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JCN Newswire

MHIEC Builds a New Waste-to-Energy Plant with 194 Tons Per Day-Capacity in Konan City, Aichi Prefecture, Japan

February 14, 2023

TOKYO, Feb 14, 2023 - (JCN Newswire via SEAPRWire.com) - Mitsubishi Heavy Industries Environmental & Chemical Engineering Co., Ltd. (MHIEC), a Group company of Mitsubishi Heavy Industries, Ltd. (MHI), has received an order from the Owarihokubu Waste Disposal Association for building, operation, and maintenance of a new waste-to-energy plant. The association was established to consolidate waste treatment services of four municipalities in the northern Aichi region: Inuyama City, Konan City, Oguchi Town, and Fuso Town in Niwa County. The order calls for construction of an integrated waste-to-energy plant equipped with two stoker-type incinerators(1) collectively capable of processing 194 tons per day (tpd) in Konan City, to replace two superannuated plants in the association's service area. The operation startup is scheduled for April 2028.New Waste-to-Energy Plant of the Owarihokubu Waste Disposal Association (Rendering)Consolidating the services of four municipalities, the new plant will replace two superannuated facilities: Inuyama Waste Disposal Center (capacity: 135 tpd; designed and built by MHI; located in Inuyama City and operated since 1983) and Konan-Niwa Waste Disposal Center (capacity: 150 tpd; located in Oguchi Town in Niwa County and operated since 1982). Under the DB+O(2) contract, MHIEC will also take charge of providing long-term operation and maintenance services of the new plant for a period of 20 years. The contract is valued at 33.15 billion yen (tax excluded).The new facility will employ state-of-the-art technology for municipal waste processing. Besides two stoker-type incinerators each having a processing capacity of 97 tpd, the plant contributes to lighter environmental footprint by reducing CO2 emissions and providing highly efficient power generation. In addition, under the DBM(3) contract, MHIEC will also take charge of providing long-term maintenance services of a materials recovery facility (capacity: 14 tons/5 hours) that crushes and processes incombustibles. MHIEC aims to create a facility that contributes to the reduction of greenhouse gases through the recovery and effective use of energy, the realization of carbon neutrality and a decarbonized society by 2050, along with the formation of a recycling-oriented society.Bidding for the new plant construction project adopted a comprehensive evaluation method taking into consideration not only the bid price but also factors such as technological strengths and operating expertise. MHIEC was awarded the contract due to its attractive business plan for managing the progress of the construction process under the unified responsibility of MHIEC and specific proposals regarding the operation at the materials recovery facility, in addition to its contributions to the local economy, such as local procurement of construction materials and employment plans for local human resources. In construction and operation of the new facility, MHIEC will work closely with a group of five local companies in the association's service area.MHIEC succeeded MHI's environmental protection business in 2008, taking over its accumulated technological development capabilities in environmental protection systems and abundant expertise in the construction, operation, and maintenance of waste management facilities both in Japan and overseas. Based on this robust track record, the company is well positioned to propose comprehensive solutions encompassing all aspects from plant construction to operation and maintenance, and it can also respond to needs for after-sales servicing and long-term operation and maintenance. Going forward, MHIEC will continue to seek order expansion worldwide through proactive offering of proposals for enhancing the efficiency of existing facilities, making incinerators more advanced through AI and IoT supported remote monitoring and automated operation, and lowering life-cycle costs (LCC).(1) A stoker incinerator is the most widely adopted type of furnace used in waste-to-energy plants. Waste is combusted as it moves along a fire grate made of heat-resistant castings.(2) Under a DB+O (design, build plus operate) contract, a public institution designs, constructs, and owns a facility and comprehensively entrusts the maintenance and management of the facility to a private company for several years.(3) Under a DBM (design, build, maintenance) contract, a public institution designs, constructs, owns, and operates a facility and entrusts the maintenance and management of the facility to a private company. Copyright 2023 JCN Newswire. All rights reserved. (via SEAPRWire)

JCN Newswire

NTT Com and DENSO to Collaborate to Provide Security Operation Center for Vehicles

