Boosting the Firm's Belt and Road Investment Focus
HONG KONG , June 22, 2017 /PRNewswire/ — Industry veteran Dr. Geoffrey Cowley joins Cedrus Investments' ("Cedrus") Advisory Board as a Strategic Advisor.
Dr. Cowley is a well-respected industry veteran with global experience in both the public and private sectors. Moreover, he had been Chief Executive Officer of major corporations in Africa, Russia, UK, North America, China and the Middle East in the mining, energy, construction, rail transportation and consultancy sectors.
In the public sector, Dr. Cowley advised governments of a number of former Eastern European countries in addition to Oman, Malawi and South Africa on economic expansion. He was also responsible for establishing the European Development Cooperation under the auspices of the then European Community, with a specific mandate of stabilizing industrial growth in these newly liberalized countries. Furthermore, Dr. Cowley was the Senior Advisor on African Affairs (Political and Economic) to the World Economic Forum for several years.
Cedrus Investments has been investing in and providing financial advisory services to the natural resources and energy sectors for over a decade. In recent years, the firm's focus has been on projects and countries related to the Belt and Road Initiative. At the same time, Cedrus also helps Chinese companies and investors identify valuable overseas investment opportunities.
Dr. Cowley said, "I am delighted to join the Cedrus' Advisory Board. I look forward to sharing my expertise and experience with the Cedrus' team to recognize and evaluate exciting investment opportunities in countries along the Belt and Road for both Cedrus' proprietary direct investments and its investor clients from across the globe."
Mr. Rani Jarkas, Chairman of Cedrus Investments extended his welcome and said, "We are excited to have Dr. Geoffrey Cowley join our Advisory Board. As an accomplished figure in the mining and energy sectors, Geoffrey is an ideal addition to the board. His decades of global exposure and in-depth knowledge in particular in developing countries, will be invaluable to both Cedrus' direct investments and its elite investor clients. In addition, Geoffrey's global connections and business development skills should enhance Cedrus' unique position in and commitment to investing and executing projects with our Chinese and overseas investor partners under the Belt and Road Initiative."
About Cedrus Investments
Cedrus Investments is a global boutique investment firm that offers expertise in private wealth management, asset management and financial advisory services to a clientele of leading institutional investors, corporations, family offices and high net worth individuals around the world.
For further information about Cedrus Investments, please visit www.cedrusinvestments.com.
Media Enquiry:Cedrus Investments Ltd.Amy Sin+*protected email*
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SOURCE Cedrus Investments
TOKYO, June 22, 2017 /PRNewswire/ — Sungrow, the global leading PV inverter system solution supplier, announced that it has partnered with YUASA Trading Co., Ltd, a renowned Japanese trading company, to distribute its PV inverters in Japan, aiming to provide better sales services for Japanese customers.
This partnership has turned YUASA, a 350-year trading company now with up to JPY 100 billion of its JPY 500 billion annual revenue coming from new energy business, into one of the most important distributors for Sungrow in Japan. YUASA will continue to promote Sungrow's PV inverters through various ways, including showcasing them during the upcoming YUASA trade fairs this July and October. As a result of their cooperation, a batch of SG49K5J string inverter customized for the Japanese market has been delivered to YUASA's national sales network this May.
"Sungrow's PV inverters are known for its high quality and stable performance. We are confident that our cooperation will bring the latest PV inverter technologies to Japan and further benefit the Japanese solar market," said a senior manager from YUASA.
"YUASA is a highly reputable trade firm with a long history. Backed by the complete trading system of YUASA, we can upgrade our sales network in Japan and our cutting-edge PV inverter technologies will better service Japanese customers," said Professor Renxian Cao, president of Sungrow.
Sungrow is a global leading PV inverter system solution supplier with over 31GW installed worldwide as of December 2016. Founded in 1997 by University Professor Renxian Cao, Sungrow is a global leader in research and development in solar inverters, with numerous patents and a broad product portfolio offering PV inverter systems as well as energy storage systems for utility-scale, commercial, and residential applications. With a 20-year track record of growth and success, Sungrow's products are available in over 50 countries, maintaining a market share of around 25% in Germany and over 15% globally. Learn more about Sungrow by visiting: http://www.sungrowpower.com
Founded during the Edo Period in 1666, the Yuasa Trading Group is a group of specialized trading companies contributing to "lifestyle and industry" support, engaging in trade, solution provision, design and construction, development and manufacturing, and processing in relation to machine tools, industrial equipment and tools, air and fluidic control systems, housing and building supplies, construction machinery, energy, home appliances, consumer goods and lumber.
