Other Asia
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Energtek and Philippines Launch Project to Convert Three-Wheelers to ANG
December 21, 2007
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| ANG storage material. Click to enlarge. Source: Energtek |
Energtek Inc., the Department of Energy (DOE) of the Republic of the Philippines, and the Philippines National Oil Company Exploration Corporation launched a project for the conversion of three-wheel vehicles to natural gas-powered systems with adsorbed natural gas (ANG) storage, in the Republic of the Philippines.
Energtek’s adsorbed natural gas (ANG) technology addresses the two and three wheel vehicles market, which represents the fastest growing segment of the world automotive market. Most of the vehicles in this segment—currently estimated at about 200,000,000 units—are in Asia.
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Bosch Targets Tripling Asian Sales by 2015; “Significantly” Growing Business With Asian Automakers
October 23, 2007
The Bosch Group has set itself a target of €22 billion (US$31 billion) in sales in the Asia-Pacific (A-P) region by 2015, which is projected to represent 25% of total sales. For 2007, Bosch expects its A-P sales to climb 8.5% from 2006 to €7.4 billion (US$10.5 billion). Between 2008 and 2010, Bosch plans to invest €1.4 billion (US$2 billion) in Asia in addition to the €1.4 billion already invested in the region between 2005 and 2007.
“We are strengthening our presence in Asia above all because we want to significantly grow the business we do with Asian automakers,” said Franz Fehrenbach, chairman of the Bosch board of management, at the opening of Bosch’s new South Korean headquarters in Seoul.
