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News Releases

  • 2021/07
    Taiwan: CTCI Provides Free Covid-19 Rapid Test Kit for Employees to Ensure Workplace Safety

    Due to the persistent Covid-19 pandemic and the decision to protect our employees, following a rapid testing program in cooperation with Taipei Medical University Hospital on June 15, CTCI now offers free Covid-19 rapid test kit for employees to take at home starting from July, hoping to strengthen pandemic prevention and ensure colleagues’ safety and health at work.

    The Covid-19 rapid test kit offered to employees is CTCI’s latest measure to protect the health and work safety of all employees, aiming to better protect employees’ health and realize workplace safety management.

    Other prevention measures already in place include reroute, work shifts, campaigns for frequent hand hygiene and performing disinfections, video conferencing, and pandemic insurance. We even developed an app named “myCTCI”, where all colleagues, whether work-from-home or at the office, are able to report health status online for immediate tracking purpose.

  • 2021/06
    Taiwan: CTCI Launches Covid-19 Rapid Testing to Better Protect Its Employees
    Due to the persistent Covid-19 pandemic in Taiwan and the decision to protect our employees, CTCI has officially launched a rapid testing program for over 5,000 employees across the group on June 15 by setting up a “healthy test station” at the CTCI headquarters.

    According to CTCI’s Group Coronavirus Prevention Center, the test station will be able to handle tests of 800 to 900 people daily beginning on June 15 and ending on June 18, with possibility of extension depending on the severity of the pandemic. Employees who live in pandemic “hotspots” are given priority to receive tests. This is a non-compulsory program; however, we expect that as many employees as possible will be tested.

    The testing program is CTCI’s latest measure to protect the health and work safety of all employees, in addition to the reroute, work shifts, and pandemic insurance which have been well in place.

  • 2021/06
    Taiwan: CTCI MAC Completes 48 Pin Piles for CFXD Offshore Wind Farm Significantly Ahead of Schedule

    CTCI Machinery Corporation (CTCI MAC), a CTCI subsidiary company, announced today that it has completed the manufacturing and passed acceptance inspection on completion of all 48 pin piles contracted for Changfang & Xidao (CFXD) Offshore Wind Farm Phase 1 in Taiwan, one and half months ahead of schedule. Thanks to CTCI MAC’s efficient and quality work, the CFXD Project is on track to begin marine work this June and complete first-phase offshore turbine installation by June 2022. The CFXD Offshore Wind Farm in total will have a capacity of 600 MW providing green energy enough to power 600,000 Taiwanese households.

    Yun-Peng Tan, CTCI MAC Chairman, says: “It takes careful planning and trial manufacturing to provide such large number of pin piles in a short timeframe. We used multiple submerged arc-welding machines simultaneously to greatly cut manufacturing time. We have earned praise from the client for our efficient and quality work, and are confident to deliver the second-phase pin piles on schedule and with impeccable quality, thanks to the mature skills and experiences that we now have.”

    “CFXD is the first offshore wind farm in Taiwan that fully sources its pin piles from local companies,” says Marina Hsu, Managing Director at CI Wind Power Development Taiwan, the developer of CFXD Project. “CTCI MAC’s performance is simply remarkable.”

    According to Dennis Sanou, CEO of CFXD Offshore Wind Farm, “CTCI MAC has set an important milestone for the offshore wind power development in Taiwan by completing pin piles ahead of schedule. It means that this new supply chain has been able to speed up their learning curve from orders that enjoy economies of scale.”

    CTCI MAC is responsible for the manufacture of 117 among 186 pin piles in the 600-MW CFXD Offshore Wind Farm, which will see 62 offshore wind turbines. Once the wind farm fully comes online in 2023, it will generate renewable energy enough to power 600,000 households in Taiwan, helping the nation come a step closer to its energy transition goal.

    Besides the 48 pin piles completed in this project so far, CTCI MAC has previously completed transition pieces for Yunlin Offshore Wind Farm.

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Awards & Certifications

  • 2021/06
    Taiwan: CTCI Corporation Remains Top Contractor in CommonWealth Magazine’s Top 2,000 Enterprises Survey while Many Group Companies Join the List
    Seven CTCI Group Companies, including CTCI Corporation, ECOVE Environment Corporation, ECOVE Environment Services Corporation, CTCI Machinery Corporation, CTCI Resources Engineering Inc., CTCI Advanced Systems Inc., and ECOVE Waste Management Corporation, are chosen as this year’s Top 650 Enterprises in Service Sector, as CommonWealth Magazine’s Top 2,000 Enterprises Survey results show in May. CTCI Corporation ranks top 5% and remains No.1 in the contractor category. Many other Group companies also remain on other rankings lists.