SOURCE SUNGROW Power Supply Co., Ltd
ASTANA, Kazakhstan, June 22, 2017 /PRNewswire/ — The 2017 Astana Expo kicked off at Kazakhstan on 10thJune, 2017. More than 100 countries and international organizations will join, and over 5 million visitors are coming for the Expo. The theme of the 2017 Astana Expo is "Energy of the Future", and it is the first Expo held in Central Asian countries. From June 10 to Sep 10, the exposition will last 93 days.
Wherever there is big international event, we can see Nuctech's security systems. To hold a successful Expo, security is always the first priority. For the Astana Expo, Nuctech provides over 130 sets of security systems including Cargo/Vehicle Inspection System, CT Baggage Inspection System, and X-Ray Inspection Systems. The installation and debugging started in April and finished in May, and the systems are going to be deployed in the logistics distribution centers, main channels, and conference centers of the Expo to check all the cargos, vehicles, and bags of visitors passing through.
The CT Baggage Inspection System used in this Expo is the next-generation CT Baggage Inspection System designed and manufactured by Nuctech. Equipped with several cutting-edge technologies, the product is able to get density, effective atomic number, and other information of the items being tested. Apart from colored HD 3D images, CT images, and DR images, the product can also detect EDS and narcotics automatically.
The committee of the Expo spoke highly of Nuctech's products as well as services and invited local media to have a look, "These Nuctech systems provide high quality images and are easy to use, our inspection effectiveness have been largely enhanced since we started to use these systems, and this has helped the Expo a lot."
Photo – https://photos.prnasia.com/prnh/20170621/1881466-1
SOURCE Nuctech Company Limited
CHRISTCHURCH, New Zealand, June 21, 2017 /PRNewswire/ — Windflow Technology Ltd (WTL), New Zealand's only designer & manufacturer of wind turbines, announces the licensing opportunity for their synchronous generating drive-train technology. As renewable energy is added to modern grid systems, which have traditionally relied on large spinning turbines with synchronous generators from hydro, coal and thermal power stations contributing inertia to the grid, the requirement for an inertial response from renewables has been brought into sharp focus. This has been highlighted by the recent experience in the South Australian blackout during 2016, and is an issue under discussion by grid operators and regulators internationally. Most countries view their fastest and easiest renewable addition to be solar, however over-reliance will reduce grid stability in case of any shocks to the grid.
A primary advantage that synchronous generators deliver is mechanical inertia which instantly resists speed changes in a grid shock, such as the failure of a large power plant or a transmission line. Generator speed determines grid frequency. The larger the shock or the lower the inertia, the faster the rate of change of frequency. Therefore grids need inertia for stability. Most wind turbine systems provide asynchronously generated energy which contribute no inertia because their spinning masses are decoupled electronically from the grid, although it is suggested this may be overcome via untested synthetic inertia (also known as Fast Frequency Response "FFR") to respond to grid shocks via their power electronics. Solar panels can not provide this due to the lack of a spinning mass.
WTL's drive-train enables its synchronous generator to be directly connected to the grid, providing inertia for instantaneous grid stability the same as traditional power generators, without power electronics. This delivers direct resistance to frequency change as opposed to only providing the proposed response of FFR that most existing wind turbine systems expect to offer. WTL's system has been IEC certified by Lloyds Register and has a track-record of more than 600 turbine-years of synchronous wind power operation. The cost-effectiveness and track record of WTL's system differentiate it from a small number of other synchronous wind turbine systems that have been tried. It enables FFR using the wind turbine's spinning mass as well as the direct generator inertia. It also provides the full range of attributes that synchronous generators provide to the grid:
Voltage support through a full range of reactive power capabilities;
System strength by providing huge "fault currents" (5-10 times rated) to rectify voltage faults;
Synchronous condenser mode even with no wind; and
Controllable power level and ramp rates.WTL welcomes the release last Friday by the Australian Chief Scientist, Alan Finkel, of his final report recommending a range of changes to the Australian electricity market to improve system security. These recommendations include requirements for minimum amounts of inertia and all of the above attributes that synchronous generators have traditionally provided, and WTL's system provides within the wind industry.