October 18, 2022

KARIYA, JAPAN, Oct 18, 2022 - (JCN Newswire via SEAPRWire.com) - NTT Communications Corporation (NTT Com), the ICT solutions and international communications business within the NTT group, and DENSO CORPORATION (DENSO), the global manufacturer of mobility components offering advanced mobility technologies, systems and products, announced today that it will collaboratively develop the Security Operation Center for Vehicles (VSOC1) to respond to the threat of increasingly sophisticated cyber-attacks against vehicles. Culminating from past efforts2, this collaboration combines the strengths of NTT Com and DENSO to establish and develop the technologies that comprise the VSOC(vehicle SOC) service and its operation systems. NTT Com provides its technological capabilities related to managed IT security, including networking, cloud computing, and ICT SOC, while DENSO leverages its unique technologies related to information security, communications, and data analysis, which it has cultivated in the areas of in-vehicle systems, vehicle cybersecurity, and connected car development. The two companies, both of which have extensive expertise in the IT and mobility fields, will work together to provide robust VSOC services that can accurately respond to evolving vehicle-related cyber-attacks. The collaboration aims to provide key services that enable prompt incident response at car manufacturers and mobility providers. Services to be provided include:- Vehicle monitoring and cyber-attack detection by automating the acquisition of log output from communications, connected servers, and security devices installed within vehicles- Detection of cyber-attack trends along with the details of actual attacks against vehicles on an individual or fleet-wide basis- Analysis of cyber-attacks and threats by expert security analysts, reporting of results and forensic information that facilitates recovery and response efforts, and real-time visualization and alerting for customers through a client portal site- Reliable and highly-available vehicle security monitoring on a global scale, built atop of NTT Com's proven infrastructure and operational experienceAs the number of vehicles facing threats from sophisticated cyber-attacks continues to grow, it is necessary to monitor connected cars, detect and analyze attacks at an early stage, and take appropriate measures. Through this collaboration, the two companies aim to provide VSOC services and accelerate their development to contribute to the realization of a safe and secure mobility society. NTT Com and DENSO began developing technology to detect and analyze vehicle cyber-attacks in 2017. Since 2020, the technology was further refined by simulating attack scenarios against vehicles and measuring responses to various events, including the detection of attacks and the analysis of the scope of impact using an experimental VSOC.(1) VSOC is an abbreviation for Security Operation Center for Vehicles. It refers to an organization that specializes in detecting and analyzing cyber-attacks on vehicles and developing countermeasures against them. (2) DENSO and NTT Communications Starts Validating Jointly Developed Vehicle Security Operation Center Technology to Realize Resilient Security Solutions for Connected Cars (published in December 2019)About NTT CommunicationsNTT Communications solves global technology challenges by helping enterprises utilize managed IT-infrastructure solutions to overcome complexity and risk in their ICT environments. These solutions are backed by our worldwide infrastructure, including industry-leading, global tier-1 public and private networks reaching over 190 countries/regions, and more than 500,000m2 of the world's most advanced data center facilities. Now as the core provider of the DOCOMO group's enterprise-business services and solutions, we create value through global-scale support for structural changes in industry and society, new workstyles, and digital transformation in communities. Together with NTT Ltd., NTT Data, and NTT DOCOMO, we are the NTT Group. www.ntt.com; Twitter@NTT Com; Facebook@NTT Com About DENSO DENSO is a $45.1 billion global mobility supplier that develops advanced technology and components for nearly every vehicle make and model on the road today. With manufacturing at its core, DENSO invests in its 198 facilities to produce electrification system, powertrain system, thermal system, mobility electronics, & advanced devices, to create jobs that directly change how the world moves. The company's 167,000+ employees are paving the way to a mobility future that improves lives, eliminates traffic accidents, and preserves the environment. Globally headquartered in Kariya, Japan, DENSO spent 9.0 percent of its global consolidated sales on research and development in the fiscal year ending March 31, 2022. For more information about global DENSO, visit www.denso.com/global/en/. Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)

