Larsen & Toubro subsidiary L&T Hydrocarbon Engineering Limited (LTHE) has secured contracts worth INR11.7bn ($174M) across its various business segments.The business has won a lump-sum turnkey contract valued at INR3.55bn ($53M) from Indian Oil Corporation Limited (IOCL) for a coke drum system package including a 1.7M metric tonnes per annum delayed coker unit at its Haldia Refinery in West Bengal, India. Reliance Industries Limited has awarded another contract worth INR5bn ($74.4M) to L&T Hydrocarbon for its MEG, LDPE and CO shift & AGR shift of DTA units.LTHE has won an INR2bn ($29.7M) contract from Hindustan Mittal Energy Limited (HMEL) for composite mechanical works of its Low Cost Expansion Project and services for capacity expansion at Guru Gobind Singh Refinery, Bathinda. The scope of work involves the structural fabrication and erection, piping for multiple process units, tankage works, equipment erection, E&I works and shutdown works.The business has secured an order worth INR1.15bn ($17.1M) for an on-going project in Kuwait, which includes the fabrication of piping spools, to be supplied from L&T’s Kattupalli Yard near Chennai, and supply of static equipment to an Indian client from L&T’s Hazira Yard located in Gujarat.
BASF Shanghai Coatings has begun construction on a new €140M automotive coatings plant in Shanghai, China.The new plan, to be located at the company’s existing site at the Shanghai Chemical Industry Park in Caojing, will expand the existing automotive coatings plant, which started production in 2014.BASF’s president and chairman for Greater China Stephan Kothrade said: “With the expansion, we continue to invest in local production to get even closer to China’s automotive industry.“As the leading chemical supplier to the automotive industry, BASF will take an active role in developing this rapidly growing business, based on our local production network, innovative power and market knowledge.”The plant is expected to commence operation in the fourth quarter of 2017.
Gammon Construction, the Hong Kong-based joint venture of Balfour Beatty and Jardine Matheson, has secured an HKD4bn ($515.3M) contract from Taikoo Place Holdings for the redevelopment of Somerset House in Taikoo Place, Hong Kong.The project will include the redevelopment of Somerset House into a 48-storey office building on top of a two-storey basement, covering a total gross floor area of approximately 94,000sq m. It will also involve the construction of the associated walkways.The development will incorporate Building Information Modelling (BIM) to define the efficient approach to design, avoid programme and utility clashes, as well as enhancing environmental efficiencies.Gammon’s CEO Thomas Ho said: “We are delighted to have been selected by Swire Properties and to be involved with this landmark project.“Gammon’s advanced technological standards and expertise in building construction was critical for the award of this project.”Construction is set to start immediately with completion scheduled for 2018. The project will create 1,400 jobs during peak construction.
Gammon Construction has secured a HKD2.6bn ($335M) contract from Chinachem Group to build a residential project in Hong Kong.To be located at Tseung Kwan O Town Lot No. 93, the project will include the construction of six 12–18-storey residential towers, and five four-storey homes that together will provide 857 new homes.Gammon — a joint venture between Balfour Beatty and Jardine Matheson — will use a range of innovative approaches, such as aluminum formwork instead of traditional timber formwork for the tower structure and 3D scanning and Building Information Modelling (BIM) to assist with detecting construction programme clashes.Gammon’s CEO Thomas Ho said: “Our team is excited to work with Chinachem Group to deliver excellent and meticulous building works that will add to their impressive and diverse range of high-quality properties.“We are looking forward to the unveiling of this new phase of development in the Southern part of Tseung Kwan O.” Construction has recently started and the project is scheduled to be complete by the end of 2017.