    Rankings are primarily based on revenue scale in 2020. In total, 2,100 companies with excellent performances are selected, and are broken down into three categories, namely “Top 1,350 Enterprises in Manufacturing Sector,” “Top 650 Enterprises in Service Sector,” and “Top 100 Enterprises in Financial Services Sector.”

    The following is each Group company’s specific ranking among the top 650 enterprises in service sector:

  • 2021/06
    Taiwan: Three CTCI Listed Companies Remain Top 5% Performers in Corporate Governance Evaluation
    According to the results of the 7th Corporate Governance Evaluation by Taiwan Stock Exchange (TWSE) and Taipei Exchange (TPEx), three listed companies of CTCI Group (CTCI Corp., CTCI Advanced Systems, and ECOVE) scored top 5% in the TWSE and TPEx listed categories respectively. In addition, CTCI Corp. and ECOVE scored top 10% as listed companies in the non-finance and non-electronics industry category with a market capitalization of TWD 10 billion or above. All CTCI companies are in the top notch in both evaluations, which have been divided into 7 and 5 notches respectively.
    This year's evaluations were carried out using 84 indicators in 4 major dimensions: equal treatment for shareholders and protecting their rights and interests, enhancing board structure and operation, increasing information transparency, and putting corporate social responsibility into practice. A total of 1,617 companies, including 905 TWSE listed companies and 712 TPEx listed companies, were evaluated. Once again, the awards are recognition of CTCI's efforts in operational performance, corporate governance, and corporate social responsibility.
    As a leader of Taiwan's engineering industry, CTCI continues to hold fast to its "Most Reliable" brand spirit to improve its corporate governance, and strives for sustainable business performance. Through the promotion of "Total Participation CSR Excellence Practice," CTCI seeks to strike a balance between economic, social, and environmental aspects as part of its contribution towards global sustainability. To date, CTCI Group has received various recognitions from domestic and foreign evaluations, including: being chosen as one of the constituent stocks in Dow Jones Sustainability™ Emerging Markets Diversified Index for six consecutive years; being awarded with Excellence in Corporate Social Responsibility Award by CommonWealth Magazine; and being awarded with the Ten Most Sustainable Company Awards by Taiwan Corporate Sustainability Awards (TCSA).

  • 2020/12
    Taiwan: CTCI Corporation Proud to Be Part of LPIC Project, Hydrocarbon Processing’s Top Project Awards Winner
    CTCI Corporation is pleased to announce that the Liwa Plastics Industries Complex (LPIC) petrochemical project in Sohar, Oman, in which CTCI Corporation plays a substantial role in engineering, procurement, and construction (EPC), has recently been selected by the prestigious Hydrocarbon Processing magazine as the winner of Top Project Awards 2020. This fantastic recognition demonstrates CTCI Corporation’s professional and reliable capabilities in delivering world-class EPC services.

    The US$6.5 billion LPIC project is one of Omani government’s major downstream projects to help diversify the nation’s products portfolio. The complex features 800,000-tpy steam cracker, high-density polyethylene (HDPE) and low-linear-density polyethylene (LLDPE) plants, a 300,000-tpy PP plant, MTBE and pygas units and additional processing units. The owner, Oman Oil Refineries and Petroleum Industries (ORPIC), began commissioning activities on the facility in May.

    CTCI Corporation and CB&I (which later merged into McDermott International) formed a joint-venture, or CCJV, in 2015 to carry out one of the four EPC projects on the complex, or LPIC EPC1-870 KTA Steam Cracker Project. Scope of work included steam cracking units for the main process, pygas unit, MTBE unit, API tank, sphere tank, bullet tank, desalination, wastewater treatment, spent caustic treatment, and incinerator. Lummus-licensed technologies was used for the ethylene cracking process.

    Highlights of CTCI Corporation’s achievements include all-time high record of 77 million man-hours without lost-time injury, efficient construction methods and project management, and innovative solutions, such as spent caustic treatment.

    The award result comes from the poll of thousands of the magazine’s readers over the course of two months. The winners and nominees of the Top Project Awards will have considerable impact on the hydrocarbon processing industry, according to the magazine.

    LPIC project and Visakh Refinery Modernization project in India are the winners of this year’s Top Project Awards in petrochemical and refining categories, respectively. Three other petrochemical projects and four refining projects were also nominated for the Award.

    For detailed report, please refer to the following link: https://www.hydrocarbonprocessing.com/magazine/2020/december-2020/ihydrocarbon-processingi-top-project-awards-2020/ihydrocarbon-processingi-top-project-awards-2020

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Media Contact

CTCI Spokesperson
Mr. Todd Chen
President
Tel: +886-2-2833-9999  # 10238

CTCI Deputy Spokesperson
Mr. Ming-Cheng, Hsiao
Executive Vice President
Tel: +886-2-2833-9999 # 10099
E-mail: ir@ctci.com

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