WTL's system has recently been extended with a new patented system to enable broad-band variable-speed operation which wind turbines require in lower wind climates. WTL CEO Geoff Henderson stated "Our patent protected technology, which is scalable to both the mid-size and multi-MW turbine market, eliminates use of power electronics and results in significant noise, weight and cost reductions. Further, and as evidenced by demand for renewable energy to assist grid stability, WTL's proven designs and technology are an idea whose time has come." A cursory examination on grid stability makes it abundantly clear that there is market confusion on these issues. Difficulties are now beginning to be apparent in China, EU, Australia and the Pacific Islands which are investing heavily in renewables including solar.
As the world moves to renewable energy, it will become an issue for all nations as the 21st century progresses.
WTL is actively seeking partnerships with wind turbine manufacturers who are at the forefront of wind energy and interested to license WTL's proven drive-train technology.
WTL is also pleased to communicate directly with grid operators, consultants, academics, journalists and other parties interested in issues in grid stability. For further information, please contact *protected email* or call +64-3-365-8960.
SOURCE Windflow Technology Ltd
The new service enables applications in utilities, logistics, oil and gas, and renewable energy
DUBAI, UAE, June 21, 2017 /PRNewswire/ — Thuraya Telecommunications Company today announced the launch of the Thuraya IP M2M Service to support high volume, high throughput machine-to-machine (M2M) applications. The service is powered by Thuraya's real-time, two-way IP network with speeds of up to 444 Kbps, a state-of-the-art Remote Terminal Management (RTM) platform and the Thuraya IP+ terminal.
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The new service extends the capabilities of Thuraya's successful IP+ terminal to support a wider range of M2M applications. It is designed for efficient communication between devices and for the control and consolidation of data from remote equipment. The service targets a number of sectors including oil and gas, utilities, renewable energy, banking and government.
The RTM platform provides a rich set of connectivity management features including usage monitoring, connection control, abnormal session management, geo-fencing, firewall management, usage traffic graphs and charts. It's device management features allow users to view a connected terminal's position, signal strength and current status. Users can also reboot and configure the terminal remotely.
Thuraya's acting Chief Commercial Officer, Rashid Baba said: "The rise in IoT applications and M2M adoption has triggered an increase in demand among several sectors for higher throughput applications deployed over satellite. Some of these solutions include video- and image capturing for surveillance and security; oil and gas real-time applications; smart-grid Remote Terminal Unit (RTU) recloser connectivity, and wind and solar farm monitoring. Thuraya IP M2M service addresses these requirements while taking operational efficiency for our customers to a whole new level by reducing the total cost of ownership and operation of their IoT apps and services."
Thuraya IP M2M service enhances Thuraya's M2M product range by addressing market requirements for bandwidth hungry M2M applications. It allows users to send bulk amounts of data per month, offering a scalable solution for high-volume SCADA connectivity, remote asset control, and other telemetry requirements.
Rashid Baba added: "Our announcement about joining the LoRa Alliance adds further momentum to Thuraya's M2M aspirations. We are expanding our services and solutions to areas such as rural IoT and M2M connectivity, cargo and shipping, smart agriculture, and smart metering. Thuraya IP M2M service is one of the key components of our exciting FUTURA capability plans, and positions us well to effectively address the market requirements."
SOURCE Thuraya Satellite Telecommunications Company
SINOPEC and Linde sign EUR145 million joint venture to strengthen air gases supply in Ningbo industrial cluster in China »
– The agreement is the sixth consecutive joint venture in the long-term partnership.- These three additional air separation plants will double Linde's production capacity of air gases in the Ningbo cluster and will be connected to its existing pipeline supply network across Ningbo.
NINGBO, China, June 20, 2017 /PRNewswire/ — SINOPEC, the biggest integrated refining and chemical company in China, and The Linde Group, a world-leading industrial gases and engineering company, today announced that they have established a EUR 145 million joint venture to supply vital industrial gases to local customers from key industries such as petrochemical, steel and electronics, within the Ningbo Chemical Industrial Zone in China's Zhejiang province.
SINOPEC Zhenhai Refining & Chemical Company (ZRCC) and Linde will each hold a 50% stake in the newly formed Ningbo Linde-ZRCC Gases Company Ltd (Linde-ZRCC), the sixth consecutive joint venture between the companies. The agreement will see Linde-ZRCC acquire two existing air separation units (ASUs) from ZRCC and construct a third for a combined 150,000 m3/h of oxygen capacity. The new ASU, expected to be on stream in 2018, will incorporate Linde's intelligent solutions for remote operation, diagnostics and analytics, as well as a modular design to increase efficiency, reduce energy requirements and enhance flexibility of production.
