Vietnam’s rice exports hit 5.2 million tonnes in ten months Vietnam shipped abroad 264,000 tonnes of rice in October this year for 136 million USD, pushing the total figures so far this year to 5.2 million tonnes worth 2.6 billion USD, up 1.7 and 14.1 percent year-on-year. China remained the leading importer of Vietnamese rice with a growth rate of 24 percent. Strong rises were also seen in many other markets, such as Indonesia, Iraq, the Philippines, and Malaysia. Average rice prices in the first nine months of 2018 reached 503 USD per tonne, up 13.7 percent year-on-year. The highest price was recorded for Jasmine rice with 575 USD per tonne, followed by Japonica with 526 USD per tonne. The export of medium- and high-quality rice increased, while that of low quality types reduced, now accounting for just 2 percent of the total export volume. [Video: Vietnamese rice now top quality on the international market] On October 18 this year, the Philippines closed its bidding and … [Read more...] about BUSINESS NEWS IN BRIEF 11/11
Siemens energy management
Siemens’ mega-project in Egypt completed in record time, benefits more people
Viet Nam News CAIRO, Egypt — “I am very proud to be a Vietnamese engineer working on Siemens’ biggest project ever,” said Nguyễn Chí Hiếu, one of three Vietnamese commissioning engineers trained to work at Beni Suef power plant in Egypt, where he tests the plant’s systems. The project Hiếu referred to is the US$9 billion deal reached by Siemens and the Egyptian government to build three gas-fired combined cycle power plants in three different regions in the country. The project was expected to lift the country’s capacity of power generation by 45 per cent compared to its installed base in 2015 by adding 14.4GW of power generation capacity to Egypt’s national grid, which would help address the electricity shortage in the country. Egyptian people had experienced frequent and lengthy power cuts and blackouts since 2010, said Emad Ghaly, CEO of Siemens Egypt. At the peak of electricity crisis, … [Read more...] about Siemens’ mega-project in Egypt completed in record time, benefits more people
Siemens eyes Asian markets to boost power generation business
By Koustav Samanta SINGAPORE (Reuters) - Siemens Power Generation Services, a unit of Germany's Siemens AG <SIEGn.DE>, is looking to Asian markets to grow its power generation business, the company's Chief Executive Officer Tim Holt said on Tuesday at a conference in Singapore. "There are a couple of IPP (independent power producer) projects especially in the ASEAN region, clearly there are markets in Thailand and Malaysia, while Korea's new government is getting ready to have the next wave of investments," Holt said. Siemens, like its main competitors in the natural gas-turbine market sector General Electric and Mitsubishi Hitachi Power Systems, have been hit hard by a drop in turbine sales in the last few years, forcing all three to lay off thousands of workers as renewables are competing with gas as a power source. "Both Pakistan and Bangladesh are in discussion. There's also discussion on gas to power," Holt said on the sidelines of Singapore International Energy Week 2018. … [Read more...] about Siemens eyes Asian markets to boost power generation business
SEPTA debuts first of 15 new ACS-64 Regional Rail locomotives
SEPTA officials celebrated Wednesday the deployment of a new electric locomotive that will begin powering trains on its Regional Rail network. The 15 ACS-64 locomotives manufactured by Siemens in Sacramento will enable SEPTA to expand its fleet, replacing eight aging locomotives in the process. Some of the those being phased out include AEM-7 models, among the last remaining in the United States. "SEPTA's Regional Rail Ridership has grown by more than 50 percent over the last 15 years," said SEPTA General Manager Jeffrey D. Knueppel. "The addition of these new Siemens ACS-64 locomotives is critical for SEPTA to expand capacity and meet the needs of our riders."Funding for the new rail transport vehicles comes from Pennsylvania Act 89, the state transportation bill that provides resources for road projects, bridge repairs and public transit. "Without Act 89, long-needed fleet upgrades like this simply would not be possible," said SEPTA Board Chairman Pasquale T. Deon Sr. "These are the … [Read more...] about SEPTA debuts first of 15 new ACS-64 Regional Rail locomotives
Siemens eyes Asia as key market for advanced turbine sales
Viet Nam News HÀ NỘI — Siemens has identified Asia as an important future market as the rapidly developing region is in need of efficient and cost-effective power generation technologies – an area in which the German engineering giant prides itself as a leading global supplier. Thomas Hagedorn, head of sales for the Asia and Pacific region of the Siemens power and gas division, said Siemens’s latest HL-class turbines would be the right solution for many countries in Asia. Bloomberg’s 2017 energy outlook forecasts the continent will need to have the world’s highest power by 2040 to meet development demands. Introduced to the market last September, the HL-class gas turbines combine a series of new but tested technologies to enhance the efficiency of combined cycle gas turbines (CCGT) to beyond 63 per cent. With a mid-term goal to reach CCGT efficiency of 65 per cent, Siemens may surpass its arch rival GE, which … [Read more...] about Siemens eyes Asia as key market for advanced turbine sales