Toshiba Reinforce Indian Thermal Power Business

- To construct competitive EPC system of thermal power generation

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Toshiba Corporation Tokyo Stock Exchange 6502

Jan. 10, 2014 19:20

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TOKYO--(Business Wire / Korea Newswire)--Toshiba Corporation (TOKYO:6502) today announced that it has reinforced its thermal power generation business in India by integrating the engineering function of Toshiba India Pvt. Ltd. into Toshiba JSW Turbine and Generator Pvt. Ltd., a manufacturer of turbines and generators based in Chennai, Tamil Nadu. The company, which has been renamed to Toshiba JSW Power Systems Private Ltd., will rebuild the organization to the competitive engineering, procurement and construction (EPC) system, and develop business in India and the surrounding areas.

Toshiba JSW Turbine and Generator Pvt. Ltd. was established in 2008, and inaugurated its factory of steam turbines and generators in February 2012. It currently produces five units of supercritical turbines and generators ordered by National Thermal Power Corporation and others. The thermal power engineering department of Toshiba India Pvt. Ltd. was established in August 2009, and has a good track record in thermal power engineering operations. The company will have integrated ability of engineering, manufacturing, procurement, construction and services and it will enhance EPC ability in India, in cooperation with Toshiba’s group company, TPSC (India) Private Limited, which supports Toshiba JSW Power Systems Private Ltd. in construction field in India.

Looking to the future, India is expected to see significant growth in power demand, as is the wider region, including Southeast Asia, the Middle East and Africa, where a number of large projects of thermal power generation are planned. Toshiba ensures its thermal power business expansion in India and surrounding areas from India in cooperation with global engineering function in Japan.

Overview of integrated company
Company name: Toshiba JSW Power Systems Private Limited
Location: Chennai, Tamil Nadu, India
Date of integration: January 1, 2014
Managing Director: Yoshiaki Inayama (Managing Director of former Toshiba JSW Turbine & Generator Pvt. Ltd)
Capitalization: 4.4 billion in Indian Rupees
Capital holding: Toshiba 75%, JSW Energy 22.52%, JSW Steel 2.48%
Employees: approximately 600
Main Business: Engineering, design, manufacturing, procurement, sales, construction, installation and services for thermal power plants

About Toshiba

Toshiba is a world-leading diversified manufacturer, solutions provider and marketer of advanced electronic and electrical products and systems. Toshiba Group brings innovation and imagination to a wide range of businesses: digital products, including LCD TVs, notebook PCs, retail solutions and MFPs; electronic devices, including semiconductors, storage products and materials; industrial and social infrastructure systems, including power generation systems, smart community solutions, medical systems and escalators & elevators; and home appliances.
Toshiba was founded in 1875, and today operates a global network of more than 590 consolidated companies, with 206,000 employees worldwide and annual sales surpassing 5.8 trillion yen (US$61 billion). Visit Toshiba's web site at www.toshiba.co.jp/index.htm

Photos/Multimedia Gallery Available: http://www.businesswire.com/multimedia/home/20140109006466/en/

Website: http://www.toshiba.co.jp/index.htm

Contact

Toshiba Corporation
Atsuko Miyashita
+81-3-3457-2105
Corporate Communications Division
Public Relations & Investor Relations Office
Fax: +81-3-5444-9202

This news is a press release provided by Toshiba Corporation. Korea Newswire follows these editorial guidelines.

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