamond Services, Co., Ltd., will be capitalized at approximately 600 million bahts, with EGAT, MHI, Mitsubishi Corporation and Ratchaburi Electricity Generating Holding PCL owning shares. The JV will build its repair plant in an industrial park near Bangkok and will initially offer repair services for combustor parts, and progressively expand its operations to turbine blades.

Gas turbines require inspection, maintenance and replacement of the parts that operate under very high temperatures at its annual periodical inspection. In tandem with expanded sales of gas turbines, demand for repair of these parts, which are vulnerable to severe damage due to very high temperatures, is increasing globally. In order to firmly capture the global demand, it has been essential for MHI to establish a service structure that are closely linked to local customers, including collaboration with major users, in each region - Americas, Europe/Middle East and Europe, and to satisfy market's needs, such as delivery time shortening, at the same time enhancing the level of services on offer.

MHI has delivered more than half of the large-size gas turbines owned by EGAT and more than 20 units to Thailand. As many gas turbine business opportunities are expected in the future in Thailand, the JV will be well positioned to pursue the collaborative merits of the two companies.

By further enhancing its technological expertise in maintenance and establishing an integrated follow-up structure from new delivery to after-sales service, through combination of the two companies' strength - EGAT's operational know-how as a power producer and MHI's technological expertise, going forward MHI will step up its aggressive marketing activities in expanding large-scale power generation system market in Thailand and other Asian countries.


Contact:
Mitsubishi Heavy Industries
Hideo Ikuno
h.ikuno@daiya-pr.co.jp
+81-3-6716-5277


Topic: Corporate Announcement
Source: Mitsubishi Heavy Industries, Ltd.

Sectors: Energy, Alternatives
http://www.acnnewswire.com
From the Asia Corporate News Network


Copyright © 2024 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.


Mitsubishi Heavy Industries, Ltd. Links

http://www.mhi.com

https://www.mhi.com/rss/

https://www.facebook.com/mhi.ltd/

https://twitter.com/MHI_Group

https://www.youtube.com/user/DiscoverMHI

https://www.linkedin.com/company/mitsubishi-heavy-industries/

Mitsubishi Heavy Industries, Ltd.
June 7, 2024 15:38 HKT/SGT
Mitsubishi Shipbuilding Holds Christening and Launch Ceremony of New LNG-Powered Roll-on/Roll-off Ship TRANS HARMONY GREEN in Shimonoseki
June 6, 2024 18:34 HKT/SGT
MHIEC Receives Order to Rebuild Waste-to-Energy Plant in Hodogaya Ward, Yokohama
June 6, 2024 11:20 HKT/SGT
MHI Thermal Systems Launches New "TEK Series" of Electric-Driven Transport Refrigeration Units for Small and Mid-Size Trucks
June 5, 2024 18:09 HKT/SGT
MHI and EGAT sign MoU to Introduce Hydrogen Large Gas Turbine Co-firing Technology in Thailand to Achieve Net Zero Goals
June 5, 2024 17:14 HKT/SGT
Mitsubishi Shipbuilding Receives Additional Order for 2 Units of LNG Fuel Gas Supply System (FGSS)
May 31, 2024 16:09 HKT/SGT
Mitsubishi Power to Supply Technology to Support Brazil's Largest Reliability Project
May 29, 2024 12:53 HKT/SGT
Hydrogen Engine Generator Set Ready for In-house Evaluation
May 27, 2024 12:35 HKT/SGT
Idemitsu Kosan, ENEOS, Toyota, and MHI Commence Study toward Introduction and Spread of Carbon-Neutral Fuels for Automobiles
May 23, 2024 15:01 HKT/SGT
MHI Thermal Systems Receives JSRAE Technology Award for "e-3D Scroll" Compressor
May 22, 2024 14:15 HKT/SGT
Mitsubishi Heavy Industries and NGK to Jointly Develop Membrane Dehydration Systems for Bioethanol and e-Methanol
More news >>
 News Alerts
Copyright © 2024 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Privacy Policy | Terms of Use | RSS
US: +1 214 890 4418 | Beijing: +86 400 879 3881 | Hong Kong: +852 8192 4922 | Singapore: +65 6549 7068 | Tokyo: +81 3 6859 8575

Connect With us: