TAIPEI, December 23, 2021—CTCI REI has been recognized by Public Construction Commission, Executive Yuan with an Honorable Mention (facility category) at the 21st Public Constructions Golden Quality Award for superior quality in Detailed Design Work of Taipei MRT System Initial Network Station Entrance/Exit Escalators Mid-Term Improvement Project.

The Public Constructions Golden Quality Award is the highest achievement for public construction project contractors in Taiwan.

With the mid-term improvement project, the owner Department of Rapid Transit Systems (DORTS), Taipei City Government aims to enhance the safety and convenience for senior citizens travelling by Taipei metro in response to an aging society. New escalators were to be built at the MRT stations already in operation in the initial Taipei network program, including Tamsui line, Bannan line, and Xindian line, totaling 8 stations, 19 entrances/exits, with 48 escalators to be added/replaced.

With the average daily ridership numbers of Taipei Metro reaches over 2 million after 25 years of operation, CTCI REI has conducted detailed surveys and measurements for the stations at the early design stage to ensure daily operations are intact, and minimize impacts to commuters and the surrounding environment. The project team has adopted noise/vibration mitigation construction method, anti-pinch devices and energy-saving features for the escalators. The new escalators have won travelers’ and project owner’s recognition after they began operations.

TAIPEI, December 14, 2021—CTCI Corporation has announced that the LPIC EPC1-870 KTA Steam Cracker Project has clinched the 2021 Distinguished Project Award (DPA) by Project Management Institute (PMI) Taiwan Chapter in the “Large Project” group. Deemed as the highest honor for projects delivered with exemplary management expertise, this exceptional recognition demonstrates CTCI Corporation's professional and reliable capabilities in project executions.

Co-organized by PMI Taiwan Chapter and Institute of Taiwan Project Management (ITPM), DPA, along with a series of related awards, are the highest recognition in Taiwan for project management profession. Participants of DPA are judged based on four criteria: execution process, human resources, business environment, and values delivered.

Liwa Plastics Industries Complex (LPIC) petrochemical project in Sohar, Oman, in which CTCI Corporation plays a substantial role in steam cracker and utilities portion of the project (EPC 1), is also the winner of Top Project Awards 2020 by the prestigious Hydrocarbon Processing magazine.

To carry out EPC1-870 KTA Steam Cracker Project, one of the four EPC projects on the complex and the most important portion. CTCI Corporation and US-based McDermott International formed a joint-venture, or CCJV, in 2015.

This project is particularly challenging to execute and manage in that the four LPIC EPC projects were being executed simultaneously at site, and that the products produced by each plant are related in the supply chain either to the upstream or downstream, resulting in highly complex interfaces.

According to Min-Lin Lee, project director of LPIC EPC1 Project and Vice President of CTCI’s EPC Operations, “Despite the challenges and the impact of the COVID-19 pandemic, CTCI managed to push the project forward steadily with proactive management, effective communication, and innovative solutions such as spent caustic treatment. Not only did it become the only project able to progress in Oman without any suspension of work during the pandemic, significantly saving costs, but it also achieved a record of 77 million man-hours without lost-time injury, a perfect score for the project team which ultimately delivered it on time and to quality standards.” Lee added, “This highly acclaimed project helps our client Oman Qaboos extend hydrocarbon product lines to the downstream sector and hence provide comprehensive product lines in Oman and also allows them to achieve the goal of developing high-value-added petrochemical products.”

Looking towards the future, CTCI will constantly update technologies and continue to provide clients with diverse, economical, environmental friendly quality engineering solutions with rich experience in EPC project management.

TAIPEI, December 29, 2021-Winners of the Public Constructions Golden Quality Award, the top honor in occupational safety and health in Taiwan recognized by the Public Construction Commission, Executive Yuan, have been announced. CTCI REI clinches the excellence award for “Geological Investigation, Surveying, and Design Work in Taiwan Provincial Highway No. 9A Shang Gui Shan Bridge Replacement Project” (design unit).

Constructed in 1972, Shang Gui Shan Bridge is the only passage connecting Xindian and Wulai of New Taipei City. After 49 years of operation, the bridge was faced with several challenges including narrow bridge width, insufficient height for flood defense of the bridge, and exposure of caisson foundation, which impacts the safety of structure.

Contracted with the engineering design work for bridge replacement project, CTCI REI made thorough considerations of the above issues before coming up with the long-span arch bridge design, which helps to increase cross-section area to better defend against floods, is easier for maintenance, and balances between hydraulic impacts and landscaping. Materials-wise, high-performance steel (HPS) structure was adopted to reinforce the bridge structure strength and reduce steel material used (and hence carbon emissions).