Hydro projects of all stages continue to make Asia a growth sector, says Patrick Reynolds. Among the many hydropower projects in development in Asia, expansions are underway at the Baglihar scheme in India, the Tarbela dam in Pakistan, and Lamtakong Jolabha Vadhana pumped storage plant in Thailand.Also in Pakistan milestone progress has been achieved recently at Neelum Jhelum, and studies are advancing plans for Thakot and other projects in the Indus basin.A range of further supporting studies for hydro projects are underway in Nepal and Bhutan, respectively, and also Vietnam — including Lai Chai where works are advanced. A refurbishment project is in preparation for a key hydro scheme in Tajikistan.Nepal also has a focus on irrigation needs, including a wider examination of flood hazard risk.Himalayas/Central AsiaIndia: Baglihar-II The 450MW Baglihar-II project in Jammu & Kashmir, India, was inaugurated recently by Prime Minister Narendra Modi. Developed on the Chenab River, the project is the second stage of the Baglihar scheme and doubles the installed capacity at the site to 900MW. The Stage I plant was built over 2000-2008. Their joint output is expected to be approximately 4180GWh of electricity annually.Project developer is the Jammu & Kashmir State Power Development Corporation. Lahmeyer International — part of Tractebel Engineering, a division of ENGIE previously GDF Suez — is the Engineer-in-Charge of the Baglihar site, and since 1999 has had engineering responsibilities on both stages of the development.Contractor on both stages is Jaiprakash Associates. E&M supplier on Stage II are Voith Hydro and Andritz Hydro, and for Stage I were Voith Siemens and VATECH, respectively.Both stages are served by a 144.5m-high concrete gravity dam with an integrated overflow spillway. Each stage also features significant underground infrastructure. The intakes to both are located in the bank, immediately upstream of the dam.The stages have parallel diversion tunnels at the dam. The headrace tunnels also run together for most of their distance, and each has a 77m high surge shaft.The underground powerhouses of the two stages, each with 3 x 150MW Francis units, are close together — Stage II complex is located immediately upstream of the Stage I caverns. The cavern complexes are approximately 180m apart.Each powerhouse cavern is 50m high x 24m wide x 121m long; and, the transformer caverns are 24m high x 15m wide x 112m long. The caverns were excavated over 2011-2013.Downstream of each powerhouse complex are further underground works, located before the tailrace tunnels: the underground structures are ‘Collection Galleries’. For Stage I, the collection gallery is a single cavern; for Stage II, the system includes a lower gallery 20.6m high x 14m wide x 95m long, three 14m-wide riser shafts and a gate operating top gallery 9m high x 16m wide x 57m long.The tailrace tunnels are different, too — Stage I is short (130m), high (29m) and flow is free-flowing; Stage II is a 350m-long, 10m-diameter pressurised tunnel.Other projects on the Chenab that Lahmeyer has worked on include Sawalkote, Ratle and Pakal Dul.Separately, in Himachal Pradesh, Lahmeyer recently provided consultancy services for the Thana Plaun project being developed on the Beas River by Himachal Pradesh Power Corporation. The 187MW scheme involves dam works and an underground powerhouse, and is expected to generate about 530GWh annually.Pakistan: Thakot Investigations are underway to prepare a feasibility study for the Thakot hydro scheme being developed on the Indus River by Pakistan's Water & Power Development Authority (WAPDA).Thakot is being developed as a project of at least 2GW, and is located immediately upstream of the existing Tarbela reservoir. It is part of a cascade of large hydro schemes planned to be built on the river, and upstream projects include 2.4GW Patan and 4.5GW Daimer-Basha.Lahmeyer is working with local partners on studies for the three WAPDA projects — Thakot, Patan and Daimer-Basha, respectively.The next project upstream from Thakot in the Indus cascade is Patan, and others being planned include Dasu and Daimler-Basha, which is 315km upstream of Tarbela dam.For the Thakot project, WAPDA is seeking to exploit a head of approximately 180m between Patan and Tarbela. Planning studies for Thakot are investigating options for either a single project or a few created as a small, intermediate cascade, says Lahmeyer. Thakot dam site is at a narrow section of the river, just downstream of Besham.At Tarbela itself, WAPDA is currently constructing the 4th Extension