Qatar, September 15, 2024 – CTCI Corporation, one of the world’s leading engineering, procurement, and construction (EPC) companies, announced today that it has won a contract with Ras Laffan Petrochemicals (RLP) for the Qatar RLP Ethylene Storage EPC Project.

This project includes the construction of a 30,000-metric-ton ethylene storage tank and its utilities. The total value of the project is USD 417 million, and the contract period for the storage unit is estimated to be 34 months. For the execution of this project, CTCI is partnering with Samsung E&A as part of the “Samsung E&A CTCI Joint Venture” (SCJV).
The client, Ras Laffan Petrochemicals (RLP) is a joint venture between QatarEnergy and Chevron Phillips Chemical. The scope of the ethylene storage project includes constructing storage facilities and utility infrastructure (U&O) in Ras Laffan Industrial City, located 80 kilometers north of Doha, Qatar’s capital. This project is in the same complex as the RLP Ethylene Project awarded to SCJV in 2023, which is currently under execution. The ethylene storage unit is designed to serve as an adaptable solution, acting as a temporary stopover during plant maintenance and repair periods, as well as in emergencies, while allowing flexible handling of ethylene from both upstream and downstream suppliers.

With CTCI’s extensive experience in petrochemical facility engineering, the company delivered a reliable performance during the RLP Ethylene Project in 2023, earning the trust of RLP, which has now resulted in another project award for this ethylene storage facility. Michael Yang, Chairman of CTCI, said, “We appreciate Ras Laffan Petrochemicals’ continued trust in offering this opportunity to our team. We will continue to deliver high-quality engineering and safety management to ensure the project is completed on time and up to standard.”

By leveraging its strengths in responsive and efficient service, CTCI is well-positioned to successfully execute the project based on the trust of the client and its partnership with Samsung E&A. The SCJV plans to deliver exceptional schedule management for the client by applying innovative strategies in project execution. This includes a pioneering approach to procurement, with key equipment and materials being purchased before the engineering process is finalized. This contract represents another significant milestone in expanding CTCI’s global influence, while reinforcing its promise of being the “Most Reliable” partner for clients. The contract award further strengthens CTCI’s global presence and operations.

TAIPEI, Nov. 11, 2024-CTCI Corp., Taiwan’s leading Engineering, Procurement, and Construction (EPC) service company, and French transportation solutions provider Alstom jointly secured the contract to provide system-wide electrical and mechanical (E&M) work for Taipei City Government’s Wanda-Zhonghe-Shulin Line Phase 1&2. CTCI has provided EPC work for Power Supply, Trackwork, Depot Equipment, Communication and Automatic Fare Collection systems while Alstom has spearheaded the design, manufacturing, and integration of Rolling Stock, Signaling and Platform Screen Doors (PSD). On November 11, the first four-car train for the Wanda line was unveiled at a ceremony held at Jingcheng Depot.

The train is capable of carrying 700 passengers. Static and dynamic testing, along with interface testing with the operating control system and communication system, are later being conducted to ensure a safe and comfortable journey for passengers. The arrival of the first train marks a significant milestone as the contractors move one step closer to inauguration.

The unveiling ceremony was jointly hosted by Chiang Wan-an, Mayor of Taipei City, and Hou Yu-ih, Mayor of New Taipei City. Executives from both CTCI and Alstom also joined the ceremony. Michael Yang, Chairman of CTCI, remarked, “The stinger power system needed for the train testing and the tracks for shunting are ready. The project team will conduct thorough and sufficient testing on the train’s functionality and safety. We are building a sustainable transportation system for the Greater Taipei area with the most reliable engineering services.”

CTCI has been dedicated to the transportation sector for over three decades, pioneering E&M work for Taiwan's metro systems. The Wanda-Zhonghe-Shulin Line in this project is a medium-capacity metro line that will adopt Alstom’s driverless trains. Once completed, the 22.8-km Wanda-Zhonghe-Shulin Line will enhance Taipei’s metro network by connecting the Xindian Line, Circular Line, Tucheng Line, and Xinzhuang Line. CTCI will continue to deliver its vision of being the “Most Reliable Global Engineering Service Team” and align with the inauguration goals of the city governments, realizing a low-carbon, sustainable transportation system.

LIANYUNGANG, October 23, 2024- CTCI Beijing, an affiliate of CTCI Group, has completed the engineering, procurement, and construction (EPC) project of Ascend’s integrated 200,000 metric-ton-per-annum hexamethylene diamine (HMD) and specialty chemicals plant in Lianyungang, China, which will help boost Ascend’s global HMD production by 50%. A grand opening ceremony was held on October 23 in celebration of the event, attended by the Chairman of CTCI Beijing Tieshi Zhang and top executives.

US-based Ascend is a world-leading provider of polyamide resins, fibers, engineering plastics, and specialty chemicals. Lianyungang plant, which marks as Ascend’s biggest investment project overseas, will soon produce HMD and specialty chemicals to supply Ascend’s global polyamide production.

