Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Gas-insulated switchgear: Hitachi and WJCO set up joint venture  Join our daily free Newsletter

MENAFN - Arab News - 09/05/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Arab News) Hitachi said it had reached an agreement with halla juffali managing director of wjco (walid ahmad juffali company limited) to establish a joint venture in the gas-insulated switchgear business.

hitachi will hold a 51 percent of equity in the new venture and wjco will hold a 49 percent share.

with an investment plan to construct a new manufacturing plant for gas-insulated switchgear to be located in jeddah the company will focus on operations for gas-insulated switchgear from design and manufacture through to assembly installation and sales as well as handling the entire process at substations from design through to procurement construction maintenance and other related operations.

there is a growing need for a variety of electric power transmission and distribution infrastructure in conjunction with increasing introduction of renewable energy in recent years in addition to expansion in demand for electric power in emerging countries and demand for renewal of aging transmission and distribution infrastructure in advanced countries.

in the middle east an increasing population and economic growth have underpinned a sharp increase in demand for electric power.

there is now an urgent need to bolster the power transmission and distribution infrastructure.

there is a particularly acute market need in saudi arabia but needs are compelling even on a global level for gas-insulated switchgear which plays a vital role in the field of electric power transmission and distribution.

demand is expected to expand even further going forward.

hitachi aims to expand its transmission and distribution business in the global market and to this end has already established operating companies to undertake manufacturing and engineering operations in atlanta suzhou shandong taichung jakarta and singapore as it continues to promote its global business development.

now in saudi arabia hitachi has partnered with wjco with which the company has a long-standing cordial relationship in making an agreement to establish a joint venture to undertake the power transmission and distribution business centered on gas-insulated switchgear.

since the 1970s hitachi has constructed numerous substations in the middle east mainly in the kingdom of saudi arabia and kuwait.

the juffali group has been contributing to the execution of hitachi's substation projects in the kingdom of saudi arabia since 1978 as a local cooperating partner.

the establishment of this joint venture will combine hitachi's technological capabilities with wjco's outstanding position in the saudi arabian market to provide highly reliable equipment and services.

looking ahead hitachi will mainly utilize its global production and engineering bases to answer the needs of countries and regions seeking to establish and expand their power transmission and distribution infrastructure by providing entire power-grid system solutions.


 


Arab News




  MENA News Headlines
 May 24 2015 - MSM30 index weighed down by weak activityMuscat Daily
(MENAFN - Muscat Daily) The general index of the Muscat Securities Market (MSM) inched down 0.12 per cent to close at 6375.43. With a total of 49 stocks traded on the bourse on Sunday the market ...

 May 24 2015 - Oman Fisheries posts 3rd straight annual lossMuscat Daily
(MENAFN - Muscat Daily) Oman Fisheries Co posted its third consecutive year of losses with its deficit widening to RO1.75mn for the financial year ended March 31 2015.  The company has ...

 May 24 2015 - The company has registered a loss of RO711,021 in the previous fiscal.Muscat Daily
(MENAFN - Muscat Daily) Bank Sohar has mandated Arab Banking Corporation as the sole book-runner and initial mandated lead arranger to arrange on its behalf a debut US$250mn syndicated term loan ...

 May 24 2015 - OPWP to sign deals today to develop Salalah power plantMuscat Daily
(MENAFN - Muscat Daily) Oman Power and Water Procurement Co (OPWP) the sole procurer of all new power generation and water desalination capacity in Oman will sign a number of agreements for phase two ...

 May 24 2015 - Team of researchers set to explore how UAE brands are perceived globallyKhaleej Times
(MENAFN - Khaleej Times) The University of Wollongong in Dubai (UOWD) is set to lead a global team of researchers into unchartered territory as they explore how brands from the UAE are perceived ...

 May 24 2015 - Cozmo Travel increases presence in UAEKhaleej Times
(MENAFN - Khaleej Times) The Ras Al Khaimah branch was inaugurated by Engineer Shaikh Salem bin Sultan bin Saqr Al Qasimi chairman of Department of Civil Aviation RAK. Dubai - Cozmo ...

 May 24 2015 - Sahara Centre revs up with performance car bike displayKhaleej Times
(MENAFN - Khaleej Times) Sahara Centre is currently hosting a nine-day sports car and motorcycle display from May 21 to 29 giving the regions petrol-heads the opportunity to encounter the very best. ...

 May 24 2015 - Candle lighting at RAKCONKhaleej Times
(MENAFN - Khaleej Times) 15 Emirati local nursing students and 11 international students lit their candle from the dean and the senior faculty of RAKCON. The Vice-Chancellor Dr S.G.M. Rao ...

 May 24 2015 - Cosmos launches new Sharp smart LED TVKhaleej Times
(MENAFN - Khaleej Times) Sharp Middle East conducted a Facebook competition to educate consumers about unique Cocoro Eye feature. Khushbu Gandhi receives an award at a ceremony at the Cosmos ...

 May 24 2015 - Dh246m water reservoir completedKhaleej Times
(MENAFN - Khaleej Times) The Dewa works according to its strategy which is a key component of Dubai Plan 2021." Dubai — The Dubai Electricity and Water Authority or Dewa has completed ...

more...


 






Google

Click to Apply

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help