Project at the site to add 1410MW by June 2017 — an earlier deadline to an accelerated programme, announced in January. The extension will increase the installed capacity at Tarbela to 4888MW.Civils works on the 4th Extension Project are being executed by SinoHydro, and the E&M package is being supplied by Voith Hydro. Consultants working on the project are Mott MacDonald and Coyne et Bellier with subconsultants MM Pakistan and ACE Pakistan. The consulting team has also undertaken studies for the 5th Extension project.Tarbela was completed in the 1970s, and generating units have been added in phases up to the early 1990s.An earlier project for Lahmeyer was a feasibility study review for the high-head, 34MW Harpo scheme, on a tributary on the Indus. Separately from Indus developments, WAPDA noted the milestone progress achieved in underground works in February, with a key tunnel breakthrough on the 969MW Neelum Jhelum scheme. The project is to be commissioned over the second half of 2017. Contractor is Chinese consortium CGGC-CMEC. Consultants are Neelum Jhelum Consultants, which is a joint venture of MWH, Norplan, Nespak, ACE and NDC.Tajikistan: Qairokkum rehab ILF is providing consultancy services to national utility Barqi Tojik for the rehabilitation, uprating and safety improvements at Qairokkum hydro plant, in Tajikistan.The 66-year old plant on the Syr-Darya River is to have its capacity increased from 126MW to 174MW, and various E&M and civil engineering packages of works undertaken for the rehabilitation.The project is also to deliver dam safety improvements, the quality of electricity supply, and climate change resilience.ILF will provide services during procurement and construction phases, and commissioning.Funding support for the scheme has been given by the European Bank for Reconstruction and Development (EBRD).The bank also — along with the World Bank and European Investment Bank (EIB) — has given funding support to the related CASA-1000 transmission line project, which will help Tajikistan export hydropower to the Kyrgyz Republic, Pakistan and Afghanistan. Mott MacDonald has also carried out climate resilience studies on Tajikistan's water sector for the Asian Development Bank (ADB).Nepal Consultants Lahmeyer, Total Management Services (TMS), Entura and Manitoba Hydro International (MHI) are working across a number of water studies and projects in Nepal. The different contracts range from flood hazard studies and providing consultancy services to the Nagmati irrigation scheme and development of Tanahu hydro project, respectively.Lahmeyer is working with local partner TMS on flood hazard studies in 25 key river basins — including a focus of mitigation measures in six catchments — for the Ministry of Irrigation. The studies were due for completion in the first quarter of this year.The client division managing the task is the ministry's Water Resources Project Preparation Facility (WRPPF), which has ADB funding support to focus on urgent projects to mitigate both climate change impacts and ensure sustainability of food supply.Separately, the ministry and ADB have commissioned Entura as lead consultant for the initial services of investigations and updating the feasibility study of the Nagmati dam, near Kathmandu.Following consultancy services will include detailed design of the dam and reservoir operation regime, and assistance with procurement for the construction stage of the project to be built in the Bagmati river basin.In hydropower, development services for the 140MW Tanahu hydro project — the country's first large storage reservoir — are being provided by Lahmeyer with the support of MHI.The consultants were appointed to the project last year by the developer, Tanahu Power Ltd, a special project company established by the Nepal Electricity Authority (NEA) to build and operate the scheme.Tanahu is located on the Upper Seti River, and key infrastructure includes a 140m high gravity dam, chute spillway, underground powerhouse and associated tunnels. The reservoir will have a sediment flushing capability to help maintain the active storage volume.Bhutan The World Bank has appointed ÅF — a Swedish engineering and consulting company — to undertake an environmental and sustainability study of the 720MW Mangdechhu hydro project, currently under construction in Bhutan.