Rolls-Royce Signs Agreement with STX Engine to Further Strengthen Position in Asia

Rolls-Royce, the global power systems company, has signed an agreement with STX Engine. The company, based in Korea, will become a packager of Rolls-Royce industrial gas turbine generating sets in the Asia Pacific region. The agreement provides an enhanced route to market for the latest Rolls-Royce industrial gas turbine, the RB211-H63, which the group announced in June, as well as the most powerful engine in its range, the Trent 60 gas turbine.

Commenting on the new agreement, Charles Athanasia, Rolls-Royce executive vice president of power generation – energy, said: “This agreement will enable Rolls-Royce to better serve the growing demand for electrical power generation technology and will further strengthen our position in important Asian markets. With this agreement STX will have the capability to market, package and install two of the world’s most efficient industrial gas turbines in a power range from 27MW to 64MW in countries such as Bangladesh, Philippines, Taiwan, Vietnam and also Korea.”

Mr Dong-Hak Chung, president and chief executive officer of STX Engine added: “This is a further strengthening of an already strong relationship between our two companies. We have had a customer / supplier relationship with Rolls-Royce for over ten years and in that time the resulting sales of Marine equipment have been in excess of £1bn. Our experience in selling diesel and gas engine-powered electrical power plants to the Asian power generation market will provide a significant sales channel for Rolls-Royce gas turbines.”

In addition to providing increased exposure in Asia, under the agreement, STX will also join Rolls-Royce in the development of the package design.

Rolls-Royce will supply the RB211-H63 gas generator, its RT63 power turbine and the Trent gas generator from its facilities in the US and Canada, and will also be responsible for supporting the engines in the field. Both types of packages will be assembled by STX at their Changwon engine facility in South Korea.

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