Technip, in a consortium with Petrovietnam Technical Services Corporation (PTSC), has been awarded a engineering, procurement, construction and commissioning contract by PetroVietnam Fertilizer and Chemicals Corporation (PVFCCo). The project covers the revamping of the ammonia plant at the existing Phu My Fertilizer Complex, located in southern Ba Ria-Vung Tau Province, Vietnam.

The plant upgrade will increase the current ammonia output by 20% at the Phu My Fertilizer complex, using Haldor Topsoe technology. The ammonia will notably be used as feedstock for a new NPK plant and for the domestic market supply.

Technip’s operating centers in Rome, Italy; Kuala Lumpur, Malaysia and Ho Chi Minh City, Vietnam will execute the contract. The expanded ammonia plant will be brought into operation in the second half of 2017.

KK Lim, President of Technip in Asia Pacific, commented: "We are delighted to be working with PVFCCo again, having engineered and built the initial Phu My Fertilizer Complex which was successfully commissioned in 2004. This award reinforces our long lasting relationship and demonstrates the client’s continued confidence in Technip as a leader in the fertilizer sector which offers solutions based on the world reputed Haldor Topsoe process technology.”.

Jacobs Engineering Group Inc. has announced that it has been awarded an engineering, procurement and construction management (EPCM) contract from Celanese Corporation for the construction of a vinyl acetate ethylene (VAE) emulsions production plant at Jurong Island, Singapore.

Under the terms of the contract, Jacobs is responsible for the detailed engineering and design of the project; plus procurement of major equipment and management of construction services.  Company officials did not disclose the contract value.

With a VAE plant in Singapore, Celanese will broaden its network to better serve customers throughout the Asia-Pacific region, primarily in the higher-end applications of architectural coatings, building and construction, carpets, and paper industries.

Construction is expected to begin by mid-2015, and the unit is expected to begin production by second half of 2016. Upon making the announcement, Jacobs Group Vice President Kevin McMahon said, “We have an existing relationship with Celanese Corporation in the U.S., and we are delighted to expand this relationship into the Asia region. We look forward to leveraging our globally recognized EPCM experience to oversee this strategically important plant construction.”

Exida is very pleased to partner with Qingdao Moses in China , a high-tech enterprise that specializes in providing products and service of industrial automation process control system integration, DCS maintenance and operation, industry network information security protection as well as industrial data acquisition and transmission. Qingdao Moses in China is a member of both China Industrial Software Promotion Association (CISPA) and Subcommittee 4 on Industrial Control System Information Security of National Technical Committee124 on Industrial Process Measurement and Control of Standardization Administration of China (SAC/TC124/SC4), owner of ISO9001 certification.

With complimentary areas of expertise, networks and services offering, both companies will benefit from this agreement.

Qingdao Moses operates a sound management system, owns powerful technical staff, equips with advanced manufacturing and testing equipment and has passed the supervision and audit for successive years. Qingdao Moses provide products and service in fields of petrochemical, pipelines, metallurgy and papermaking from thirty provinces and autonomous regions of the country and receive high appraisal from the customers. Though Qingdao Moses have gained honor of the Automation in Petroleum and Chemical Industry Technology Award, the 2012 annual China Information Security Innovation Award and Excellent Solution Award, there still a long way to go.

Yokogawa Electric Corporation announces that it has drawn up Transformation 2017 (“TF2017”), a new mid-term business plan for growth, and will begin its implementation in fiscal year 2015.

In fiscal year 2011, Yokogawa drew up the Evolution 2015 mid-term business plan with the goal of becoming the global No.1 company in the industrial automation and control business, and based on this plan has striven to improve its profitability and financial strength by implementing growth strategies centering on the industrial automation and control business. As a result of the measures that have been undertaken to date, we generated record high operating income in fiscal year 2014 and have already achieved the sales target for fiscal year 2015, and are in a stronger financial position. However, the current level of profitability is not yet satisfactory and needs to be raised. In addition, as industries change and restructure worldwide in response to the IT revolution, we are seeing changes in our business environment and emerging new opportunities.

Under these circumstances, Yokogawa’s management has chosen to draw up the TF2017 mid-term business plan and will immediately begin its implementation. Based on this plan we will make investments to prepare for anticipated changes and set the stage for growth, and will improve profitability by restructuring our business to focus on customers, create new value, and maximize efficiency. TF2017 supersedes the Evolution 2015 plan.

The TF2017 plan is for a three-year period that will conclude with the end of fiscal year 2017, and is part of a long-term business framework that states Yokogawa’s goals for the next 10 years. Our efforts during the three-year period addressed by TF2017 will lay the foundation for future growth.

To ensure future growth, Yokogawa is committed to becoming more profitable. The specific targets for fiscal year 2017, the final year of the TF2017 plan, are to have a return on equity (ROE) of 11% or more and earnings per share (EPS) of 100 yen or more.

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