ÅF is more than half way through the assignment on the Mangdechhu project being built in Trongsa Dzongkhag district in the centre of Bhutan.The run-of-river scheme is designed to operate under a minimum gross head of 344m, and includes significant dam and underground works: a 101.5m high concrete gravity dam, diversion tunnel, 13.5km long headrace, and powerhouse caverns.The consultant is due to report its findings to the bank and Bhutanese authorities before the middle of this year. The work is being conducted in accordance with the Hydropower Sustainability Assessment Protocol, which covers a wide range of areas, including climate change and human rights.The Mangdechhu scheme is being developed by Mangdechhu Hydroelectric Project Authority — a joint venture of the governments of Bhutan and India, the latter providing most of the finance. The project is due for completion in 2018, generating more than 2900GWh/year, and supplying power domestically and to India.In fiscal year 2006-7, India's NHPC entered into an agreement with the Government of Bhutan to prepare a detailed project report of the proposed scheme, then envisaged with a capacity of 672MW. Feasibilities studies for the scheme were supported by Japan and Norway.SE AsiaThailand: Lamtakong Jolabha Vadhana PS, Phase 2 ÅF is supporting the Electricity Generating Authority of Thailand (EGAT) on the extension project to double the capacity of the 500MW Lamtakong Jolabha Vadhana pumped storage plant.The underground plant has two pump-turbines in operation, and was initially commissioned in 2002. The 500MW expansion project at Lamtakong Jolabha Vadhana is due for completion in late 2018.Lamtakong Jolabha Vadhana is located in Nakhon Ratchasima province, was the first underground plant hydro facility in Thailand and remains the principal plant supplying power in the northeast provinces, says Electricity Generating Authority of Thailand (EGAT). Its upper reservoir is on Yai Tieng Mountain, and the powerhouse in 350m underground.Phase 2 of the project will add two further 250MW units, taking the total capacity of the PS plant to 1GW. Work at the plant is also to include installation of two circuits of 95km-long high-voltage transmission lines to connect with the Tha Lan 3 substation, in Saraburi province.ÅF signed a contract with EGAT to provide a range of services while the extension project is executed under by an engineering, procurement and construction (EPC) contractor.The consultant's services include design review, project management, engineering and field services through all stages of execution, including commissioning.Vietnam: Lai Chau HEP ÅF is also active in neighbouring Vietnam, where the consultant most recent began work on the supporting the implementation of the environmental and social action plan for the Lai Chau hydro project.The 1200MW Lai Chau project is under development on the Da River, in Lai Chau province, in the northwest of the country close to the border with China. Construction of the 131m high roller compacted concrete (RCC) dam at Lai Chau was completed in mid-2015.Lai Chau is being development by Electricity of Viet Nam (EVN). ÅF has already been working on the project as sub-consultant to Power Engineering Consulting JSC No1 (PECC1), a former subsidiary of EVN, and the assignment continues to 2017.ÅF was awarded the environmental and social action plan contract by Son La Hydropower Management Board (SLaMB). The board and ÅF worked together previously on the 2400MW Son La project, on the same river and also featuring a major, 138m high RCC dam. Son La was completed in early 2011.The environmental and social action plan contract for Lai Chau is funded by KfW, and ÅF is already working on another contract in Vietnam funded by the German development bank — gap analysis on environmental aspects of a smart grid transmission project. ÅF says the contract is similar to the objectives at Lai Chau by checking environmental and social due diligence, in this case for 6 x 220kV transmission lines.
Johnson Controls has established a joint venture with Binzhou Bohai Piston to construct a new $200M automotive battery manufacturing plant in China.To be located in Binzhou, Shandong Province, the new facility will be the company’s fourth battery manufacturing plant in the country.Once operational, the unit will be able to manufacture 7.5M batteries annually. Johnson Controls’ president for Asia Pacific region Trent Nevill said: "Johnson Controls remains committed to serving our customers wherever they are in the world with investments such as this manufacturing plant and joint venture, which brings our leading technologies and global best practices to China."Construction of the new plant is anticipated to commence in 2017, with production starting two years later. The unit will employ 650 people at its full capacity.