Far East Horizon Announces 2022 Interim Results

August 29, 2022

HONG KONG, Aug 29, 2022 - (ACN Newswire via SEAPRWire.com) - Far East Horizon Limited (Stock Code: 03360.HK), a leading financial services and industrial group in China, announced its interim results for the six months ended 30 June 2022.Financial ReviewIn the first half of 2022, the international and domestic environment was complex and volatile, with increasing risks and challenges. Although the environment was posing new challenges to China's stable economic growth, the economy generally demonstrated a steady recovery. In reliance upon China's real economy, the Group continued to adhere to the operational philosophy of "finance + industry", and achieved stable growth in overall results in spite of the complicated and ever changing macro environment.During the Review Period, the Group realized revenue of RMB17.72 billion, representing an increase of 9.46% year-on-year ("YoY"). Among which, the financial and advisory segment remained stable overall with a slight increase, accounting for 65.17% of the total income (before taxes and surcharges). Structurally, financial services maintained growth, while advisory services recorded decline. The industrial operation segment continued to record substantial growth with an increase of 21.13% YoY, accounting for over 30% of the total income (before taxes and surcharges). The profit attributable to holders of ordinary shares of the Company during the Review Period amounted to RMB2,842 million, representing an increase of 10.47% YoY, basic earnings per share reached RMB0.68, together with the return on average equity (ROE) of 13.58%, demonstrating a steady growth momentum.Financial Business Developed Steadily with Significant Growth in Industrial OperationIn the first half of 2022, with respect to market competition, focusing on market changes and customer needs, the Group continued to strengthen the practice of the concept of "model innovation", and accelerated its implementation at the level of financial services and industrial operations, so as to form differentiated advantages from strategy to tactics, thereby ensuring the healthy development of the Company in a highly uncertain environment.In terms of financial business, to address the changes in financial needs in the market, the Group took "urban upgrading and industrial private bank" as its core strategy and simultaneously promoted the strategy in four aspects, namely the industry, customer base, regions and products. At the same time, the Group continuously strengthened the operational efficiency and service coordination of inclusive finance, overseas business, PPP investment, non-performing asset management and other businesses to ensure high-quality and stable development. During the Review Period, the income (before taxes and surcharges) of the financial and advisory segment was RMB11.60 billion, representing an increase of 4.17% YoY; Income derived from financial services increased by 12.39% YoY. In particular, interest income contribution from inclusive finance, commercial factoring, PPP investment, overseas business, asset business and other new business directions amounted to RMB1,187 million, representing an increase of 35.91% YoY. Income derived from advisory services decreased by 39.23% YoY mainly due to the active adjustment and continuous optimization of the Group's service structure in response to customers' needs after changes in the external operating environment.During the Review Period, the overall asset quality of the Group remained safe and under control. The non-performing asset ratio remained at a low level of 1.06% as at 30 June 2022, which remained the same as at the end of last year.In terms of industrial operation, the Group continued to stay close to the local markets, innovated service models, strengthened operational efficiency, emphasized management effectiveness, and highlighted differentiated competitive advantages. The income of the industrial operation segment sustained continuous growth. The industrial operation segment, which comprises of Horizon Construction Development, Horizon Healthcare and others, realized a total income of RMB6,198 million, representing an increase of 21.13% YoY. Income of the industrial operation segment increased to account for 34.83% of the total income.In particular, as a leading equipment operation service provider in China, Horizon Construction Development actively expanded its business size and consolidated its competitive advantages. Horizon Construction Development realized an income of RMB3,565 million during the Review Period, representing an increase of 46.73% YoY. As a large medical group funded by social capital in China, Horizon Healthcare has been actively responding to the country's call to encourage the communities to establish hospitals and expand the supply of quality medical services, continuing its focus on areas with scarce medical resources, and building a hospital network with unique Far East characteristics. During the Review Period, Horizon Healthcare realized an income of RMB2,067 million, representing an increase of 4.05% YoY.In the first half of 2022, in the face of the complex and difficult external environment, the Group adhered to its original aspiration and followed its development vision of "vigorously building excellent enterprises", placed more emphasis on the persistence and effectiveness of value creation, and continuously created incremental value for shareholders, customers, partners and employees. In the second half of the year, the Group will reinforce its strategic focus and operational efficiency, focus closely on the real economy, use finance as the major means to provide service, enrich service forms, enhance service capabilities, strengthen strategic synergies, and connect domestic and overseas markets, so as to lay a solid foundation for the Company's sustainable development.About Far East Horizon LimitedFar East Horizon Limited is one of China's leading innovative financial companies focusing on the Chinese fundamental industries and leveraging the business model of integrating finance and industry to serve enterprises of greatest vitality with the support of the fast-growing and enormous economy in China. Based on its operational philosophy of "finance + industry", Far East Horizon endeavours to realize its vision of "Integrating global resources and promoting China's industries" by making innovations in products and services to provide our customers with tailor-made integrated operations services. Over the past more than 10 years, the Group has been leading the development of the industry, and has been listed among the Fortune China 500 and Forbes Global 2000.Over the past two decades, the Group has evolved from a single financial service company into an integrated service provider with a global vision centered on China so as to facilitate national economic and sustainable social development. With the creative integration of industrial services and financial capital and with unique advantages in the organization of resources and value added services, we provide integrated finance, investment, trade, advisory and engineering services in healthcare, cultural & tourism, engineering construction, machinery, chemical & medicine, electronic information, public consuming, transportation & logistics, urban public utility as well as other fundamental sectors.The Group, headquartered in Hong Kong, has business operations centers in Shanghai and Tianjin, and has offices in major cities throughout China such as Beijing, Shenyang, Ji'nan, Zhengzhou, Wuhan, Chengdu, Chongqing, Changsha, Shenzhen, Xi'an, Harbin, Xiamen, Kunming, Hefei, Nanning and Urumqi, forming a client service network that covers the national market. The Group has been successfully operating its multiple specialized business platforms in China and abroad in financial services, industrial investment, hospital investment and operations, equipment operation services, exquisite education, trade brokerage, management consulting, engineering services, etc.The Company was officially listed on the Main Board of The Stock Exchange of Hong Kong Limited on 30 March 2011. Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)