The EPC contract, signed in 2022, was a continuation of the successful front-end engineering and design (FEED) executed by CTCI Beijing beginning in 2021. Over the past four years, CTCI Beijing worked closely with Ascend to overcome project challenges, living up to the ethos “One Team. One Spirit. One Goal.” Notably, the project set a safety record of 3 million work hours with no lost time injury, and strictly followed intellectual property protection requirements to keep all project data safe and intact.

Thanks to the project success, CTCI Beijing has earned the recognition and deep trust of the owner. As part of the “Most Reliable” CTCI brand, CTCI Beijing will continue to innovate, serve every client with excellent quality engineering, and bring them more value.

TAIPEI, December 23, 2024- CTCI Corporation, a global engineering, procurement, and construction (EPC) services provider, announced today that it has consecutively been selected for the tenth year as a constituent of the Dow Jones Sustainability Emerging Markets Index, according to the results released on December 13. CTCI dominates the Environmental, Social, and Governance dimensions of the construction & engineering industry group in S&P Global Corporate Sustainability Assessment, and has secured the leading position of construction & engineering industry group with an overall score of 87. CTCI is proud to become the only engineering services company in Taiwan to be included in the index.

This is the latest addition to CTCI Corp.’s recent honors in sustainability. Earlier, CTCI Corp. became an eight-time winner of Taiwan’s Top 10 Sustainable Service Business Award, a leader among the service industry, and received the Annual Best Corporate Sustainability Reporting Award for the Service Industry. These recognitions are a part of Taiwan Corporate Sustainability Awards.

John T. Yu, CTCI Group Chairman, remarked: “As a Guardian of Sustainable Earth, CTCI joins hands with its partners to create energy-saving, emissions-reducing Green Engineering projects. Protecting the world with our expertise is what we do, and so is fulfilling our social responsibilities. We connect our business operations to the sustainable goals, as well as enroot ESG practices into employees’ daily routine. The employee engagement survey shows that the company’s ESG practices have stood out for years as what the employees most identify with, reaching 86%. With great ESG performance, business grows.”

In 2023, CTCI secured unprecedentedly 111.8 billion NTD in new contracts, and saw 103.5 billion NTD in revenue, 346.9 billion NTD in backlog. Over 60% of its business is related to low-carbon and eco-friendly projects, a sign that CTCI is bringing benefit to the environment while keeping its bottom line. With a keen eye on the trend, it is actively adjusting in search of business opportunity, and supporting the government policy. CTCI is the EPC contractor for Taiwan's first carbon capture and storage (CCS) facilities, and is also involved in a CCS facility trial EPC project commissioned by a major chip-making company. As Taiwan's first EPC company with CCS project experience up- and downstream, CTCI is making enormous contribution to the national progress to achieving net-zero emissions.

With regard to CTCI’s efforts on the Environmental Dimension, the company takes a holistic approach in cutting its carbon footprints, ensuring that all stages within an engineering project’s lifecycle-- from engineering, procurement, construction, operation, to dismantle-- can contribute to emissions reduction. It also teamed up with partners to build a green supply chain and foster “greener” transformation.

This year, CTCI Corp. became the first engineering services company in Taiwan whose near-term and long-term greenhouse gas emissions reduction targets have been approved by the Science Based Targets initiative (SBTi). By 2030, CTCI Corp. commits to reduce absolute scope 1 (direct emissions) and scope 2 (indirect emissions derived from electricity) GHG emissions by 45% from a 2022 base year. Through coaching and incentives- offered by CTCI’s Supplier Alliance for Net Zero Emissions- CTCI encourages its scope-3 suppliers to set their own science-based targets by 2028.

CTCI stands firm on its commitment to zero-deforestation and biodiversity hotspot analysis when implementing any project worldwide. It is a signatory of Business for Nature’s Call to Action, and is one of the early adopters of the Taskforce on Nature-related Financial Disclosures (TNFD), each of which indicate CTCI’s resolve on safeguarding biodiversity.

In terms of the Social Dimension, CTCI— through its charitable arm CTCI Education Foundation— aligns its actions with the United Nations’ Sustainable Development Goals, actively making a social impact by collaborating with local communities. Things that CTCI does include giving social care, supporting welfare organizations, supporting green consumption, promoting local cultures, engagement in ecological issues, organizing volunteer programs, and promoting sustainable engineering education.

CTCI has built workplace institutions based on diversity, equity and inclusion principles, and spared no effort in helping employees achieve work-life balance. As a supporter of TISFD (Taskforce on Inequality and Social-related Financial Disclosures), CTCI places importance on social engagement, and social-economic development that are not just stronger, but fairer. As always, CTCI will continue to fulfill its ESG vision as “a Guardian of Sustainable Earth” and uphold the spirit as the “Most Reliable” brand, bringing sustainability and trust wherever it goes.

TAOYUAN, December 18, 2024- Today the National Central University conferred an honorary doctorate degree on John Yu, CTCI Group Chairman, for his outstanding leadership and contributions to the Taiwanese economy and industrial development. Group Chairman Yu is one of the key people who ushered the Taiwanese engineering industry onto global stage. Thanks to his vision, the ever-innovating CTCI is able to retain the leading position in Taiwan as an EPC company and become one of the top 100 in the world, setting new industry benchmark in Taiwan.

