21 June 2006 – Japan’s Yokogawa Electric Corporation has strengthened it sale of power plant control systems both at home and in foreign markets
The total value of its orders is believed to be over ten billion yen ($87m), including orders for systems for use at a liquefied natural gas (LNG) receiving terminal in the US, a petrochemical plant in China, and petroleum-refining facilities in the Middle East.
On Tuesday Yokogawa announced a plan to establish a subsidiary in Vietnam that will provide engineering and maintenance services and increase the competitiveness of its industrial automation and control business in this country, which is experiencing sustained rapid economic growth.
Yokogawa Electric has the largest market share for control equipment in Japan, and now the company is strengthening its foreign sales, geared toward large plants, given rising energy demands worldwide. The company aims to have the top spot in the world market in fiscal 2010.
Yokogawa Electric has received orders from abroad for integrated systems and operation terminals to control production at large plants.
It has received an order from Cheniere Energy Inc. for a control system for an LNG receiving terminal in Louisiana. The order is believed to value in the hundreds of millions of yen.
In China, the company has received an order from Dushanzi Petrochemical Co., which is a China National Petroleum Corp. firm, for a control system for a petrochemical plant. The order is believed to value about 2 billion yen.
In the Middle East, the company has received an order for a system upgrade from Saudi Aramco Shell Refinery Co. Yokogawa Electric will provide the company control system components for an upgrade project of petroleum refinery facilities that can process 300,000 barrels a day. The order is believed to value over 1 billion yen.