VW Southeast Asia

Industry News

What’s happening and hot in the valve and actuation industry? Mergers and acquisitions, promotions, interesting development in end-user sectors, new project deals and so on.

Mitsubishi Power awarded a long-term contract

Mitsubishi Power awarded long-term contract to optimize the performance of Sabiya power and water distillation station.

Daikin India to double business in 3 years

Daikin Air Conditioning India expects to double its business to USD 2bn (around Rs 16,350 crore) in the next three years.

NRL plans expansion in Myanmar

NRL plans to enter Myanmar by setting up retail fuel outlets in the strife-torn Sagaing region, according to Indian media reports.

Middle East gas producers set to spend USD 120bn

The Middle East is set to spend up to USD 120bn to boost natural gas production by more than 19% by 2030, according to Wood Mackenzie.

PhosPhate Misr expands exploration activities

The Ministry of Petroleum and Mineral Resources began exploration works for phosphate ore in the New Valley, Aswan.

Iran breaks West monopoly on turboexpander production

Iran’s Shazand Petrochemical Company has managed to manufacture a turboexpander, breaking the West’s monopoly.

Arcelor Mittal & Nippon Steel to invest USD 7.4bn

AMNS India plans to invest USD 7.4bn in capacity expansion in both upstream and downstream capacities and iron ore capabilities.

Tehran, Damascus sign oil and energy agreements

Iran and Syria signed a plan for strategic and long-term cooperation and 14 other documents, including oil and energy agreements.

Adnoc Gas seals 3-year LNG supply deal

Adnoc Gas signed three-year supply agreement with a TotalEnergies for the export of liquefied natural gas (LNG).

Subsea Integration Alliance awarded a contract

Subsea 7 S.A. announced the award of contract to Subsea Integration Alliance by bp and JV partner Wintershall Dea for Raven Infills Project.