SNT Energy Expands Market Share in HRSG and Nuclear Power Sectors
SNT Energy announced on the 20th that it will actively expand its market share in the domestic and international Heat Recovery Steam Generator (HRSG) market.
According to the company, SNT Energy acquired the original HRSG technology owned by Hamon Deltak in the United States last August, securing independent HRSG design capabilities and the ability to carry out new turnkey construction projects.
In December of the same year, it acquired KHE, an air-cooled heat exchanger manufacturer located in Gunsan, Jeonbuk.
An SNT Energy official explained that the Changwon plant focuses on HRSG production, while the Gunsan plant specializes in Air Cooler manufacturing, significantly increasing HRSG production capacity.
In February this year, the company won the order for the largest capacity HRSG for the Gumi combined cycle power plant commissioned by Korea Western Power and added that it is conducting comprehensive sales activities to secure additional orders.
SNT Energy is also continuing its efforts to enter the overseas HRSG market.
After selecting Saudi Arabia as a base for targeting the Middle Eastern market in 2012, in February this year, SNT Gulf, the local subsidiary in Saudi Arabia, held a factory expansion ceremony inviting senior officials from the Saudi Ministry of Energy and the Electricity Authority, among other high-ranking figures in the Saudi power industry.
On this day, SNT Gulf announced plans to expand its factory to supply key power generation equipment such as HRSG and Condensers required for new combined cycle and nuclear power plants in the Middle East region.
Recently, SNT Energy and SNT Gulf obtained supplier approval from the Saudi Electricity Authority for HRSG, Air Cooled Heat Exchangers, Air Cooled Condensers, and Surface Condensers, entering the local order-taking phase.
SNT Energy also plans to expand its market influence in nuclear power generation.
Having already secured and delivered Condensers for Shin-Hanul Units 1 and 2, the company is currently working to win orders for Units 3 and 4, planning to diversify its product offerings to include not only Condensers but also related piping products.
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An official from the company stated, “Having prepared in various ways, we will actively move forward to increase our market share in HRSG and nuclear power plants. We will do our best to achieve good results not only in the domestic market but also overseas, including the Middle East.”
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