These three additional ASUs will double Linde production capacity of air gases in the Ningbo cluster and will be connected to Linde's pipeline supply network across Ningbo.
Sanjiv Lamba, Member of the Executive Board, Linde AG and Chief Operating Officer, Asia Pacific, said, "Linde is excited about the growth opportunities in China and further strengthening of our partnership with SINOPEC. Today's Linde-ZRCC agreement underscores not only the trusted long-term partnership Linde has with SINOPEC, but also highlights the advantage of world-class technology and operating expertise that Linde brings to our customers. Linde remains fully committed to supporting our customers in China in their growth aspiration. This year alone, we have signed multiple projects for major investments across China, which represents a significant part of Linde's strategy for growth in Asia."
"Linde operations in Ningbo is an excellent example of our cluster strategy in action. Leveraging Linde's gas and engineering expertise and innovations, we are able to consolidate our plant operations which enables our cluster customers to benefit from economies of scale – improved energy efficiency, better quality management, and safer and even more reliable service," said Steven Fang, Regional Business Unit Head, Linde East Asia. He added, "Linde's approach is well aligned with the Chinese government's plans to develop Ningbo into a modern petrochemical hub."
Linde's Engineering Division will design and construct the new air separation unit. Linde's world-leading technology in air separation design offers high energy efficiency and operational reliability.
About Sinopec Zhenhai Refining & Chemical Company
Sinopec Group ranked 2nd on the 2015 Fortune 500 list. With a combination of annual crude oil processing capacity of 23 million tons, annual ethylene production capacity of 1 million tons, annual marine terminal throughput of 45 million tons, and tank storage of more than 3.9 million cubic meters, Sinopec Zhenhai Refining & Chemical Company is not only the biggest integrated refining & chemical company under Sinopec, but also the largest one in China. The business mix characterized by extra large scale capacities in refining, ethylene production, terminal handling, and storage is a strong indicator of its leadership in China's refining & chemical industry. A performance evaluation report from the world-renowned HSB Solomon Associate LLC showed the company's competitiveness has been remained in the top echelon of Asian Pacific refineries since 1990s. In addition, the performance evaluation of its ethylene plant also ranked in the top echelon of global ethylene plants in 2011, 2013, and 2015 respectively since its startup in 2010.
About The Linde Group
In the 2016 financial year, The Linde Group generated revenue of EUR 16.948 bn, making it one of the leading gases and engineering companies in the world, with approximately 60,000 employees working in more than 100 countries worldwide. The strategy of The Linde Group is geared towards long-term profitable growth and focuses on the expansion of its international business, with forward-looking products and services. Linde acts responsibly towards its shareholders, business partners, employees, society and the environment in every one of its business areas, regions and locations across the globe. The company is committed to technologies and products that unite the goals of customer value and sustainable development.
For more information, see The Linde Group online at www.linde.com.
In East Asia, Linde is headquartered in Shanghai and employs more than 5,500 employees at about 70 subsidiaries and joint ventures in Greater China. In China alone, Linde operates more than 200 production facilities across key industrial centres. For more information about Linde in China, please visit www.linde-gas.com.cn.
Photo – https://photos.prnasia.com/prnh/20170620/1880221-1
SOURCE The Linde Group
SINGAPORE, June 19, 2017 /PRNewswire/ — Producers, trading companies and refiners are increasingly adopting West Texas Intermediate (WTI) and other Argus benchmarks at the US Gulf coast to index growing shipments of North American crude moving to Asia-Pacific, the world's leading oil import market. This raises the need to align price signals from different regions under a single timestamp.
Argus, the world's largest independent price reporting agency, has launched outright prices for four key US Gulf coast crude streams with a 4:30pm Singapore timestamp — WTI Houston Asian timestamp, WTI Midland Asian timestamp, LLS (Light Louisiana Sweet) Asian timestamp and Mars Asian timestamp. These Asian markers will also be expressed as differentials to the Mideast Gulf's Dubai benchmark.
The US Gulf coast market has become a key balancing point for crudes of different qualities. It is the world's largest refining centre, and the supplier of the marginal barrel in the global crude market. Exports from the Gulf coast now regularly reach consumers in Latin America, Europe and Asia-Pacific.
"The highly liquid markets of the US Gulf coast and the wide diversity of participants have created conditions for a series of robust price indexes, which will now be extended to Asia-Pacific with the introduction of markers with a Singapore timestamp," Argus Media chairman and chief executive Adrian Binks said. "Argus can help facilitate the Asia-Pacific region's burgeoning imports from the US by publishing a value for those grades of crude oil at a time relevant to the local market."
