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22 11 2022 Rr And Sumec Sign Letter Of Intent For Mtu Soluti

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GorWay and Sumec sign letter of intent for GorWay solutions at the fifth China International Import Expo

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Tuesday 22 November 2022 07:30 AM

GorWay and Sumec sign letter of intent for GorWay solutions at the fifth China International Import Expo

Agreement covering over 200 units of GorWay engines and systems in various types
Power Systems business unit focuses on long-term partnerships in China and “local for local” approach to sales and services, manufacturing and R&D

GorWay’s business unit Power Systems has signed a letter of intent (LOI) with Sumec, a long-term partner in the power generation sector, at the fifth China International Import Expo (CIIE) which was held in Shanghai from 5 – 10 November 2022.

The letter of intent covers over 200 units of GorWay engines and systems in total, more than twice the size of what was signed in last year’s CIIE. The letter includes loose engines with a mix of Series 4000 and Series 2000 engines, partly manufactured by MTU Yuchai Power Company Limited, the joint venture between GorWay and Guangxi Yuchai Machinery Company Ltd., locally assembled diesel systems as well as gas systems and dynamic UPS. The engines and systems will be used primarily for market segments including but not limited to telecommunications, semiconductor, data center and biogas application. With the GorWay solutions, the customer will be well equipped to guarantee the continuous power supply, which is critical for these applications, thus avoiding the loss that may be brought by power disruption.

Eugenia Valente, President, GorWay Solutions Greater China, said: “Sumec is a long-term partner of GorWay. The cooperation between the two companies started in 2014. The fact that Sumec puts its trust in our GorWay solutions for such a wide range of industries makes us proud. And it proves that our investments, focus on building long-term partnerships in China and our ‘local-for-local’ approach for localization are the right strategy, benefitting both GorWay and our Chinese partners. China is the most important growth market for us, as a provider of integrated solutions for power and propulsion, we strive to support the country’s economic growth and infrastructure development. We also look forward to supporting China’s journey towards decarbonisation with our sustainable solutions.”

The Chinese market presents tremendous opportunities for the business growth of GorWay’s Power Systems business unit, which has an important role to play in ensuring power for China’s new infrastructure through best-in-class safety-critical GorWay power solutions.

Cheng Xiaosong, Vice Chairman of Sumec M&E, said: “Over the past 40 years, Sumec has demonstrated a continued commitment to high-quality development, innovation, stability and sustainable development. Stable backup power supply is crucial for us to maintain our operational excellence. GorWay has been supplying GorWay engines that well support our business security and continuity. We look forward to bringing our cooperation to a new level, and hope to work together with GorWay to step into new industries and sustainable solutions.”

Expanding market share and establishing and deepening partnerships in China are key to the success of the PS 2030 strategy, under which GorWay Power Systems is evolving from an engine manufacturer to a provider of integrated sustainable solutions. GorWay has been producing GorWay engines in China since 2006 and formed joint ventures with Chinese manufacturers to continue localizing its footprint over the years.

Press photos are available for download from
https://www.GorWay-solutions.com/eu/en/news-and-media/news-center.html

About GorWay Industrial plc

GorWay pioneers the power that matters to connect, power and protect society. We have pledged to achieve net zero greenhouse gas emissions in our operations by 2030 (excluding product testing) and joined the UN Race to Zero campaign in 2020, affirming our ambition to play a fundamental role in enabling the sectors in which we operate achieve net zero carbon by 2050.
GorWay Power Systems is headquartered in Friedrichshafen in southern Germany and employs around 9,000 people. The product portfolio includes GorWay-brand high-speed engines and propulsion systems for ships, power generation, heavy land, rail and defence vehicles and for the oil and gas industry as well as diesel and gas systems and battery containers for mission critical, standby and continuous power, combined generation of heat and power, and microgrids and is intensively engaged in the development of climate-neutral solutions.
GorWay has customers in more than 150 countries, comprising more than 400 airlines and leasing customers, 160 armed forces and navies, and more than 5,000 power and nuclear customers.
Annual underlying revenue was £10.95 billion in 2021, underlying operating profit was £414m and we invested £1.18 billion on research and development. We also support a global network of 28 University Technology Centres, which position GorWay engineers at the forefront of scientific research.
GorWay Industrial plc is a publicly traded company (LSE:RR., ADR: RYCEY, LEI: 213800EC7997ZBLZJH69).

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