ENGLISH
|
JAPANESE
|
CONNECT WITH US:
Home
About
Contact
Log in
*
Home
Press release
Apr 24, 2019 19:00 JST
Source:
CPT Drives & Power PCL
CPT Drives and Power (SET: CPT) secures licensed partnership with Siemens
- For world-class power distribution panel production to upgrade Thailand's industrial infrastructure -
BANGKOK, Apr 24, 2019 - (ACN Newswire) - CPT Drives and Power PCL (SET: CPT), a provider of industrial power and control systems, has become a licensed partner of Siemens, the leading global engineering firm, for the production of power distribution panels and sales of SIEMENS accessories - which will enable CPT to tap demand across various industries and infrastructure projects in Thailand. It expects to begin commercial operation 2019/Q4.
Siemens will transfer engineering know-how for the production of world-class standard power distribution panels and assist CPT in enhancing its capacity to serve businesses in virtually all industries that require reliable electrical power systems and advanced power distribution panels, which account for a more than 80% share of the power distribution panel market. The partnership with Siemens will give CPT the opportunity to expand its presence across markets in Thailand.
Mr Somsak Limprasert, CPT Chief Executive Officer, in announcing the major partnership with Siemens, said, "The establishment of a formal relationship with a global innovator in electrical engineering like Siemens is a guarantee of the world-class quality of the products manufactured by CPT. It is a significant milestone for CPT that will be followed by new business growth and the introduction of its power distribution panels in new industries."
After striking the partnership deal, starting in this quarter CPT will send its staff to receive overseas training that will make them fully capable of performing their roles in the production of first-rate power distribution panels. It will then develop prototypes. It expects to commence commercial operation in the fourth quarter.
Mrs Suwannee Singluedej, Senior Vice President and Head of Siemens Smart Infrastructure, said "Siemens is aware of the importance of having a local partner who can increase its capacity and efficiently employ SIEMENS technologies in upgrading Thai industrial firms' production environment. Seimens decision to ally with CPT will allow it to grow its presence in Thailand's power distribution panel market robustly. We are ready to provide the necessary support for the enhancement of CPT's production capacity through production training and technology transfers, and hopes to pursue additional projects with CPT in the future."
Mr Dennis Gabriel Kristof, Sales & Business Development Director of Low Voltage Products, Siemens Smart Infrastructure Asia & Pacific, said, "Siemens is very pleased with CPT's partnership in the development and improvement of production capacity of industrial plants in Thailand. CPT possesses great strength and expertise, especially in power distribution panels, which can be drawn on to market SIEMENS products in the Thai market. With the ongoing public investment and foreign businesses relocating their manufacturing bases, Thailand is a strong market with high growth potential presenting long-term growth opportunities for both Siemens and CPT."
For more about CPT Drives and Power PCL, please visit
http://cptthailand.com/web/
To contact CPT Drives and Power PCL,
Pipop ("Top") Kongwong
MT Multimedia
Tel: +66 2612 2081 Ext.124
Mobile: +66 8 1929 8864
Email:
pipop.k@mtmultimedia.com
Source: CPT Drives & Power PCL
Sectors: Engineering, Construct, Engineering
Copyright ©2024 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
Latest Release
JCB enables JCB Contactless acceptance at Taichung MRT in Taiwan
Apr 26, 2024 10:00 JST
Mazda Production and Sales Results for March 2024 and for April 2023 through March 2024
Apr 25, 2024 18:21 JST
MHI Begins Operation of SOEC Test Module the Next-Generation High-Efficiency Hydrogen Production Technology at Takasago Hydrogen Park
Apr 25, 2024 17:45 JST
GAC Honda to Begin Sales of All-new e:NP2, the Second Model of e:N Series
Apr 25, 2024 16:50 JST
Toyota Exhibiting at Beijing Motor Show 2024
Apr 25, 2024 16:25 JST
Honda Reaches Basic Agreement with Asahi Kasei on Collaboration for Production of Battery Separators for Automotive Batteries in Canada
Apr 25, 2024 11:10 JST
UNIQLO Sponsors KAWS + Warhol Exhibition Tour, Starting in Pittsburgh
Apr 25, 2024 09:00 JST
Mitsubishi Power Begins Commercial Operation of Seventh M701JAC Gas Turbine in Thailand GTCC Project; Achieves 75,000 AOH To-Date
Apr 24, 2024 17:19 JST
MC and Denka Sign J/V Agreement in Fullerene Business
Apr 24, 2024 17:02 JST
Mitsubishi Motors Posts Record Sales in the Philippines in FY2023
Apr 24, 2024 13:56 JST
NEC Develops High-speed Generative AI Large Language Models (LLM) with World-class Performance
Apr 24, 2024 13:25 JST
Fujitsu SX Survey reveals key success factors for sustainability
Apr 23, 2024 10:25 JST
Fujitsu and METRON collaborate to drive ESG success: slashing energy costs, boosting productivity with new manufacturing industry solutions
Apr 22, 2024 16:09 JST
NEC Strengthens Commitment to Space Industry with Investment in Seraphim Space Venture Fund II
Apr 22, 2024 15:09 JST
Soft Space Launches the First and Only JCB Payment Gateway in Malaysia
Apr 22, 2024 15:00 JST
TOYOTA GAZOO Racing takes a one-two in Croatian thriller
Apr 22, 2024 10:47 JST
First-ever Mazda CX-80 Crossover SUV Unveiled in Europe
Apr 19, 2024 13:50 JST
Fujitsu develops technology to convert corporate digital identity credentials, enabling participation of non-European companies in European data spaces
Apr 19, 2024 10:17 JST
Mitsubishi Heavy Industries and NGK to Jointly Develop Hydrogen Purification System from Ammonia Cracking Gas
Apr 18, 2024 17:01 JST
Toyota Launches All-New Land Cruiser "250" Series in Japan
Apr 18, 2024 13:39 JST
More Latest Release >>
Related Release
CPT Drives & Power (SET: CPT) secures contract partnership with Siemens
April 26 2019 08:00 JST
CPT Drives and Power (SET:CPT) Expanding Internationally to Boost Growth
December 20 2017 18:30 JST
More Press release >>