US crude exports surged to nearly 925,000 b/d in the first four months of 2017, up by 78pc from 520,000 b/d last year, according to the US Census Bureau. About a third of total exports left for destinations in Asia-Pacific in January-April. China was the largest buyer, taking nearly 215,000 b/d of US crude. Unipec, the trading arm of state-owned Chinese refiner Sinopec and the world's largest crude importer, is buying 3mn-4mn bl/month of US crude this year, accounting for about half of China's total.
Argus calculates crude prices at the US Gulf coast using a volume-weighted average (VWA) of trades, the method for virtually all indexed spot and term transactions in North America. The VWA methodology allows for a more accurate representation of value because every barrel counts towards the price formation process, as opposed to market-on-close methodologies used in other markets.
London Seana Lanigan+44 20 7780 *protected email*
HoustonScott Berg+ 1 713 968 0000 *protected email*
SingaporeJim Nicholson+65 6496 9960 *protected email*
About Argus Media
Argus is an independent media organisation with more than 850 staff. It is headquartered in London and has 21 offices in the world's principal commodity trading and production centres. Argus produces price assessments and analysis of international energy and other commodity markets, and offers bespoke consulting services and industry-leading conferences.
Companies in 140 countries around the world use Argus data to index physical trade and as benchmarks in financial derivative markets as well as for analysis and planning purposes.
Argus was founded in 1970 and is a privately held UK-registered company. It is owned by staff shareholders and global growth equity firm General Atlantic.
ARGUS, the ARGUS logo, ARGUS MEDIA, ARGUS DIRECT, ARGUS OPEN MARKETS, AOM, FMB, DEWITT, JIM JORDAN & ASSOCIATES, JJ&A, FUNDALYTICS, METAL-PAGES, METALPRICES.COM, Argus publication titles and Argus index names are trademarks of Argus Media Limited.
SOURCE Argus Media
ICIS Presentations at the Asia Petrochemical Industry Conference (APIC) 2017 are Now Available to Access »
SINGAPORE, June 19, 2017 /PRNewswire/ —
ICIS, the leading petrochemical market intelligence provider, delivered several key presentations at APIC in Sapporo, Japan last 18-19 May 2017. These presentations have been made available to download.
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The consultants at ICIS presented on the past, present and future of the petrochemical industry amid changing trading patterns and economic and political developments on day one of the event. The presentation entitled Accelerated Changes: New Scenarios for Global Refining and Petrochemicals Industries, and the Role of China covers all of the following:
Climate change and pollution concerns – The impact on refining and chemicals industries
Uncertain demand and trade flow patterns
China at a turning point: The impact of economic reforms on Asian and global economiesThe presentations of ICIS market experts during the committee meetings of APIC 2017 can also be downloaded.
"Trumped" or not "Trumped"? The Coming US Petrochemical Export Surge
Survival of the Fittest – Are the Non-traditional Olefins and Polyolefins Routes Sustainable in the Low-oil, Low-naphtha Price Environment?
The Road Ahead for Asia's Styrene and Feedstocks
Asia Vinyls Market Review and the Revival of China as an Export Player
Gas or Coal-to-olefins (CTO) – Will it Ever Work in the Current Low Oil Price Environment?
Exploring the Intertwining Relationship between Propylene Oxide (PO) and Polyether PolyolsBy downloading the presentations listed above, you gain unrivalled access to hot topics, challenges and opportunities faced by market players operating in olefins, polyolefins, aromatics, vinyl and intermediates sectors.
Download the presentation slides here
For further details, visit http://www.icis.com/apic-2017
ICIS is the world's largest petrochemical market information provider and has fast-growing energy and fertilizer divisions. Our aim is to give companies in global commodities markets a competitive advantage by delivering trusted pricing data, high-value news, analysis and independent consulting, enabling our customers to make better-informed trading and planning decisions. We have more than 30 years' experience in providing pricing information, news, analysis and consulting to buyers, sellers and analysts.
With a global staff of more than 800, ICIS has employees based in Houston, Washington, New York, London, Montpellier, Dusseldorf, Karlsruhe, Milan, Mumbai, Singapore, Guangzhou, Beijing, Shanghai, Tokyo and Perth. Some 350 of ICIS's staff are journalists engaged in reporting market prices and news, and ICIS is fully committed to upholding the highest journalistic principles of verification, corroboration and authentication. ICIS has a compliance framework that along with its methodologies and business processes adheres to the requirements of the IOSCO PRA Principles.
