Home / Knowledge / News / Textiles / Sunpower gets contract from Asia's largest textile enterprise
Sunpower gets contract from Asia's largest textile enterprise
28
Dec '10
Sunpower Group Ltd is pleased to announce that its wholly-owned subsidiary, Jiangsu Sunpower Technology Co Ltd has signed a RMB149.5 million (S$28.8 million) contract with Heng Li Petrochemical (Da Lian) Ltd, a subsidiary of Heng Li Group, one of Asia's largest textile enterprises.

Under the contract, Sunpower Technology will supply energy efficient core equipment made up of titanium and titanium alloy, for phase one of Heng Li Petrochemical's Purified Terephthalic Acid (PTA) project. With a PTA production capacity of 1.2 million tons per annum, Heng Li Petrochemical aims to build a world class environmental plant that integrates energy efficient technology. This latest deal adds to the list of major PTA contracts that the Group has successfully secured with Zhejiang Shaoxing Yuandong Petro-chemcial Co. Ltd, Jiaxing Petroleum Co. Ltd, BP Belgium, etc.

Using Sunpower's highly advanced technological expertise; the pressure vessels will be made up of Titanium and Titanium alloy, a non-ferrous metal, which is considered a high-end product in the industry. Expected to be delivered in FY2011 and FY2012, the contract will positively impact the Group performance over the next 2 years.

The industry outlook remains bright for the Group as it expects to be a direct beneficiary from the Chinese government's continuing efforts in advocating energy efficiency, energy conservation and environmental protection.

Professor Guo Hong Xin, Executive Chairman of Sunpower, comments on the outlook of Sunpower: “The series of contracts clinched highlights our Group's proven expertise in the PTA equipment manufacturing industry. This has further strengthened our reputation and track record as a reliable energy efficient solution provider for our PTA clients. In fact, we secured this major contract through a previous collaboration with another subsidiary of the Heng Li Group, Jiangsu Heng Li Chemical Fiber Co., Ltd. Moving forward, in line with China's environmental drive, we believe that there will be more business opportunities for us to expand and grow.”

PRC-based Sunpower Group Ltd. Specializes in the design, R&D and manufacture of customized energy saving and environmental protection products using heat-transfer technologies. Its products range from heat exchangers and pressure vessels, heat pipes and heat-pipe exchangers, pipe supports, and energy-saving and environmental protection systems. They are used in various industries such as petrochemical, steel, transportation, chemicals, metallurgy, solar energy etc, particularly in energy projects that benefit from the products' energy-saving and energy-efficiency features.

Sunpower has a strong customer base and is a member of both China Petroleum and Chemical Corporation (SINOPEC) materials supply network and China National Petroleum Corporation (CNPC) first-tier network. These memberships pre-qualify the Group to supply products to companies in the SINOPEC and CNPC groups. To date, the Group has 65 patents registered in China to its proprietary heat technologies.

Sunpower Group Ltd

Must ReadView All

Courtesy: American Apparel

Apparel/Garments | On 25th Feb 2017

Gildan to make some American Apparel products outside US

Gildan Activewear, which recently acquired US fashion brand American...

Courtesy: Kolon Sport

Apparel/Garments | On 25th Feb 2017

Kolon Sport to set up JV with ANTA for Chinese market

Kolon Sport, an outdoor gear and clothing brand of Korea based Kolon...

Designer Karishma Jumani with Niraj Jawanjal, founder and director of IIFW. Courtesy: IIFW

Textiles | On 25th Feb 2017

IIFW to bring together premium lingerie brands

India Intimate fashion Week (IIFW), dedicated to showcasing the...

Interviews View All

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
February 2017

February 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search