The EnerExpo that will be held from March 17 to 19 in Hanoi, Vietnam, is an international specialized exhibition for renewable and decentralized energy solutions of the global energy, power, and supplier industry, offering an attractive market platform for the first time. The list of exhibitors includes MWM (Germany), which will feature a booth in the German Pavilion, an initiative of the German Federal Ministry of Education and Research.
MWM is one of the world's leading suppliers of highly efficient and environmentally friendly energy systems. The company MWM, based in Mannheim, Germany, can draw on more then 135 years of experience in the development and optimization of internal combustion engines for natural gas, special gases, and diesel fuel.
With over 1,150 employees and 10 subsidiaries worldwide, the company focuses on ecologically progressive solutions for producing "clean energy".
"To this end, cutting-edge, high-performance products, services, and technologies have been developed for several decades for decentralized energy supply using gas and diesel engines," explains Dr. Ruprecht Lattermann, President and CEO of the wholly-owned subsidiary MWM Asia Pacific, headquartered in Singapore. Lattermann adds: "The output ranges from 400 to 4,300 kW for gas generator sets and from 780 kW to 2,455 kW for diesel generator sets."
MWM is active in four market sectors: in the cogeneration sector, natural gas is used for energy production, a field in which MWM is able to provide optimum solutions for individual applications with its gas engine systems. The rapidly growing special gas sector includes biogas and flammable gases emitted during industrial or mining applications or in the extraction of raw materials. The greenhouse segment covers systems for heating and supplying energy for greenhouses as well as the simultaneous fertilization of the plants using the filtered waste gas. Diesel engines continue to complement the gas engine systems.
MWM also provides worldwide customer service for the installation, servicing, and maintenance of systems. Furthermore, the Mannheim-based company offers courses at its own training center.
By participating in the EnerExpo 2010 in Hanoi, Vietnam, MWM intends to enhance its presence in the Vietnamese market and expand the basis for establishing long-term business relationships in one of the region's fastest-growing markets. See http://www.mwm.net for further information.
The long-established company MWM in Mannheim, Germany, is one of the world's leading system providers of highly efficient and eco-friendly complete plants for ecentralized power supply with gas and diesel engines. The company stands for the reliable, uninterrupted provision of electricity, heat, and cooling at all times and at any location. MWM has 1,150 employees around the globe.
Sunday, February 7, 2010
Saturday, January 30, 2010
PTT Chemical and GE sign gas turbine service agreement
PTT Chemical Public Company Limited, Thailand’s largest chemical producer and a regional leader in the petrochemical industry, has signed a service agreement with GE (NYSE: GE) in Singapore to ensure the long-term reliability of nine GE gas turbines at PTT Chemical’s site in Map Ta Phut Industrial Estate, Rayong Province, Thailand.
The 13-year Contractual Service Agreement (CSA) worth US$46.1 million or approximately Baht 1,521 million covers the supply of parts, repairs and field services for planned and unplanned outages for gas turbine-generators and accessory equipment, along with performance guarantees.
Veerasak Kositpaisal, President and CEO of PTT Chemical said, “Through this agreement, GE guarantees the continuing reliability and efficiency of the gas turbines, which improves our efficiency and security as well as enables us to maintain our petrochemical production schedule. The CSA also helps us to effectively manage our maintenance budget over the life of the agreement.”
“While we have received equipment orders from PTT Chemical in the past, this marks our first CSA with the company,” said Kovit Kantapasara., GE Energy Country Executive for Thailand and Indochina. “We hope to build on this agreement to provide similar services to other companies in the PTT Group.” Overall, GE has supplied more than 20 gas turbines to the petrochemical business of the PTT Group.
PTT Chemical is a diversified and integrated chemical producer offering a wide variety of petrochemical and chemical products. Its product portfolio includes ethylene and propylene, collectively called olefins, downstream derivatives such as Polymers and Ethylene Oxide and Ethylene Glycol, and oleochemicals. The company’s gas-based plants have a total annual capacity of 2,888,000 tons of olefins, making it Thailand’s largest olefins producer and the second largest in all of Asia.
GE is a diversified global infrastructure, finance and media company that's built to meet essential world needs. GE Energy is one of the world’s leading suppliers of power generation and energy delivery technologies providing integrated product and service solutions in all areas of the energy industry including coal, oil, natural gas and nuclear energy; renewable resources such as water, wind, solar and biogas; and other alternative fuels.
The 13-year Contractual Service Agreement (CSA) worth US$46.1 million or approximately Baht 1,521 million covers the supply of parts, repairs and field services for planned and unplanned outages for gas turbine-generators and accessory equipment, along with performance guarantees.
Veerasak Kositpaisal, President and CEO of PTT Chemical said, “Through this agreement, GE guarantees the continuing reliability and efficiency of the gas turbines, which improves our efficiency and security as well as enables us to maintain our petrochemical production schedule. The CSA also helps us to effectively manage our maintenance budget over the life of the agreement.”
