Toyo-India Awarded Three Consecutive Refinery Projects in India in the Second Quarter of 2009

Nov. 4, 2009

Toyo Engineering India Limited (Toyo-India) (Managing Director: Hisashi Osone) which is a subsidiary of Toyo Engineering Corporation (President and CEO: Yutaka Yamada) in India awarded three consecutive jobs (the following Projects-1 to 3) related to the refineries in India in the second quarter of this year. Toyo-India concluded the contracts directly with the customer and will implement all projects themselves.

Toyo-India is one of India’s leading engineering companies. The company was established as the first overseas base of Toyo Group in 1976 and has been responsible for the implementation of many projects, primarily in India and the Middle East. The company, currently employing 2,000 staff, is now one of the most important bases of Global Toyo. It has grown to be a solution provider to their customers and a profit center that is capable of independently implementing EPC Projects.

India has not been significantly affected by the financial crisis that began unfolding in 2008, and in view of the stable economic situation that ensued after the general election this May, national enterprises have continued to make investments. As it became necessary to enact an environmental measure against vehicles due to sustained economic development, the emission standards (Bharat stage IV) is going to come into effect in major cities starting in April 2010. Consequently, both newly established and existing refineries will be required to be able to keep pace with the processing of a variety of raw materials. Toyo-India will continue to aggressively engage in further activities by utilizing knowledge gained in India in order to be able to involve themselves in projects to achieve this new target of environmental responsiveness.

Outline of projects

Project-1

Customer Mangalore Refinery and Petrochemicals Ltd. (The subsidiary of ONGC)
Contractor Toyo-India
Location Mangalore, Karnataka
Type Crude/Vacuum Distillation Unit (CDU/VDU) Desalter, Pre-fractionation section, Atmospheric Distillation, Naphtha Stabilizer, Naphtha Splitter, Vacuum distillation
Capacity CDU: revamping from 3.69 MMTPA to 4.8 MMTPA
Schedule 18 months

Project-2

Customer Mangalore Refinery and Petrochemicals Ltd.
Contractor Toyo-India
Location Mangalore, Karnataka
Type Delayed Coker Unit (DCU)
Capacity 3 MMTPA
Schedule 24 months

Project-3

Customer Hindustan Petroleum Corporation Limited
Contractor Toyo-India
Location Mumbai, Maharashtra
Type Diesel Hydrotreating Unit
Capacity 2.2 MMTPA
Schedule 26 months
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