Dragages Hong Kong has chosen Nicolas’ MGD G2 SPE modules for the transport of pre-cast bridge elements for the Hong Kong-Zhubai-Macau bridge project in China.The Hong Kong-Zhuhai-Macau bridge project, with an estimated cost of $10.6bn, will connect Hong Kong to Zhubai and Macau — three major cities on the Pearl River Delta.The on-going development involves the construction of an offshore bridge and tunnel, the Boundary Crossing Facilities Island and link roads.The combined 22.9km-long bridge and 6.7km-long tunnel are expected to reduce travel times from Hong Kong to Macau and Zhugai from more than three hours to half an hour.According to Nicolas the MGD G2 SPE modules to be used in the project are in use all around the world under the toughest conditions — including in salty air, dusty environments and poor underground areas.Jannick Mathieu, Nicolas’ area manager sales at TII Sales, said: “With the second generation of this proven vehicle we provide the specifications the industry needs, no matter if we are talking about the impressive bending moment, a multitude of precise steering modes or the sturdiness and long-term reliability of the Nicolas MHD G2.”
Jacobs Engineering Group has won a services contract for the next stage of the $5.3bn Oyu Tolgoi underground copper and gold mine in Mongolia.The firm will be responsible for the provision of engineering, procurement and construction management (EPCM) services to implement the materials handling systems for the new underground mine and associated surface and underground infrastructure.The project, located in the south Gobi region of Mongolia, about 550km south of the capital Ulaanbaatar, is being delivered over a five- to seven-year period, with the first draw bell production from the underground mine expected in 2020.Jacobs’ president and CEO Steve Demetriou said: “We are very proud to be associated with what is a landmark project for Oyu Tolgoi, Mongolia and the global mining landscape.“The Oyu Tolgoi Underground Project is one of the largest mining projects worldwide. We are excited at the opportunity to contribute significant value to our client and the nation of Mongolia.”
A GMR Infrastructure-led consortium has secured an INR28.8bn ($432.2M) contract for the construction of a 221km road project in India.The stretch is part of the Eastern arm of the Dedicated Freight Corridor (DFC) project and will be executed on an engineering, procurement and construction (EPC) basis. The project, financed by World Bank, is split into two packages. The first package includes a 175km single line connecting Sahnewal and Pilkhani, passing through Uttar Pradesh, Haryana and Punjab, while the second package is a 46km double line corridor in Uttar Pradesh connecting Dadri and Khurja.Under the contract, the consortium will be responsible for the design and construction of civil, structures and track works for single and double lines.GMR Infra said that the two packages are anticipated to be complete in 44 and 36 months respectively.
Larsen & Toubro’s construction unit has secured contracts worth INR21.61bn ($323.9M) across various business segments.The firm’s transportation infrastructure business has won an INR8.47bn ($126.9M) design and construction contract from the Dedicated Freight Corridor Corporation of India.The contract, secured by L&T and Instalaciones Inabensa consortium, includes electrification works for the 417km section of the Eastern Dedicated Freight Corridor (DFC) from Mughalsarai to New Bhaupur in Uttar Pradesh, India.The work also involves the construction of seven traction sub stations, 18 switching stations, 881 track km of overhead equipment, SCADA and electrical and mechanical works along with the supply of all associated equipment. The company’s water and effluent treatment business has secured an INR7.09bn ($106.2M) engineering, procurement and construction (EPC) contract from the Gujarat Water Infrastructure. The scope of the work includes the design and construction of 146km of mild steel pipelines and 26km of ductile iron pipelines.The business has also won a contract from Rajasthan Urban Drinking Water Sewerage & Infrastructure Corporation Limited for the design, construction and commissioning of sewage treatment plants and sewage pumping stations along with sewer networks in Alwar, Sikar and Bhiwadi, in the Rajasthan state.The company’s power transmission and distribution business has secured EPC orders worth INR4.03bn ($60.3M) from Power Grid Corporation of India Limited for the construction of a 400kV double circuit transmission line package from Tumkur to Hiryur in Karnataka.The business also won a contract from Karnataka Solar Power Development Corporation Limited for the construction of 220/66kV substations along with the associated transmission line network.Additional contracts worth INR2.02bn ($30.2M) were awarded to the company’s metallurgical and material handling business from various ongoing jobs of this business.
