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
 Dec 10 2016 - Saudi Oger debt plan hit by other creditor court movesMENAFN
(MENAFN) Sources said Saudi Oger's attempt to restructure around 13 billion riyals (USD3.5 billion) in debts have been dealt another blow after a second major creditor obtained a court order ...

 Dec 10 2016 - Qatar�s Dukhan project to be completed 95%MENAFN
(MENAFN) The Public Works Authority (Ashghal) announced completion of 95% of the project, the Dukhan Highway Central project will partly open to traffic from tomorrow, providing one-way exit to the ...

 Dec 10 2016 - Jordan to launch anti-corruption strategy for 2017-2025MENAFN
(MENAFN) According to the Jordan News Agency, Petra, Jordanian Prime Minister launched the "National Strategy for Integrity and Anti-Corruption 2017-2025", in pursuit of a national environment where ...

 Dec 10 2016 - Death of five in car crash: Court sentences three year jail and fineGulf Times
(MENAFN - Gulf Times) A Doha Criminal Court has sentenced a young man to three years in jail and imposed a fine of QR18,000 on him for reckless driving without a valid driving license, causing the ...

 Dec 10 2016 - Boating, water sports enthusiasts flock to QIBSGulf Times
(MENAFN - Gulf Times) The 2016 Qatar International Boat Show (QIBS'16), which concludes on Saturday, has been attracting both boating and water sports enthusiasts with a range of luxury boats, yachts ...

 Dec 10 2016 - Enter the winter: Room heaters, warm clothing sales pick upGulf Times
(MENAFN - Gulf Times) The demand for winter clothes and room heaters has started picking up in stores and hypermarkets as Qatar's residents start to feel the chill, especially at night, it is learnt. ...

 Dec 10 2016 - Qatar- HBKU to host information sessions for graduate studentsGulf Times
(MENAFN - Gulf Times) Hamad Bin Khalifa University (HBKU) will host a series of information sessions across its colleges from tomorrow until December 14. The graduate information sessions will ...

 Dec 10 2016 - Qatar- Strong winds, low visibility on SaturdayGulf Times
(MENAFN - Gulf Times) Strong winds are expected in most parts of the country on Saturday along with low visibility in some places and a cold night, the Qatar Met department has said. The weather ...

 Dec 10 2016 - Al-Muraikhi made UN humanitarian envoyGulf Times
(MENAFN - Gulf Times) Al-Muraikhi made UN humanitarian envoy QNA/New York UN Secretary General Ban Ki-moon on Thursday announced the appointment of Dr Ahmed bin Mohammed al-Muraikhi of Qatar as his ...

 Dec 10 2016 - Iraqi artist honoured at QCUK-sponsored awards ceremonyGulf Times
(MENAFN - Gulf Times) Qatar Charity UK (QCUK) was a title sponsor of Arab Women of the Year 2016, which honoured high achievers across a wide range of categories, including business, leadership, law, ...

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

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