Under the deal, GE will supply core components including windings to the local partner’s cast resin dry transformers, which are said to be safer and energy-saving, the two companies said at a seminar in HCMC on Tuesday to introduce GE green integrated solutions.
Thibidi as Vietnam’s major electric equipment manufacturer has long been known for its oil-filled transformers in Vietnam and neighboring markets like Cambodia and Laos over the past 30 years. Following the Government’s instructions issued early this year to enforce non-flammable dry transformers in civil use, the company has upgraded its products by migrating to the safer technology of cast resin dry transformers.
According to the agreement between both parties, Thibidi’s new transformers will carry GE’s most advanced transformer technology and uphold international safety standards.
Different from the traditional oil-filled transformers, the new dry transformer uses non-flammable materials as well as reduces overall power consumption, said Cao Hoang Phat, deputy general director of Thibidi. Phat said the new product also saves end-user’s space and cost for fire-fighting systems, and applauded GE’s involvement in its production.
“We are delighted to cooperate with an industry leader like GE and become the first official local manufacturer of cast-resin dry transformers in the south,” Phat said, adding that “as the demand for safer, greener and energy-saving power distribution equipment is increasing, I believe this partnership will prepare us well to adapt to the future market trend.”
Besides using for building constructions, the new dry transformers also are equipped on the tunnel, food manufacturing factories, airport stations and boats, he told the Daily.
Last year, the company gained more than US$48 million in revenue, including some US$3 million of export earnings. Thibidi accounts for 39% of the local market for traditional oil-filled transformers.
This partnership will benefit Vietnamese customers tremendously by giving them access to globally-leading technology with more affordable cost, said Nguyen Dinh Manh Chien, country manager of GE Consumer & Industrial Vietnam.
“GE views Vietnam as a strong growth region and is committed to increasing our participation in this emerging market,” said Wong Wai Hong, regional manager of GE Consumer and Industrial South East Asia. “We will actively seek strategic opportunities here with our local business partners to expand our presence.”
At the seminar, GE Consumer and Industrial also introduces a series of environment-friendly power products and technologies to the local market.