CTCI REI performed comprehensive study in terms of health and safety
perspective at every phase of the project. During the engineering design process, CTCI REI utilized Building Information Modeling (BIM) to increase design reliability and construction safety via its visualized 3D characteristics and collision detection. Besides, when the old bridge was being demolished and a temporary bridge for transportation was set in place, CTCI REI particularly emphasized structural safety and had widened the road to minimize risks during the flood season and enhance safety and convenience for road users. Before handing over design work to the construction contractor and supervisor, CTCI REI provided all risk evaluation results and deliverables of BIM to ensure HSE could be properly performed and that the subsequent works could be finished on time and to quality standard.

CTCI REI is committed to occupational health and safety with total accountability by staying true to the “safety first” principle. The company hopes to ensure its HSE system works effectively to deliver the most reliable engineering services in line with CTCI’s brand spirit.

TAIPEI, November 17, 2021- Taiwan Institute for Sustainable Energy has announced the results of Taiwan Corporate Sustainability Awards (TCSA) selections. CTCI, the largest global engineering, procurement, and construction group in Taiwan, continues to be the top winner in the engineering industry category, clinching Top 10 Domestic Companies Sustainability Model Award, Growth Through Innovation Leadership Award, and Transparency and Integrity Leadership Award.

John T. Yu, CTCI Group Chairman receives the awards from Ching-Te Lai, Vice President of the Republic of China (Taiwan) during awards ceremony on November 17.

CTCI Group (CTCI) has been frequently praised for its dedication to increasing its impact on global sustainability through engineering.

Yu says, CTCI is dedicated to fulfilling sustainable operations through its core competencies and calling on all staff to care for environmental, social, and governance (ESG) dimensions with company-wide CSR engagement to transform the CSR spirit into its core competitiveness and make it a part of CTCI’s corporate DNA.

To meet the critical challenge of global climate change, CTCI has joined Taiwan Alliance for Net Zero Emission (TANZE) and Taiwan Net Zero Emission Association in 2021, committed to achieve net zero emission target for its office areas in 2030 and to include all project sites in 2050. Pioneering the engineering industry, CTCI is promoting “Net Zero EPC Projects” by joining hands with its supply chain partners worldwide to implement engineering, procurement, and construction (EPC) projects with net zero emissions. This is an active response to the global trend for reaching net zero emission target. Meanwhile, CTCI also hopes to utilize green engineering services and green investment to achieve a win-win situation between the economy and environment.

This year, CTCI Corporation once again receives TCSA’s “Top 10 Domestic Companies Sustainability Model Award” and other TCSA honors thanks to its continued efforts for innovations in engineering services and green engineering applications to expand social impact, and its intelligent EPC (iEPC) technologies, which strengthen its competitiveness in the engineering market.

On the other hand, CTCI ASI has once again received Top 50 Corporate Sustainability Awards for achievements in intelligent services focusing on industry 4.0 that provide owners with smart plants and transportation solutions; its optimized energy management and safety services has propelled clients to achieve industry upgrade, further consolidating CTCI ASI’s position as an intelligent solutions brand.

To date, CTCI has received numerous recognitions for its CSR efforts, including being selected as component of Dow Jones Sustainability Emerging Markets Index; received good ratings from Carbon Disclosure Project (CDP) and Morgan Stanley Capital International’s (MSCI) ESG rating, finished among the top 5% of the TWSE and TPEx listed companies in Corporate Governance Evaluation; listed within Taiwan Sustainability Index (TWSI); and won Excellence in Corporate Social Responsibility Award, a prestigious award given by CommonWealth Magazine.

Committed to realizing its brand spirit as the most reliable global engineering services provider, CTCI will continue to make positive impact in the ESG aspects, while fulfilling its vision of “becoming a guardian of the Earth by employing innovative green engineering technologies.”

TAIPEI, Nov. 16- CTCI Corporation is pleased to announce that for the seventh consecutive year, it has been selected as constituent of the Dow Jones Sustainability Emerging Markets Indices (DJSI). It is ranked No. 2 among all peers from global construction and engineering industry, as well as No. 2 in both economic and social dimensions. CTCI is proud to be the first and only engineering company so far in Taiwan to be part of the DJSI constituent. This is evidence of CTCI’s reliable management efforts and incorporation of environmental (E), social (S), and governance (G) considerations into its business practices, which have resulted in the recognition and affirmation from global investors.

CTCI has actively adopted a global business strategy that takes into account of green energy and low-carbon to help clients cope with challenges of climate change. In 2020, CTCI has signed green and low-carbon contracts with total worth of TWD 109 billion, or 84% of annual contract amount. CTCI has also seen 355% backlog growth in its green and low-carbon projects between 2015 and 2021. Such projects have become an essential business driver.

Moreover, CTCI is fully committed to “Net-Zero EPC” and fostering win-win for ESG and profit through green technologies, services, and investments. As of September 2021, CTCI’s new contracts reached TWD 106.55 billion, whereas its backlogs reached TWD 316.2 billion. Both are remarkable outcomes.