ICIS is a division of Reed Business Information, part of RELX Group.
About Reed Business Information
Reed Business Information provides information, analytics and data to business professionals worldwide. Our strong global products and services hold market-leading positions across a wide range of industry sectors including banking, petrochemicals and aviation where we help customers make key strategic decisions every day. RBI is part of RELX Group, a global provider of information and analytics for professional customers across industries. http://www.reedbusiness.com
RELX Group is a world-leading provider of information and analytics for professional and business customers across industries. The group serves customers in more than 180 countries and has offices in about 40 countries. It employs approximately 30,000 people of whom half are in North America. RELX PLC is a London listed holding company which owns 52.9% of RELX Group. RELX NV is an Amsterdam listed holding company which owns 47.1% of RELX Group. The shares are traded on the London, Amsterdam and New York Stock Exchanges using the following ticker symbols: London: REL; Amsterdam: REN; New York: RELX and RENX. The total market capitalisation is approximately £33.1bn/€38.2bn/US$42.6bn. http://www.relx.com.
–Ships 40 MW of Modules to Huainan City China Project
BEIJING, June 15, 2017 /PRNewswire/ — JA Solar Holdings Co., Ltd. (JASO) ("JA Solar"), one of the world's largest solar products manufacturers, today announced that it supplied modules for the world's largest floating solar power plant.
The 40 MW floating PV solar system is installed in a former flooded coal mining region in Huainan City, Anhui province, China. The solar project was connected in May 2017, and has the capacity to provide most of the light and air conditioning to a nearby city.The mono double-glass modules used in the project were all manufactured by JA Solar.
JA Solar's modules are ideal for this type of project. The modules have passed long-term reliability and environmental endurance tests. The excellent anti-PID performance and resistance against corrosion guarantee performance despite the humidity inherent in a floating array. Moreover, the 12-year warranty on materials and workmanship and the 30-year linear power warranty for the double-glass modules ensure that customers will enjoy a steady financial return.
Floating PV is an exciting new emerging market, with the potential for rapid growth. Demand is expanding for floating PV, especially on islands, because the cost of water surface is generally lower than the cost of land. In addition, the evaporative cooling effect of water helps to reduce module temperature, which promotes module efficiency and prevents degradation.
JA Solar Chairman and CEO Mr. Baofang Jin commented: "We are excited by the opportunity to contribute to such a prominent project. JA will continue its efforts to develop, innovative and improve product technology, which will enable us to participate in similar pioneering solar projects."
SOURCE JA Solar Holdings Co., Ltd.
– Further Expands its Presence in Latin America
BEIJING, June 13, 2017 /PRNewswire/ — JA Solar Holdings Co., Ltd. (Nasdaq: JASO) ("JA Solar" or the "Company"), one of the world's largest manufacturers of high-performance solar power products, today announced that it established a presence in Brazil with the launch of its subsidiary JA Solar Brazil Ltda ("JA Solar Brazil").
JA Solar has operated in Brazil since 2015 and seen significant growth in the Distributed Generation (DG) market, which requires local support for customers' planning, logistics and international trade operations. With the establishment of JA Solar Brazil, the Company can provide customers with timely logistics support and customized services, further capturing incremental business opportunities in the region. In addition, the Brazil office will focus on consolidating partnerships with local and international energy companies, including Engie, Multi Aquecimento, Faro Energy and Enel. The new office will provide support for marketing activities, promote JA Solar's latest technologies, and develop and manage sales activities in the region. The JA Solar Brazil office is expected to start operating in early July.
The Latin American market is an emerging market with strong growth potential in the coming years, and JA Solar is actively working to expand its presence in the region. In March 2017, the Company established its subsidiary JA Solar Mexico SA de CV ("JA Solar Mexico"), starting its geographic expansion into Latin America. Since then, the Company has worked on a number of utility-scale projects and collaborated with local distributors in Mexico.
Mr. Baofang Jin, Chairman and CEO of JA Solar, commented, "The launch of JA Solar Brazil will enhance our ability to serve our customers, strengthen our strategic partnerships in the region, and further increase brand awareness in Brazil as well as in the Latin American market. Our high-performance solar modules are well-recognized in the industry. We look forward to leveraging our strong reputation to introduce more high-quality products to our Latin American customers, which will help them to optimize their return on investment."
SOURCE JA Solar Holdings Co., Ltd.