CH. 0 About This Report
17
Y
ear 2015 had been a difficult and challenging year for
international engineering companies. Nevertheless,
CTCI Corporation had been capable of delivering great
performances through hard work in spite of the challenging
market. The accumulated contract amount of projects that we
would undertake had surpassed NTD 60 billion, and backlog
of contract had amounted to NTD 200 billion, leading to
historical heights in both our revenue and profit.
In addition to our managerial performances, CTCI
continues to promote green engineering to realize our
corporate social responsibility (CSR). In terms of social
participation, in order to construe a happy and safe work
environment and to strengthen the promotion of healthy
activities, we have also taken the extra effort to arrange
for the CTCI Educational Foundation. We hope to enhance
educational standards, nurture talents, reward academic and
technical research, construct a lifetime learning environment,
and to induce our national competitiveness, and we will share
CTCI's knowledge and years of experiences in both local
and overseas engineering industry with the public as well as
encourage our colleagues to participate in volunteer activities
and contribute toward social welfare.
Reviewing 2015, Market Expansions and Enhancing
Solidarity
Successful entry to Oman and cultivating new markets
CTCI had reaped good results in the international market
last year (2015). First of all, we have secured an 870-thousand-
ton steam cracker project in Oman in the Middle East in
collaboration with the American CB&I Company. This is the
first time CTCI has successfully formed a joint venture with
an American engineering company, as well as the largest
overseas engineering project we have secured to date,
and represents a great victory in our overseas engineering
market.
Besides Oman, CTCI has also successfully entered the US
market. This is the first step that CTCI is taking towards the
shale gas market and has great significance. The successful
extraction of shale gas in the US has changed the global
energy and petroleum landscape, and the US was able to
replace existing oil-producing OPEC countries in the Middle
East and becoming the hottest target for investment for
petrochemical plants . We have also attained the opportunities
to work on the details in designs for the American LDPE and
EO/EG plants for Formosa Plastics Group.
Personnel enhancement to augment our brand image
With our global expansions, talent cultivation and skills
enhancement have become even more crucial, and in 2015,
CTCI continues to offer various practical training sessions,
seminars, and virtual classes for our staff. Additionally, various
departmental supervisors have also proposed personnel
training plans, and HR Department is also committed to
assisting our staff to select the most suitable training courses.
To Surpass Ourselves and to Achieve Even Greater Heights
0.2
From the Management
John T. Yu
Chairman & CEO