CTCI builds its business upon four major core technologies: green engineering, intelligent EPC (iEPC), smart plant, and circular economy. With clear targets and strategies, 7,000 employees worldwide engage in company-wide CSR and ESG practices, using their engineering expertise to deal with sustainability challenges.

This year, CTCI has joined Taiwan Alliance for Net Zero Emissions and Taiwan Zero Emissions Institute, pledging to achieve net zero emissions at all offices by 2030, and net zero emissions at all offices and fabrication sites by 2050 to keep global temperature from rising above 1.5°C.

CTCI has also pioneered in mass education of engineering know-how through its one-of-a-kind “CTCI Learning” online platform, where the public can access hundreds of courses in seven engineering fields for free. Whereas “CTCI University” is a predecessor online learning platform that serves solely for CTCI employees, CTCI Learning places importance on sustainable education and aims to serve the public by passing down more than four decades of expertise and experience.

CTCI’s commitment in corporate social responsibility (CSR) is widely recognized globally. It is one of the top-100 international engineering companies selected by Engineering-News Record, and has received accolades such as CommonWealth Magazine’s Excellence in Corporate Social Responsibility Award and TCSA’s Top Ten Domestic Corporate Award.

CTCI will continue to strive to become the most reliable team, a trailblazer in green innovations, an employer that offers brilliant workplace, and a corporate citizen who is willing to commit to wielding its influence, so that the world can see a more sustainable future.

TAIPEI, Oct. 18, 2021- For the first time, Taiwan’s Business Weekly magazine has evaluated how companies in Taiwan are performing in terms of carbon reduction. We are pleased to announce that according to the results released recently, CTCI Corp. and ECOVE have been selected as two of top 100 best performing companies (CTCI: architecture and construction category; ECOVE: energy storage and ecological category). This is a recognition of CTCI Group’s excellent sustainability efforts.

Selection is based on a company’s aggregated score evaluated according to 10 indices:
1. A, AA, or AAA in MSCI’s ESG rating (2021)
2. BBB in MSCI’s rating & incorporated to MSCI ACWI index
3. Incorporated in MSCI Global Environment Index
4. Member of RE100 and commits to use 100% renewable energy by 2050
5. Member of EP100 and commits to increase energy efficiency by 100%
6. Member of EV100 and commits to 100% use of electrical vehicles by 2030
7. SbTi: Member of Science Based Targets initiative
8. TCFD: Signatory in support for Task Force on Climate-Related Financial Disclosures
9. Apple: Member of green supply chain
10. B type business: Commits to creating eco impact
Global investment institutions, research institutes, and academics have also been consulted throughout the selection process.

CTCI looks forward to continuing to promote sustainability through its core competencies, serve the best interest of the Earth, and fulfill its vision of “becoming a guardian of the world by providing sustainable, innovative, and green engineering.”

CommonWealth Magazine, a prominent Taiwanese magazine publisher, has announced the results for its 2021 Excellence in Corporate Social Responsibility Award, in which CTCI Corporation and CTCI ASI have made the list. CTCI Corporation is ranked 20th place in the large enterprise category, while CTCI ASI ranked 15th place in the medium-sized enterprise category. The result is a recognition of CTCI’s endeavor to fulfill environmental, social, and corporate governance (ESG) responsibilities by utilizing its core competencies.

Excellence in Corporate Social Responsibility Award selects top 100 performing companies based on four criteria, namely “corporate governance,” “corporate commitment,” “social participation,” and “environmental protection.”

CTCI Corporation has been dedicated to introducing green engineering concept to project executions and has founded “CTCI University,” an online education platform to foster employee development, cultivating their global perspective and ability to act dynamically. Also, through CTCI Education Foundation, it has been making unceasing efforts to promote sustainability education and industry development to honor CTCI’s CSR commitment.

On the other hand, CTCI ASI has been actually fulfilling corporate governance and engaged in industry-academy cooperation and industry partnerships. By taking good advantage of its core competencies, “smart plants and smart transportation,” it provides clients with optimized and safe energy management solutions for further industrial transformations and upgrades.

CTCI is committed to utilizing its four core competencies, namely “green engineering,” “smart plants,” “intelligent EPC,” and “circular economy, to strive for a balance between business development, environmental protection, and social participation. Ultimately, it hopes to realize its CSR vision of “Guarding the Earth with Constant Innovation in Green Engineering.”

Engineering News-Record (ENR), a prestigious magazine covering on the construction industry, has released its 2021 global engineering company rankings. For six years straight, CTCI Corporation is among both the top 100 “international contractors” and top 100 “international design firms” from over 200 companies worldwide selected in each category. CTCI Corp. has also attained its best record as “international contractor.”

In addition, CTCI Corp. has been selected as one of the “top global contractors.” These three rankings demonstrate CTCI Corp.’s continued success in global markets.

