Tag Archives: EUT

Jebsen tedrive Joint Venture Established to Bring tedrive Steering’s Advanced Steering Gear Technologies to China

SHANGHAI, Aug. 26, 2014 /PRNewswire/ — Jebsen Automotive Technik (JAT) and tedrive Steering are pleased to announce today plans to establish a 50:50 joint venture “Jebsen tedrive Steering Systems”. The joint venture aims to bring tedrive Steering’s advanced steering technologies to China. The new company will be formally registered by year-end in Shanghai, from where it will spearhead the localization of tedrive Steering’s full product range.

Top executives from Jebsen & tedrive Steering celebrating the creation of Jebsen tedrive Steering Systems at the signing ceremony in Germany.

Top executives from Jebsen & tedrive Steering celebrating the creation of Jebsen tedrive Steering Systems at the signing ceremony in Germany.

The new joint venture will draw on the operational knowledge and China-wide sales and service network of JAT and the technological expertise of tedrive Steering to satisfy the growing demand for high-quality automotive components in China. Jebsen tedrive Steering Systems will focus on supplying German-engineered steering systems, with plans to localize the manufacturing in China.

“As an established provider of advanced steering technologies to the global vehicle market, at tedrive Steering we are pleased to combine our strengths with those of Jebsen Automotive Technik in order to grow our business in China. With the support of JAT, we will develop the market for our innovative steering technologies in China and help the local automotive sector better serve its domestic and international customers,” said Pavel Gilman, Director, Corporate Strategy and in charge of founding the new joint venture with Jebsen.

tedrive Steering and JAT are confident of the continuing growth of China’s auto sector. Already the world’s largest automotive market, it grew almost 14% in 2013 according to the China Association of Automobile Manufacturers (CAAM), with 21.98 million vehicles sold. Sales for 2014 are expected to show a further 8 to 10% growth.*

With more than 60 years of experience, tedrive Steering is a global leader in the development, engineering and production of steering systems and components. Its product portfolio includes advanced steering technologies for all vehicle segments: from mechanical, hydraulic and electronic rack-and-pinion steering systems for passenger cars and light commercial vehicles to state-of-the-art recirculating ball steering gear technology for commercial vehicles and buses.

“Jebsen Automotive Technik and tedrive Steering are committed to ensuring that Jebsen tedrive Steering Systems develops into the high-quality leader in steering systems for China. By making full use of the nationwide Jebsen Automotive Technik sales and service network and leveraging synergies with our other market-leading joint ventures, we will be able to help tedrive Steering localize its innovative technology and support our OEM and Tier One customers with competitive system and component solutions at the same time,” Arnie Jensen, Director and General Manager of Jebsen Automotive Technik, also the board of director of the new joint venture said.

Jebsen Automotive Technik supports this market with three JVs: Mitec-Jebsen, which provides high-end engine balance shafts and gear set solutions; Jebsen-TCG Automotive Systems (Dalian), which manufactures high-performance variable oil and water pumps; and MSR-Jebsen Technologies, which produces precision machined components for powertrain customers in China.

About Jebsen tedrive Steering Systems

To be established in Shanghai in the fourth quarter of 2014, “Jebsen tedrive Steering Systems Co. Ltd.” will supply advanced steering technologies in China. It is a joint venture of tedrive Steering, managed by its holding company “Steering Systems Beteiligungsgesellschaft mbH” of Germany, a global leader in the development and production of advanced steering systems, and “Jebsen Automotive Technik Co. Ltd.”, a subsidiary of Jebsen Industrial.

About tedrive Steering

tedrive Steering is a specialised development partner and manufacturer of steering systems for the global vehicle market. The company with headquarters in Germany operates three plants in Wuelfrath and Chemnitz (Germany), and further production, sales and technical facilities in Istanbul (Turkey), Nabereznyje Chelny (Tatarstan, Russia) and Howell (Michigan, USA). tedrive Steering is a full-service provider in the field of steering technologies. The product portfolio encompasses rack-and-pinion steering and recirculating ball steering gear systems for all vehicle segments from small passenger cars to large trucks and buses. tedrive Steering sets the course, developing competitive high-performance steering technology for passenger cars and commercial vehicles, with its award winning iHSA® technology and lightweight steering solutions. For more information, visit http://www.td-steering.com.

About Jebsen Automotive Technik

Jebsen Automotive Technik Co. Ltd. (JAT), a subsidiary of Jebsen Industrial under the Jebsen Group, supports overseas component suppliers to localize their operations and business in China. It oversees Mitec-Jebsen as well as Jebsen-TCG Automotive Systems, which produces high-performance variable oil and water pumps, and MSR-Jebsen Technologies, which manufactures high precision components for powertrain system. The company continues Jebsen’s history as a leader in Greater China’s aftermarket spare parts and services since 1921. For more information, visit http://www.jebsenindustrial.com/JAT.

*[Source: http://www.reuters.com/article/2014/02/13/us-china-auto-sales-idUSBREA1C0DR20140213]

Photo – http://photos.prnasia.com/prnh/20140822/8521404727

SunWize Installs Independent Samoa’s Largest Solar System

— Project Designed to Mesh with Existing Electric Grid While Withstanding Extreme Weather Conditions and Providing a Clean, Reliable and Affordable Electricity Source

APIA, Independent Samoa, Aug. 26, 2014 /PRNewswire/ — SunWize Technologies, Inc., a leading provider of sustainable energy solutions, today announced that it completed the installation of a 546 kW solar electric system for the Independent State of Samoa. The project with Samoa’s power utility, Electric Power Corporation (EPC), is the country’s largest, reducing Samoa’s reliance on imported fossil fuels.