Russian real estate development company LSR Group has begun construction on a new tram network in Krasnogvardeysky, St. Petersburg.The corresponding concession agreement was inked between the government of Saint Petersburg and Transportnaya Kontsessionnaya Kompaniya, a joint venture of LSR Group and Leader Investment Company. The overall project, including the upgrading of existing lines and the construction of a new tram network and its operation over the period of 30 years, is expected to cost RUB32.7bn ($488.6M).In particular, the construction and maintenance of the tram network will require an investment of RUB12.7bn ($189.7M).Construction work is expected to be complete in the fourth quarter of 2018.
The ATAL-Degremont-China Harbour joint venture has secured a HKD$3.14bn ($404M) contract from Hong Kong’s Drainage Services Department for the first phase of the San Wai Sewage Treatment Works (STW) upgrade.The project will use the latest sedimentation technology, which is more efficient than conventional clarifiers and requires less space, saving almost 40% of the land. It will also deploy the BIM technology to visualise the plant’s design with 3D images.Drainage Services Department director Edwin Tong said: “The project comprises the design and construction of sewage treatment facilities with a daily treatment capacity of 200,000cb m to cater for the projected additional sewage flow due to development needs in the Northwest New Territories after 2020.“The works will also upgrade the treatment level of the STW to the chemically enhanced primary treatment level with ultraviolet disinfection facilities for reducing pollution loads to the northwestern waters.”Upon completion of construction works in 2020, the joint venture will undertake the operation, repair and maintenance of the STW for a contractual operation period of 15 years.
The European Bank for Reconstruction and Development (EBRD) is providing a €294M loan to enhance natural gas storage and distribution in Kazakhstan.EBRD will provide €242M to Intergas Central Asia to enhance the gas storage to its full capacity of four billion cubic metres (bcm) from the current limit of 2.6bcm, and €52M to KazTransGas-Aimak for the expansion and modernisation of the natural gas distribution network in several regions of Kazakhstan. The improvement will allow the utility to connect new households and industrial customers to gas supplies, while reducing the current dependency on coal-generated electricity.EBRD’s president Sir Suma Chakrabarti said: “We have worked consistently with Kazakhstan on projects which develop the green economy. “Few approaches create such immediate progress as a switch to cleaner sources of energy. Gas is much cleaner than coal and helps to complement renewable energy.“We are very pleased to start our cooperation with KazTransGas and to continue our enhanced partnership with Kazakhstan with these two major steps towards a sustainable future.”
Dragages Singapore has secured a €100M contract for the construction of two condominium complexes in Singapore.The contract has been awarded by United Venture Development, a joint venture between UOL Venture Investments and Singland Homes.Designed by ADDP Architects, the project will include two 40-storey towers, 505 apartments and a total floor area of about 46,000sq m. Both towers will measure 140m in height.Dragages Singapore, a subsidiary of Bouygues Construction, will utilise a modular construction technique based on a reinforced concrete structure, which will enable the condominiums to meet the Singapore authorities’ stipulation that 65% of the towers’ superstructure must employ PPVC — Prefabricated Prefinished Volumetric Construction.Nicolas Borit, Bouygues Bâtiment International deputy CEO in charge of Asia-Pacific, said: “We are very proud that our customer, United Venture Development, has shown confidence in us and given us the opportunity to support them in carrying out this project in Singapore. “The experience in this market acquired by Dragages and the construction system chosen were decisive factors in winning this contract.”Construction work on the project is set to commence shortly and will last for three years, with handover scheduled for the end of the first half of 2019.
Toyota Motor has announced plans to construct a new JPY49bn ($445.5M) production plant in Malaysia.To be constructed in Klang, Selangor, the new facility will have a production capacity of 50,000 vehicles annually. The company believes that the facility is the next step in its efforts to develop competitive plants using the latest production technologies such as freely extensible lines and compact painting booths. Toyota’s managing officer Tatsuro Takami said: "This plant is another of our efforts to create new, competitive plants, following the decisions made last year to create a new plant in Mexico and a new line in China, and the opening of two new engine plants this year in Indonesia and Brazil. "In addition to introducing cutting edge production technologies, we will dedicate ourselves to developing the personnel who support the making of ever-better cars. By doing this, we will provide high quality vehicles to Malaysian customers through UMWT."