Each year, ENR surveys and ranks engineering companies worldwide, which is credible and serves as important indicator for the industry. Judged by a company’s annual sales revenue in the previous year, the rankings for design firms and contractors are each divided into two categories: "international," which judges a company according to its overseas revenues, and "global," which judges a company according to its revenue from domestic and overseas projects combined.

In recent years, CTCI Corp. has made constant efforts to grow its businesses and enhanced its presence in global markets. This is the reason why it is able to stand among the top 100 international engineering companies to this day.

CTCI has announced that it just received the “Best Companies to Work for in Asia 2021 Award” by HR Asia, an authoritative publication for senior human resource professionals across Asia. This year, 292 companies in Taiwan took part in the award selection.

Due to the pandemic, the award ceremony was held online on Sep. 6 this year. CTCI Chief Human Resource Officer Connie Lin attended the virtual ceremony on behalf of CTCI.

CTCI, having been provider of the most reliable engineering services, has also spared no efforts in refining practices in talent fostering, employee experience, retention, and care.

The Best Companies to Work for in Asia Award is conducted via auditing and online employee survey; participating business are invited to respond to the Total Engagement Assessment Model (TEAM) survey, HR Asia’s proprietary employee engagement survey, which centers on three mechanics, Core (corporate-level initiatives), Self (employee experience in heart, mind, and soul), and Group (team dynamics and group motivation) to compare employee responses against the market and select employers with outstanding performance.

According to Connie Lin, CTCI CHRO, CTCI has treated talents as the most valuable asset, and exerted efforts to build a healthy, friendly and cozy work environment. To provide employees with the required skill and knowledge for advanced career development, an online learning platform “CTCI University” has been established. In response to the global pandemic, CTCI offers a series of pandemic prevention measures, including establishing the group pandemic prevention center; comprehensive review of employee health insurance; providing necessary masks, protective clothing, and information package to help colleagues get access to resources; WFH practices, and free COVID-19 rapid test kits. For this particular reason, CTCI excels in the “Group” dimension for TEAM survey.

In the days to come, CTCI is keen to continue providing employees with a happy work environment and being the most reliable employer brand.

ECOVE Environment Corporation (ECOVE) announced on July 28, 2021that its subsidiary ECOVE Solvent Recycling Corp. (ECOVE SRC) has been certified by BSI for achieving carbon neutrality in accordance with the PAS 2060 standard. This makes ECOVE SRC Taiwan's first chemical material manufacturer to declare carbon neutrality.

The company was also ECOVE’s audit plant for BS 8001, world's first standard for implementing circular economy principles. Receiving the "BS 8001 Circular Economy Audit" in 2017 when it was firstly launched, ECOVE passed the BS 8001 circular economy standard audit again in 2020 with "integrated innovations and performance enhancements in resource cycling services," thereby achieving the circular economy standard in all of its business areas. Having passed the onsite inspection, ECOVE SRC is the first company in Taiwan to receive the international circular economy and carbon neutrality dual certifications.

Carbon neutrality is a voluntary verification. Through quantifying and reducing carbon emissions and obtaining external reduction credits to offset the carbon emissions generated by business operations, ECOVE SRC was able to pass the PAS 2060 verification, causing no net increases in greenhouse gases (GHG) to the atmosphere.

ECOVE has always been committed to mitigating climate change and striving to enhance and integrate the technical applications of its three major businesses, namely, "waste management and energy-from-waste, recycling, and renewable energies." ECOVE SRC was founded in 2018 to provide services in waste solvents purification and recycling, allowing them to re-enter the market supply chain as industrial raw materials, thus reducing the consumption of petrochemical raw materials without depleting the planet's resources.

Upholding the visions for green production and environmental friendliness, ECOVE SRC has mapped out the current low-carbon production facilities plan starting from plant construction phase. Besides selecting equipment with high energy efficiency, the Company also opts for intelligent, systematic management for production. Furthermore, it continues to reduce carbon emissions to maximize synergy through replacing furnace fuels (heavy oil replaced by natural gas), enhancing the efficiency of air conditioning, air compressor, and heat systems, as well as installing energy-saving controllers and replacing light fixtures. Additionally, to ensure the effectiveness of green processes and products within the plant, ECOVE SRC implements various management systems, including energy management systems (ISO 14001), quality management systems (ISO 9001), occupational health and safety system (ISO 45001), and greenhouse gas inventory management system (ISO 14064-1), achieving its carbon neutrality goal.

As Taiwan's largest environmental resource management and service company, ECOVE has again proven its determination to respond to climate change, reduce carbon emissions, and reduce environmental impacts through obtaining the carbon neutrality certification. By committing to a vision of becoming "the most reliable provider of industry-leading ‘resource cycling’ services ," ECOVE continues to contribute toward a better future for the planet.

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:

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).