Mitsubishi Electric Corporation (TOKYO: 6503) announced that its sales subsidiary Mitsubishi Electric Turkey A.Ş. has acquired its local industrial automation sales and distribution partner GENEL TEKNİK SİSTEMLER SANAYİ ve TİCARET ANONİM ŞİRKETİ (GTS). The acquisition will allow Mitsubishi Electric to accelerate its industrial automation systems business in Turkey for strengthened local sales and solutions, aiming at industrial automation sales of JPY 3 billion in Turkey by the fiscal year ending March 2016.

As a result of the acquisition, GTS, a local partner for some 20 years and currently functioning with a workforce of 42, will merge with Mitsubishi Electric Turkey and begin operating under the new structure in May.

Turkey's industrial automation market is expected to grow by more than 10% annually due to increasing demand in the automotive, food and beverage industries. GTS has built strong relationships in these industries by providing technical support and solutions to industrial automation equipment manufacturers. Mitsubishi Electric will leverage these relationships and GTS's expertise to strengthen its solution business and penetrate more deeply into this fast-growing market under a growing commitment to provide quality products and services to customers in Turkey and other markets of Central Asia.

The technology company The Linde Group will build six major air separation units for Shenhua Ningxia Coal Industry Group Co. Ltd. and Shenhua Logistics Group Co. Ltd. in Yinchuan in the Ningxia Hui Autonomous Region in Northwest China. The companies recently signed a contract to this effect. Shenhua Ningxia is a member of Shenhua Group Co. Ltd., the largest coal chemical company in China.

'We are delighted to start cooperating with Shenhua Group and contribute our in-depth expertise in air separation technology,' said Prof. Dr Aldo Belloni, Member of the Executive Board of Linde AG. 'The project further strengthens our position as a leading gases and engineering company in China.'

The air separation units will each supply around 100,000 normal cubic metres of gaseous oxygen per hour (Nm³/h) to Shenhua Ningxia's Coal-to-Liquid (CTL) complex at Ningdong Energy Chemical Base. The oxygen will be used for the production of 4 million tons of CTL - mainly liquid fuels derived from coal - per year, making this one of the largest Coal-to-Liquid projects worldwide. Linde will be responsible for the engineering, supply of machinery and equipment, supervision services at the job site, turnkey supply of the cold boxes and training the buyer's personnel. The air separation units are scheduled to go on stream in 2015.

The Linde Group is a world-leading gases and engineering company with around 62,000 employees in more than 100 countries worldwide.

Daelim will make inroads into Pakistan’s Lower Spat Gah waterpower generation market together with Korea Midland Power. Daelim Vice Chairman Kim Yun signed an MOU for hydropower plant construction and operation at the head office of Korea Midland Power in Daechi-dong, Seoul on Tuesday, March 5.

As the first public private partnership propelled by Pakistan’s government, the project seeks to construct and operate a 500MW hydropower plant. Total project cost is USD 1 billion; currently, Pakistan’s government holds a 26% stake in the project, Korea Midland Power, 34%, Daelim, 14%, Lotte Engineering & Construction, 6%, and POSCO Engineering, 2%.

Of the total project cost, the construction amount is projected to be USD 750 million; Daelim’s construction stake is 63% (USD 470 million). The project is slated to commence construction in January 2016 and will be completed in December 2021.

The control valves, actuators, and positioners market in India is largely driven by process industries, which are under multiple pressures: to improve energy management; adhere to standards and regulations; streamline production processes; and reduce costs. Economic instability and exchange rate fluctuations caused some uncertainty in 2011 but the market is still growing. India’s domestic demand driven market propels rapid industrialization and economic growth. Growth is further regulated by monetary and fiscal policies. While the economy of India has slowed down due to weakening external demand, the robust domestic demand continues to remain strong. Due to its domestic-demand-driven economy, India has emerged as one of the fastest growing economies in the world.

According to ARC Advisory Group’s research, the total control valve, actuator, and positioner market in India will register CAGR of over 7.5 percent by 2016. ARC’s latest study, “Control Valves for India Market Research Study” provides an in-depth analysis of the control valve, actuator, and positioner business in India. In addition to market analysis and forecasts, the study also covers the current market nuances, strategic issues, and the future outlook. The report also highlights the factors that influence the control valve market in India and its dynamics.