22 February 2012
MUSCAT -- Anand Sharma, Minister of Commerce, Industry and Textiles, Government of India, was the chief guest at the inauguration ceremony of MHI Engineering and Industrial Projects India Pvt Ltd (MEIP), a joint venture engineering company promoted by Mitsubishi Heavy Industries, Ltd of Japan (MHI) and Suhail Bahwan Group of Oman (SBG).
The ceremony, which took place at The Taj Mahal Hotel, New Delhi on February 18, 2012, was attended by senior Indian government dignitaries, as well as the Ambassador of Oman to India, Shaikh Humaid bin Ali al Maani; Minister (Economic & Development), Embassy of Japan, Tamaki Tsukada; Shaikh Suhail Bahwan, Chairman of SBG; Shunichi Miyanaga, Senior Executive Vice-President of MHI; and over 75 distinguished guests from the fertilizer and project sector companies in India and overseas.
MEIP was incorporated on September 2, 2011 and will undertake business development, design, engineering, procurement, construction management, after-sale services and other functions for various industrial and infrastructure projects handled by MHI's Machinery & Steel Infrastructure Systems division, which is also responsible for the construction of fertilizer plants, methanol plants, petrochemical plants and oil & gas production plants.
To start with, MEIP shall develop businesses related to chemical & environmental plants (including carbon dioxide recovery systems and flue-gas desulfurisation plants) and transportation systems in the fast growing Indian market. Future plans call for MEIP to expand its business coverage to include the Middle East and Africa.
MHI, headquartered in Tokyo, Japan, is one of the world's leading heavy machinery manufacturers, with consolidated sales of 2,903.7 billion yen (about $35 billion) in the year ended
March 31, 2011.
MHI's diverse line-up of products and services encompasses shipbuilding, power plants, chemical plants, environmental equipment, steel structures, industrial and general machinery, aircraft, space rocketry and air-conditioning systems.
SBG is the largest diversified business group in Oman. It encompasses more than 40 companies engaged in a host of businesses including fertilizer production, engineering and construction, operation and maintenance of desalination and power plants, automobile distribution, financial services, telecommunications and logistics, and so on.
SBG has a long and close business relationship with several Japanese companies including MHI who have built SBG's world-class fertilizer plant in Oman which exports about 1.3 million tonnes of granular urea annually. MHI is presently constructing the largest green field ammonia/urea complex in the world for a company owned 51 per cent by SBG and 49 per cent by Sonatrach in Algeria.
MEIP is a symbol of the aspirations of MHI and SBG to leverage each other's strengths by utililsing MHI's technological capabilities in a wide range of fields and SBG's know-how and quality management.
MUSCAT -- Anand Sharma, Minister of Commerce, Industry and Textiles, Government of India, was the chief guest at the inauguration ceremony of MHI Engineering and Industrial Projects India Pvt Ltd (MEIP), a joint venture engineering company promoted by Mitsubishi Heavy Industries, Ltd of Japan (MHI) and Suhail Bahwan Group of Oman (SBG).
The ceremony, which took place at The Taj Mahal Hotel, New Delhi on February 18, 2012, was attended by senior Indian government dignitaries, as well as the Ambassador of Oman to India, Shaikh Humaid bin Ali al Maani; Minister (Economic & Development), Embassy of Japan, Tamaki Tsukada; Shaikh Suhail Bahwan, Chairman of SBG; Shunichi Miyanaga, Senior Executive Vice-President of MHI; and over 75 distinguished guests from the fertilizer and project sector companies in India and overseas.
MEIP was incorporated on September 2, 2011 and will undertake business development, design, engineering, procurement, construction management, after-sale services and other functions for various industrial and infrastructure projects handled by MHI's Machinery & Steel Infrastructure Systems division, which is also responsible for the construction of fertilizer plants, methanol plants, petrochemical plants and oil & gas production plants.
To start with, MEIP shall develop businesses related to chemical & environmental plants (including carbon dioxide recovery systems and flue-gas desulfurisation plants) and transportation systems in the fast growing Indian market. Future plans call for MEIP to expand its business coverage to include the Middle East and Africa.
MHI, headquartered in Tokyo, Japan, is one of the world's leading heavy machinery manufacturers, with consolidated sales of 2,903.7 billion yen (about $35 billion) in the year ended
March 31, 2011.
MHI's diverse line-up of products and services encompasses shipbuilding, power plants, chemical plants, environmental equipment, steel structures, industrial and general machinery, aircraft, space rocketry and air-conditioning systems.
SBG is the largest diversified business group in Oman. It encompasses more than 40 companies engaged in a host of businesses including fertilizer production, engineering and construction, operation and maintenance of desalination and power plants, automobile distribution, financial services, telecommunications and logistics, and so on.
SBG has a long and close business relationship with several Japanese companies including MHI who have built SBG's world-class fertilizer plant in Oman which exports about 1.3 million tonnes of granular urea annually. MHI is presently constructing the largest green field ammonia/urea complex in the world for a company owned 51 per cent by SBG and 49 per cent by Sonatrach in Algeria.
MEIP is a symbol of the aspirations of MHI and SBG to leverage each other's strengths by utililsing MHI's technological capabilities in a wide range of fields and SBG's know-how and quality management.
© Oman Daily Observer 2012