“While we have received equipment orders from PTT Chemical in the past, this marks our first CSA with the company,” said Kovit Kantapasara., GE Energy Country Executive for Thailand and Indochina. “We hope to build on this agreement to provide similar services to other companies in the PTT Group.” Overall, GE has supplied more than 20 gas turbines to the petrochemical business of the PTT Group.
PTT Chemical is a diversified and integrated chemical producer offering a wide variety of petrochemical and chemical products. Its product portfolio includes ethylene and propylene, collectively called olefins, downstream derivatives such as Polymers and Ethylene Oxide and Ethylene Glycol, and oleochemicals. The company’s gas-based plants have a total annual capacity of 2,888,000 tons of olefins, making it Thailand’s largest olefins producer and the second largest in all of Asia.
GE is a diversified global infrastructure, finance and media company that's built to meet essential world needs. GE Energy is one of the world’s leading suppliers of power generation and energy delivery technologies providing integrated product and service solutions in all areas of the energy industry including coal, oil, natural gas and nuclear energy; renewable resources such as water, wind, solar and biogas; and other alternative fuels.
Friday, January 29, 2010
TTA & UMS Won Accolades for Good Corporate Governance from IOD
Thoresen Thai Agencies Public Company Limited (“TTA”) received an “Excellent” assessment rating from the Thai Institute of Directors Association (“IOD”) for its corporate governance practices, according to TTA President & CEO M.L. Chandchutha Chandratat.
“This is a highly valued testimony to TTA’s efforts to improve our corporate governance practices in line with the best publicly listed companies. We are very proud to receive an ‘Excellent’ rating from the IOD, which assessed more than 290 publicly listed Thai companies in 2009,” said M.L. Chandchutha.
Unique Mining Services Public Company Limited (“UMS”), the coal logistics subsidiary of TTA, received a “Very Good” rating from the IOD as part of the same assessment process.
A number of evaluation criteria were used based on the Organization for Economic Cooperation and Development (“OECD”) and the SET Principles of Corporate Governance, namely 1) The Rights of Shareholders, 2) The Equitable Treatment of Shareholders, 3) The Role of Stakeholders, 4) Disclosure and Transparency, and 5) The Responsibilities of the Board.
“This assessment strongly reflects TTA’s accomplishments in developing a good governance framework. It also highlights our strong Board leadership, professional management and effective partnerships with our stakeholders,” said M.L. Chandchutha.
“TTA and UMS are determined to uphold good corporate governance principles and high professional management standards. Our corporate governance framework is an integral part of our goal to further develop a top-performing diversified business group and ensure the delivery of good long-term returns to our shareholders,” affirmed M.L. Chandchutha.
About TTA
Thoresen Thai Agencies Public Company Limited is amongst the top 50 companies listed on the Stock Exchange of Thailand with high trading liquidity. Its investment strategy is to grow through a diversified business portfolio of transport, energy, and infrastructure assets, both domestically and internationally. TTA is recognised as a leader in the dry bulk shipping industry. The company has also expanded its investment into other business areas, such as offshore services through Mermaid Maritime Public Company Limited, fertilisers and logistics through Baconco Co., Ltd., and coal-related businesses through Merton Group (Cyprus) Limited and Unique Mining Services Public Company Limited.
“This is a highly valued testimony to TTA’s efforts to improve our corporate governance practices in line with the best publicly listed companies. We are very proud to receive an ‘Excellent’ rating from the IOD, which assessed more than 290 publicly listed Thai companies in 2009,” said M.L. Chandchutha.
Unique Mining Services Public Company Limited (“UMS”), the coal logistics subsidiary of TTA, received a “Very Good” rating from the IOD as part of the same assessment process.
A number of evaluation criteria were used based on the Organization for Economic Cooperation and Development (“OECD”) and the SET Principles of Corporate Governance, namely 1) The Rights of Shareholders, 2) The Equitable Treatment of Shareholders, 3) The Role of Stakeholders, 4) Disclosure and Transparency, and 5) The Responsibilities of the Board.
“This assessment strongly reflects TTA’s accomplishments in developing a good governance framework. It also highlights our strong Board leadership, professional management and effective partnerships with our stakeholders,” said M.L. Chandchutha.
“TTA and UMS are determined to uphold good corporate governance principles and high professional management standards. Our corporate governance framework is an integral part of our goal to further develop a top-performing diversified business group and ensure the delivery of good long-term returns to our shareholders,” affirmed M.L. Chandchutha.
About TTA
Thoresen Thai Agencies Public Company Limited is amongst the top 50 companies listed on the Stock Exchange of Thailand with high trading liquidity. Its investment strategy is to grow through a diversified business portfolio of transport, energy, and infrastructure assets, both domestically and internationally. TTA is recognised as a leader in the dry bulk shipping industry. The company has also expanded its investment into other business areas, such as offshore services through Mermaid Maritime Public Company Limited, fertilisers and logistics through Baconco Co., Ltd., and coal-related businesses through Merton Group (Cyprus) Limited and Unique Mining Services Public Company Limited.
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