SINGAPORE, June 24, 2013 /PRNewswire/ --
Aggreko, the world leader in the supply of temporary power generation and temperature control, today announced it will be relocating its APAC regional headquarters to a new facility at Jalan Buroh during a ground breaking ceremony attended by senior representatives from Singapore's Economic Development Board, JTC Corporation, British High Commission and United Kingdom Trade & Investment.
Currently, Aggreko's APAC HQ is responsible for operations in Singapore, Vietnam, Malaysia, Thailand, the Philippines, Indonesia, Japan and South Korea. The new facility will allow the company to grow over the next 30 years as it expands its service in the region.
The underlying market for power and temperature control rental is growing at an average of two times the gross domestic product (GDP), with emerging markets expected to experience faster GDP growth. With the significant investment in Aggreko's new APAC headquarters, the Company seeks to continue to drive growth in its local business and support new product development to deliver highly efficient power generator engine designs, allowing for temporary power generation and temperature control anywhere, anytime.
Debajit Das, President Aggreko APAC, said: "Since we established our office in Singapore more than 20 years ago, the country has continued to be a strategic gateway for us to expand our operations and tap into long-term growth opportunities in the region. This investment is yet another step towards ensuring the provision of premium services to our ever increasing range of customers, based across many markets. We are well known for our ability to provide 24 hours a day, seven days a week reliable temporary power and temperature control services, allowing customers to continue with their businesses uninterrupted. Asia Pacific is a key region for us, and we look forward to expanding our temporary solutions to customers in need of a reliable rental partner."
Mr. Goh Chee Kiong, Executive Director of Cleantech at Singapore Economic Development Board, commented: "With Asia as the largest market in the world for power, Singapore offers an ideal home where global power companies can grow their business in the region and develop future-ready solutions with partners. We warmly welcome the decision by Aggreko, a global leader in the field of power and temperature control rental solutions, to locate its Asia Pacific headquarters and Centre of Excellence for Asia in Singapore. Aggreko's expansion affirms the value that Singapore offers to the power equipment industry in terms of talent, capabilities and regional connectivity."
Covering 11,700 square metres, the new building will have four storeys with a built-up area of approximately 7,500 square metres. The office will be based on environmentally-friendly Green Building concepts and features such as energy-efficient and sensor-based lighting, efficient air-conditioning systems to minimise energy waste and smart sanitary ware. The office will consist of a state-of-the-art reception and customer gallery, a Centre of Excellence training facility, meeting rooms, recreation centre, dining facilities and a terrace garden.
In 2012, Aggreko plc had revenues of over £1.5 billion (approximately US$2.4 billion). The Asia Pacific region contributed 24 per cent of Aggreko's group revenue, making it the largest geography by revenue in the Company's operations.
For more information visit http://asia.aggreko.com.
Aggreko plc is the world leader in the supply of temporary power and temperature control solutions. Aggreko employs over 5,700 people operating from 194 locations. In 2012 we served customers in about 100 countries, and had revenues of approximately GBP 1.5bn (USD 2.6bn). Aggreko plc is listed on the London Stock Exchange (AGK.L), is a member of the FTSE-100 index, and is headquartered in Scotland.
Aggreko provides power and temperature control solutions to customers who need them either very quickly, or for a short or indeterminate length of time. Examples would be the supply of power to an industrial site which needs to service its permanent power supply, supplying a whole city in times of power shortage, or providing a major sporting event with power and cooling systems. We serve our customers either through our 194 service centres, which we call the Local business, or globally through our Power Projects business.
In the Local business, which accounts for about half of our revenues, we hire our equipment to customers, who then operate it for themselves, although we retain responsibility for servicing and maintaining it. In the Power Projects business, which also accounts for about half of our revenues, we operate as a power producer. We install and operate power plants and we charge our customers both for providing the generating capacity, and for the electricity we produce. We design and manufacture equipment specifically for these requirements in our factory in Dumbarton, Scotland.
Recent customers include the London 2012 Olympic and Paralympic Games, the Vancouver 2010 Olympic Winter Games and the power utilities in over 50 countries including the UK, France, Angola, Kenya, Indonesia, Bangladesh, Venezuela, Chile, Brazil and the USA.
In 2012 we fulfilled almost 45,000 customers' assignments and 70% of those who responded to our research gave us a recommendation of 9 or 10 out of 10.