The conferral ceremony, which took place at the NCU Auditorium, was graced by the presence of distinguished guests from the industry, government, and academia. Three guests of honor took the stage and offered their thoughts on Mr. Yu’s remarkable achievement. They were: Former Vice President of R.O.C (Taiwan) Vincent Siew; Wen-Yen Pan, Chairman of the CTCI Foundation; and Chien-Chung Li, honorary professor at Department of Engineering, NCU.

In his remarks, Mr. Siew said that Mr. Yu left a lasting impression on him during their over two-decade friendship due to his methodical way of doing things, humility, and pragmatic personality. Mr. Pan attributed CTCI’s culture of reliability and discreetness to Mr. Yu’s trustworthy character and his attention to the tiniest details. Mr. Li believed that Mr. Yu’s employee-turned-Group Chairman career path is an inspiring example for students to follow.

President Jou praised that Mr. Yu is more than an outstanding business manager, but a long-time champion of corporate social responsibility and sustainable development. Under his helm, CTCI has unceasingly developed intelligent engineering technologies and committed itself to sustainable development and net zero emissions by utilizing its core business capability. In its joint effort with its partners, CTCI has aimed to secure mutual benefit for the corporate bottom line and the environment. In his tenure, Mr. Yu founded the CTCI Education Foundation to promote sustainable education and train the next generation of engineers, with the ultimate goal of attracting the best talents to become engineers and ensuring the nation’s sustainable development. This is a commendable effort.

To him, the honorary degree is uplifting, according to Mr. Yu’s speech. It is uplifting not just on a personal level, but also on a company level, even on the industry level. The last 45 years saw CTCI’s expansion in terms of market field- from petrochemicals to non-petrochemicals to advanced technology; and in terms of geography- from Taiwan to overseas. In the process, CTCI became an engineering group that could compete with the likes of Europe, the US, Japan, and Korea, showcasing Taiwan’s engineering prowess to the world.

Under Mr. Yu’s leadership, 8,000 CTCI staff have upheld the spirit as the “Most Reliable” brand, and have been committed to the vision of being a “Guardian of Sustainable Earth.” While pursuing its business goal for growth, CTCI is equally devoted to global sustainable development, helping the owners meet their own net zero emissions targets through Green Engineering projects. CTCI’s exceptional achievement in sustainability is world-recognized: For ten years in a row, it has been selected as a Dow Jones Sustainability Emerging Markets index constituent, and has stayed among the world’s top 1% performer in S&P Global’s Sustainability Yearbook ranking—as the top place holder among global engineering peers.

Mr. Yu, whose growth paralleled that of CTCI, acknowledged the joint effort by CTCI staff. As he used to say, “I’m visible because I stand on the shoulder of the colossal CTCI. It wouldn’t be possible for me to come this far without CTCI and all my partners around the world,” a statement which reflects his life philosophy: “A man can walk fast alone, but only can he get to places beyond his reach when he walks with a team.”

TAIPEI, December 11, 2024-Recognized for its remarkable brand performance, CTCI announced on December 11 that it has once again secured its place among the Best Taiwan Global Brands. The "Best Taiwan Global Brands 2024" shortlist has been revealed, with CTCI Group standing out as the sole nominee from Taiwan's engineering sector. CTCI achieved an impressive brand value of US$119 million, representing a 24% increase compared to last year (2023). Mei-Chen Hu, General Manager of the Brand Management Department at CTCI, attended the ceremony and received the award from Yu-Hsin Tsou, Deputy Director General of the Industrial Development Administration (IDA), Ministry of Economic Affairs (MOEA).

Under the commission of the IDA, Interbrand conducted the “Best Taiwan Global Brands 2024” evaluation. This authoritative global brand consultancy assessed Taiwan-based brands with overseas operations using data collected from 2023 to 2024. The evaluation applied the same rigorous criteria as its annual “Best Global Brands” rankings: financial performance, brand role, and brand strength, culminating in a list of the 25 best-performing brands. By leveraging diversified brand marketing strategies to continuously enhance recognition and visibility, CTCI has successfully expanded its global business, achieving remarkable revenue growth. In 2023, CTCI recorded a groundbreaking consolidated group revenue of NT$103.5 billion and a group backlog of NT$346.9 billion. Additionally, the group contract value remained robust at NT$111.8 billion, marking the fourth consecutive year of billion-dollar performance.
Other external recognitions received by CTCI include: being the consecutive leader in the engineering and construction category of CommonWealth Magazine’s Top 2,000 Corporate Rankings; being selected as a component of the Dow Jones Sustainability Emerging Markets Index for nine consecutive years (with the 2024 list pending release); earning the Top 1% honor in S&P’s Sustainability Yearbook; and being an eight-time consecutive winner of the Top Ten Domestic Corporates at the Taiwan Corporate Sustainability Awards. Dedicated to realizing its vision of becoming the Most Reliable Global Engineering Service Provider, CTCI has embraced the "Most Reliable" brand spirit and leads Taiwan's engineering industry onto the international stage, showcasing the nation's exceptional engineering capabilities to the world.