Dec. 12, 2023

Yokohama, Japan - JGC Holdings Corporation (Representative Director, Chairman and Chief Executive Officer: Masayuki Sato) announced that JGC Corporation (President: Farhan Mujib) has entered into a strategic Collaboration Agreement with Exyte Singapore Pte. Ltd, an Asian subsidiary of Exyte GmbH, for the promotion and execution of Engineering, Procurement and Construction (EPC) projects for high-tech industries in South East Asia's emerging markets.

With the signing of the Collaboration Agreement, Farhan Mujib, JGC Corporation President, has said that both Exyte and JGC share similar values on safety, quality and execution excellence. "Through this collaboration, we will offer unique solutions with industry-leading technical expertise and customer knowledge of Exyte coupled with regional knowledge and project delivery capability of JGC for our customers."

Exyte's CEO, Wolfgang Büchele, has stated that "Since its inception, Exyte has been very successful in pursuing its 'follow the client' strategy. We are present where our clients invest. The Southeast Asian emerging countries are highly attractive for investments in high-tech industries. For Exyte and JGC, there are promising business opportunities in future markets. We are pleased to have found the right partner in JGC, who has already successfully implemented other EPC projects in these countries rich in potential."

Along with development of the digital society, the market size of high-tech industries is continuously expanding. In recent years, the market has been supported by the incentive policies of respective countries for the strengthening of security and supply chains. Capital investment in high-tech industries in Southeast Asia's emerging countries is expected to significantly grow, not just in developed countries such as Japan, Europe, the US, and Singapore.

JGC Corporation and Exyte will jointly promote and execute projects for high-tech industries in targeted South East Asian countries namely Indonesia, Philippines, Vietnam, and Thailand. Under this collaboration, the two companies will conduct joint business development, estimation and execution of EPC projects, collaborately expanding business fields in the region.

　Exyte Group has a history of over 100 years and is recognized as a global leader in providing EPC services specializing in facilities for high-tech industries, such as data centers, semiconductor and battery cell manufacturing, as well as bio-pharma and life sciences. Exyte has outstanding knowledge and experience in the design, engineering and delivery of facilities in those fields. Exyte offers a full range of services from consulting to managing the implementation of built complete solutions with the highest standards in safety and quality. The company has executed numerous projects globally for well-known blue chip clients, international tech, software and mobility companies.

As Exyte's Southeast Asian regional organisation, Exyte Singapore operates in Singapore and Malaysia, and plans to explore business opportunities in its target industries in Indonesia, the Philippines, Vietnam, and Thailand, where further industrial development and market expansion is expected.

JGC Corporation is the JGC Group's overseas EPC business company. JGC Corporation provides professional services through three business units: Energy Solutions, which is involved in EPC projects in the fields of energy transition including LNG; Sustainable Solutions in EPC projects in the fields of sustainable energy such as hydrogen, nuclear and fuel ammonia; and Facility Solutions in EPC projects in the fields of industrial and social infrastructure. JGC has local subsidiaries in South East Asia including Indonesia, the Philippines, and Vietnam, where it has successfully delivered a number of large projects over the past 50 years.

Under our long-term management vision "2040 Vision," JGC is promoting business diversification in the five business domains of "Energy Transition", "Healthcare/Life Sciences", "High Functional Materials", "Resource Recycling", and "Industrial/Urban Infrastructure" under the corporate purpose of "Enhancing Planetary Health". In particular, JGC plans to accelerate overseas business expansion in the "healthcare and life sciences" as well as the "industrial and urban infrastructure" business domains.

Through this Collaboration Agreement, Exyte, with its extensive knowledge and experience in the area of high-tech industries, and JGC Corporation, with its extensive EPC experience in Southeast Asia, will jointly expand EPC business by integrating the strengths and competitiveness of both companies and demonstrating to customers superior proposal, technology, and EPC execution capabilities.

About Exyte Group

Name

Exyte GmbH

Origin

1912

Representative Dr. Wolfgang Büchele, Chief Executive Officer
Address Stuttgart, Germany
Net Sales 7,400 million Euro (Dec, 2022)
Number of Employees 9,000 (Dec, 2022)

Signing Ceremony in Singapore

Standing:

(L) Farhan Mujib

Representative Director, President, JGC Corporation

(R) Dr. Wolfgang Büchele

Chief Executive Officer, Exyte

Seated:

(L) Keiji Nohira

Executive Officer, President, Facility Solutions, JGC Corporation

(R ) Jerry O'Sullivan

Senior Vice President Operations, RA, Exyte Singapore

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Disclaimer

JGC Holdings Corporation published this content on 12 December 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 December 2023 06:05:55 UTC.