Thermax Expands Global Presence with Focus on Sustainable Solutions and Energy Transition Technologies
Key Ideas
  • Thermax aims to double its presence across Southeast Asia, Africa, and the Middle East, with a growing international market share of 30%.
  • The company is concentrating on energy transition technologies like hydrogen, carbon capture, and water management to drive its sustainable solutions.
  • Thermax is actively engaging in R&D efforts to reduce its carbon footprint by 50% by 2030, with a 30% reduction expected by the end of this year.
  • The company's international growth is fueled by projects in key regions like Africa and the Middle East, with a focus on providing cost-effective green alternatives.
Thermax, a major engineering company, is intensifying its global expansion strategy with a particular emphasis on sustainable solutions and energy transition technologies. With a significant international market share, the company is keen on leveraging the rising demand for green alternatives, especially in regions like Africa and the Middle East. Thermax's portfolio includes projects in over 90 countries, with a strong R&D focus to cut its carbon footprint substantially by 2030. The company's recent projects in Africa and the Middle East highlight its commitment to providing cost-effective green solutions, such as biomass utilization. Furthermore, Thermax's subsidiary in the Middle East, TBWES, secured a substantial order for gas-fired boilers, showcasing the company's expanding footprint in critical regions. The company's CEO emphasized the importance of investing in R&D to enhance manufacturing capabilities, particularly for region-specific solutions. Thermax's forward-looking approach towards sustainable solutions and energy technologies positions it as a key player in the global engineering landscape.
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