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 oflectric 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
 Apr 29 2016 - Qatar- El Jaish aim to dethrone LekhwiyaThe Peninsula
(MENAFN - The Peninsula) Lekhwiya players lift the Qatar Cup trophy in this May 2 2015 file picture. Doha: El Jaish will be looking for a repeat of their 2014 Qatar Cup success when they ...

 Apr 29 2016 - Qatar Cup Trophy Tour stops at OoredooThe Peninsula
(MENAFN - The Peninsula) Doha: The Qatar Cup tour made its final stop at Ooredoo the official telecom partner of the Qatar Cup 2016. Staff and management took an opportunity to take photos and ...

 Apr 29 2016 - Al Rayyan rally to win Qatar Cup titleThe Peninsula
(MENAFN - The Peninsula) Al Rayyan SC players and officials celebrate while receiving the Qatar Cup after they beat El Jaish SC 21-25 25-18 25-17 32-34 18-16 in the final played at Ali Bin Hamad Al ...

 Apr 29 2016 - Qatar- Emir Cup: Al Kharaitiyat Al Gharafa earn thrilling wins to advanceThe Peninsula
(MENAFN - The Peninsula) Al Sailiya’s Abdurahman Al Harazi (left) celebrates after scoring the first goal for his team during their Emir Cup third round match against Al Wakrah SC at Al Arabi ...

 Apr 29 2016 - Steinmeier doubts Trump's 'America first' planThe Peninsula
(MENAFN - The Peninsula) German Foreign Minister Frank-Walter Steinmeier gestures during a joint press conference with Portuguese Foreign Minister Augusto Santos Silva (not seen) after their meeting ...

 Apr 29 2016 - Qatar- Met predicts a hot day with some cloudsThe Peninsula
(MENAFN - The Peninsula) Doha: The weather forecast for Qatar valid until 6pm Thursday inshore will be hot during the day with some clouds offshore will be hazy to misty at places and partly ...

 Apr 29 2016 - Qatar key to boosting Turkey-GCC tiesThe Peninsula
(MENAFN - The Peninsula) Emir H H Sheikh Tamim bin Hamad Al Thani met Turkey’s Prime Minister Dr Ahmet Davutoglu and his delegation at the Emiri Diwan yesterday. They discussed relations ...

 Apr 29 2016 - Qatar- Emir welcomes King Mohammed of MoroccoThe Peninsula
(MENAFN - The Peninsula) Emir H H Sheikh Tamim bin Hamad Al Thani welcomes King Mohammed VI of the Kingdom of Morocco and his delegation at Hamad International Airport. Doha: Emir H H Sheikh ...

 Apr 29 2016 - Qatar eyes 'best of the best' turf for 2022The Peninsula
(MENAFN - The Peninsula) A worker tends to grass being grown at a research and development centre in Murakh to find the best playing surface for FIFA 2022 yesterday. Doha: Watching grass grow ...

 Apr 29 2016 - Qatar discusses WTD eventsThe Peninsula
(MENAFN - The Peninsula) Doha: Qatar Tourism Authority (QTA) yesterday held a meeting with UN World Tourism Organisation (UNWTO) to discuss Qatar’s preparations to host World Tourism Day 2017. ...

 Apr 29 2016 - Qatar- Premier meets EU Counterterrorism CoordinatorThe Peninsula
(MENAFN - The Peninsula) Doha: Prime Minister and Interior Minister H E Sheikh Abdullah bin Nasser bin Khalifa Al Thani yesterday met European Union Counterterrorism Coordinator Gilles de Kerchove ...

 Apr 29 2016 - Qatar- QU University of Illinois sign dealThe Peninsula
(MENAFN - The Peninsula) DOHA: An agreement signed between Qatar University College of Medicine (QU-CMED) and the Board of Trustees of the University of Illinois at Chicago (UIC) has established ...

 Apr 29 2016 - Qatar- AZF Ramadan Sports Festival from June 10The Peninsula
(MENAFN - The Peninsula) DOHA: Aspire Zone Foundation (AZF) has added cricket and rugby to its annual Ramadan Sports Festival which starts on June 10. The two-week event will end on June 24 (5-19 ...

 Apr 29 2016 - Qatar- First phase of mapping genetic code of citizens in final stageThe Peninsula
(MENAFN - The Peninsula) By Fazeena Saleem DOHA: The initial phase of an initiative to map the genetic code of citizens for better diagnoses and treatment of diseases in Qatar has reached the ...

 Apr 29 2016 - Qatar and Turkey sign security agreementThe Peninsula
(MENAFN - The Peninsula) Prime Minister and Interior Minister H E Sheikh Abdullah bin Nasser bin Khalifa Al Thani and other officials listen to Turkish Prime Minister Dr Ahmet Davutoglu at a meeting ...

 Apr 28 2016 - Qatar- Benzema suffers hamstring strain doubt for City returnThe Peninsula
(MENAFN - The Peninsula) Real Madrid's Karim Benzema in action with Manchester City's Jesus Navas.Darren Staples Madrid:Real Madrid striker Karim Benzema is a major doubt for the Spanish giants ...

 Apr 28 2016 - Qatar- Tottenham midfielder Dele Alli suspended for violent conductThe Peninsula
(MENAFN - The Peninsula) London: Tottenham midfielder Dele Alli will miss the last three matches of the season after accepting Thursday an FA charge for violent conduct. The FA charged the ...

 Apr 28 2016 - Dubai's GEMS Education to raise 250 million for expansionThe Peninsula
(MENAFN - The Peninsula) By Arif Sharif and Matthew Martin GEMS Education one of the world’s biggest operators of private schools raised a $250 million loan to build new schools in the ...

 Apr 28 2016 - Saudi Cabinet approves vast economic reform planThe Peninsula
(MENAFN - The Peninsula) Riyadh:The Saudi government on Monday approved a plan for vast economic reforms dubbed "Saudi Vision 2030" to substantially reduce the OPEC kingpin's reliance ...

 Apr 28 2016 - Saudi Arabia to sell less than 5 of Aramco create 2 trillion fundThe Peninsula
(MENAFN - The Peninsula) Al Arabiya interview. Riyadh:Saudi Arabia will sell shares in state oil giant Aramco and set up the world's largest wealth fund under a long-term economic reform plan the ...

more...


 






Google

 
 

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