“For too long we have had to rely on expensive diesel from other countries for our electricity needs,” said Rapa J. Young, EPC’s solar project team leader. “This system is moving us closer to independence using clean, reliable solar energy.”

The complete solar electric system, financed by the Government of Japan through the Pacific Environment Community Fund, spans three separate sites on the two Independent Samoan islands of Savai’I and Upolu. The Salelologa community of Savai’I and the Tanugamanono community of Upolu house the ground-mount installations. A third site, Vaitele, Upolu, is home to an additional ground-mount installation and a solar canopy for equipment storage.

The project is SunWize’s third system in the region, having successfully installed 1.8 MW at the airport in nearby American Samoa in 2012 and a smaller system at the VA Hospital in Pago Pago. Leveraging industry experience from these projects, SunWize deployed best practices for overcoming the logistical and construction challenges involved in installing solar on the South Pacific islands.

“Our previous projects in American Samoa and Pago Pago required a solar electric system that could withstand 124-mile per hour typhoon force winds and corrosive ocean air. We applied similar design and engineering principals to the ground mount systems and the solar canopy while also ensuring seamless alignment with the existing electric grid. We’re thrilled to be providing Independent Samoa with a robust source of clean energy,” said David Kaltsas, SunWize’s President and Chief Operating Officer.

Using the American Samoa and Pago Pago projects as models, SunWize also implemented a control plan that will limit corrosion and extend the life of the system for 25 years.

The solar electric project created 10 jobs between August 2013 and February of this year and will create additional jobs for the ongoing operation of the system.

ABOUT SUNWIZE TECHNOLOGIES, INC.

SunWize sells, finances and builds sustainable energy systems for the public, private and residential sectors. For over twenty years, customers have selected SunWize to deliver sustainable energy solutions on time and within budget. Based in San Jose with offices in CA, NY, OR, HI and AZ, SunWize has deployed 100s of MWs of solar throughout the Americas.

For more information, visit www.sunwize.com.

POSCO E&C Initiates Carmichael Mine Development in Australia

SEOUL, South Korea, July 21, 2014 /PRNewswire/ — POSCO Engineering & Construction (CEO: Tae-Hyun Hwang) announced on July 18th that the company has signed an MOU on the 11th with India’s Adani Mining for the construction of standard-gauge heavy haul rail line that is to be used for the coal mining project in Galilee Basin Queensland, Australia.

POSCO E&C Initiates Carmichael Mine Development in Australia
POSCO E&C Initiates Carmichael Mine Development in Australia

Upon signing this MOU, POSCO E&C has become the priority bidder for the EPC of a 388km standard gauge rail, which is a project carried out by Adani Mining to connect Carmichael mine with Abbot Point export port, in Queensland.

Construction will begin in the first half of next year, after Adani Mining signing the final contract for EPC with POSCO E&C within this year. The completion of this railway will enable transport of 60 million tons of coal per year.

Adani Group, the parent company of Adani Mining and India’s largest integrated private power, port and infrastructure developer, currently operates power generating facilities with a total size of 9,240MW. It also owns Mundra Port in India, which is the biggest port of entry for coal in the world.

The area in which this railway will be constructed expects to create jobs for at least 10,000 people, and the state government of Queensland designated the target area as “strategic development area.” Since the route is designed for many parties including other mine developers to use the railway, this project matches the state government’s strategic infrastructure policies. Moreover, it is also expected to contribute greatly to the industrial development of Australia, which is the world’s biggest exporter of iron ore and coal.

Adani Group Chairman Gautam Adani said, “The rail project will lead to the opening of the Carmichael mine project which will deliver, in excess of 10,000 jobs, and will also provide vital opportunities for Australian Infrastructure development and contribute to energy security of India by lighting the lives of millions of Indians.”

Adani Mining CEO Jeyakumar Janakaraj said:  “I am delighted with the way the two teams worked together in a collaborative manner to get this binding agreement signed in a record time. This is the first major step towards finalising the Project’s construction contracts and we are proud to be associating with a partner of POSCO’s E&C standing. The binding agreement will enable us to develop a cost efficient rail solution and this relationship gives Adani access to Korean market, POSCO’s expertise and capital.”

“We’re happy to be participating in the rail infrastructure development project with Adani, and I’m sure we’ll produce excellent results if both companies display all the abilities to the utmost,” said POSCO E&C CEO Tae-Hyun Hwang. “This will be the biggest EPC project among the infrastructure projects we’re conducting in Australia. We’ll complete this project successfully by pulling together all our competences in construction, financing and procurement.”

POSCO E&C has experiences in many railway construction projects including the Busan-Gimhae Light Rail Transit and AREX (Incheon International Airport Railroad). The company’s participation in this project will further expand the opportunity for POSCO E&C to participate in upcoming projects by Adani Group as well as other railway projects in Australia.

Photo – http://photos.prnasia.com/prnh/20140721/8521404114