Japan’s engineering giant JGC is boosting its international engineering, procurement and construction (EPC) business via a new operations centre in Chennai, India.
“At present, energy demand is increasing against the backdrop of the recovery of the global economy in anticipation of a post-Covid-19 environment,” said JGC.
“In addition, from the viewpoint of energy security triggered by Russia's invasion of Ukraine, oil and gas producing countries are expected to resume large-scale capital investment plans, including liquefied natural gas.”
The contractor added that international plant EPC and renewable low and zero-carbon energy markets are also expected to expand over the medium to long term.
“Given these circumstances, we have determined that securing a new subsidiary with access to significant engineering and technical resources is essential - not only for promptly responding to the future expansion of the plant EPC market, but also for realizing the key strategy of the Medium-Term Management Plan BSP2025, ‘Transformation of EPC operations’,” said JGC.
The Japanese company added it has long recognized the “exceptional” engineering talent available within India and this new company will allow the wider JGC Group to leverage these resources on upcoming projects worldwide.
