MHI Establishes JV With EGAT, In Thailand
Mitsubishi Heavy Industries (MHI) has completed an agreement with the Electricity Generating Authority of Thailand (EGAT) to establish a joint venture (JV) company to provide repair services for gas turbine components that are exposed to very high temperatures. The new company will be established in November 2009 and will target the launch of a service factory in 2012.
MHI's goal is to localize repair services in Thailand, where the gas turbine market has large growth potential. This location will shorten delivery times and extend service capabilities throughout the Asia region. EGAT has been looking for ways to reduce maintenance and repair costs while also striving to cultivate local engineers in this field in order to expand into other Asian markets.
The new JV will be known as EGAT Diamond Services, Co., Ltd. and as plans to build its repair plant in an industrial park near Bangkok. They will initially offer repair services for combustor parts and progressively expand its operations to include turbine blades.
MHI has delivered more than half of the larger sized gas turbines owned by EGAT and more than 20 units to Thailand.
For more information: www.mhi.com.jp