2003 Press Releases-18

Tokyo, Japan - October 7, 2003

Yokogawa Receives Order for Large Terminal Project in Nigeria

Yokogawa Electric Corporation announces that Yokogawa Electric Korea Co., Ltd., the company’s Korean subsidiary located in Pupyong-ku, Inchon, has been awarded a contract by Hyundai Heavy Industries to participate in the Bonny Island Terminal Project for Shell Petroleum Development Corporation in Nigeria.

Yokogawa Korea has been appointed the main automation vendor for the project and will supply a total system solution worth 4.5 million US dollars for the Bonny Island terminal, which is a large facility that has 24 oil storage tanks in total. This solution includes the CENTUM CS3000 R3 integrated control system and the Prosafe PLC safety shutdown management system, and this will incorporate Foundation Fieldbus technology that enables advanced plant operations.

This project requires fast tracking delivery and the multi-national location of the engineering and staging in the Netherlands and in Korea. To meet the master construction schedule, which calls for Yokogawa’s work to be carried out in phases, Yokogawa Korea has already delivered the first part of this system. The entire project is slated for completion in 2006.
"The award of this project is an example of Yokogawa's recognition as a global control systems solutions provider in this industry and speaks to our product quality and engineering capability," says Akira Kohzuki, Senior General Manager, International Business Headquarters. "We plan to continue to develop cost-effective solutions that target this exciting industry."
Recently, Yokogawa Korea has been awarded other large gas field development projects in the Middle East and in Thailand totaling 15 million US dollars. The quality of the engineering and services provided by Yokogawa Korea and its strong commitment to Korean engineering contractors and end users have enabled us to establish a significant presence in the region’s process automation market, both for international and domestic projects.

About Yokogawa
Yokogawa's global network of 19 manufacturing facilities and 89 companies spans 32 countries. Since its founding in 1915, the US$4 billion company has been engaged in cutting-edge research and innovation, securing more than 7,500 patents and registrations, including the world's first digital sensors for flow and pressure measurement. Industrial automation and control, test and measurement, information systems and industry support are the core businesses of Yokogawa.
For more information about Yokogawa, please visit our web site at www.yokogawa.com.