Hyflux and Mitsubishi Heavy Industries (MHI) consortium’s project company TuasOne Pte Ltd has secured project financing for TuasOne waste-to-energy plant in Singapore.The project company has secured a SGD653M ($472.7M) 27-year loan facility, which will be utilized to fund the development, its construction and start-up costs.The project financing is provided by DBS Bank, Malayan Banking Berhad Singapore Branch, Mizuho Bank Ltd and The Bank of Tokyo-Mitsubishi UFJ Ltd, which are the underwriters and book-runners for the facility.DBS Bank Ltd, Maybank Kim Eng Securities Pte Ltd, Mizuho Bank Ltd and The Bank of Tokyo-Mitsubishi UFJ Ltd were the lead arrangers in the project financing.
Korea Gas Corporation (KOGAS) has inked an agreement with Indonesia-based PT Perusahaan Daerah Pertambangan dan Energi South Sumatra to build a 363km gas pipeline.Under the $600M contract, KOGAS will construct a 245km gas pipeline in South Sumatra, Indonesia and another gas pipeline, measuring 118km, in Bali. It will also operate and provide the project’s maintenance services over a 30-year period.KOGAS aims to conduct a feasibility study and assess the results before making a decision whether to proceed with the project.Established in 1983 by the Korean government, KOGAS operates four LNG regasification terminals and 4,440km of natural gas pipelines in South Korea.
TCL subsidiary China Star Optoelectronics Technology (CSOT) is set to start construction on a Gen 11 LCD panel fabrication plant in Shenzhen, China.Expected to cost RMB50bn ($7.8bn) the facility will produce extra-large high-resolution flat panel displays targeting 45", 65" or even larger LCD TV markets.Upon completion, the new production line will exceed BOE’s Gen 10.5 — which commenced construction in December 2015 in Anhui Province — in terms of generation and investment.Currently, CSOT has three production lines, namely T1, T2 and T3, producing small and large LCD panels for TVs, smartphones and tablets.
The 35m-deep foundation for a $300M mixed-use complex in Sri Lanka is nearing completion.Designed by Gensler and developed by ITC Limited subsidiary WelcomHotels Lanka Private Limited, the complex will include about 350 rooms on 25 floors in the first phase, over 130 luxury residences on 50 floors comprising master penthouses, penthouses, four-, three- and two-bedroom apartments, banqueting and cuisine experiences, as well as retail and serviced office spaces.The project, named ‘ITC One, Colombo 1’, will generate direct employment for around 800 people and indirect employment for another 400 people in its various components. WelcomHotels Lanka managing director Arun Pathak said: "The ITC One, Colombo 1 is a very exciting development, creating an international icon for Colombo, offering the best international quality in hospitality and residences."It truly represents the splendour of gracious living. It is set to be an employment-multiplier and will undoubtedly become a vibrant symbol of Sri Lanka’s resurgent economic growth."
Honda Motor Company has completed construction and inaugurated its new plant located at Rojana Industrial Park in Prachinburi, Thailand.The 214,000 sq m facility has been developed with an investment of THB17.15bn ($484.6M) and has a production capacity of 120,000 units annually. The new plant is equipped with Honda’s highly-efficient and environmentally-responsible production technologies — introduced at Honda’s Yorii Plant in Japan — and will serve to enhance the company’s capability to deliver quality products for customers in Thailand and across the world, says the manufacturer.Honda Motor president, CEO and representative director Takahiro Hachigo said: “Thailand has increased its presence as one of Honda’s production hubs by supplying products and components not only for the home market but also for the world including ASEAN nations, which drive our global sales growth. “I am committed to making certain that the role of Thailand will become even more valuable with the completion of this all-new Prachinburi factory with full advantage of Honda’s newest production technologies.”The plant currently has 1,400 employees.