CH. 3 Corporate Governance
52
3.7.1
Future Prospects
CTCI will continue to expand revenue
sources and strengthen our operational
performance, and have set up a long-
term goal of becoming one of the top
30 renowned engineering companies
throughout the world, and to benchmark
ourselves as an international brand for the
Taiwanese engineering industry.
Short-Term
Proactive paricipation in overseas engineering
projects and to become a top-notch international
engineering firm.
■
Southeast Asia and North American markets are
going to be the primary markets for global petroleum
industry, after the Middle East. Besides maintaining
a cautious and proactive strategy when participating
in tendering processes, the Company also aspires
to form solid foundations in the front-lines of the
global petroleum industry and to proceed toward our
objective of becoming a top-notch global engineering
company. In addition to the aforementioned markets,
the Commonwealth of Independent States is also one
of the regions that the Company is contemplating on
entering.
Demonstrate solid strength in power plants and
actively participate in domestic and overseas
opportunities in power plants.
■
In recent years we have received the opportunities to
work on Taipower’s Linkou, Talin and Tongxiao plant
upgrade and expansion projects, as well as the power
plant construction project for Thailand’s petroleum
company. According to Taipower Company’s plans,
there will be several largescale plant upgrade and
expansion projects in the future, and the Company will
strive for these domestic opportunities in power plants.
With the emergence of the Southeast Asian economies,
their local demand for power supply has also risen and
there will also be many business opportunities in power
plants in areas including Malaysia, India, Vietnam,
Thailand, and Indonesia and more. Recently there are
already several bidding opportunities, and the Company
will proactively bid for power plant projects in various
locations.
Long-term
Strategic expansions in emerging markets
■
Since successfully entering into the global market, the
Company’s positioning as an international engineering
company has already been certified. For the long-
term perspective, continuing to expand into the
global petroleum market will remain as one of our
key targets, and we will further expand our reach into
emerging countries in North Africa, Eastern Europe, the
Commonwealth of Independent States, North America
and South America from our standpoints in Southeast
Asia and the Middle East. Additionally, we will also strive
toward expanding our successful experiences in non-
petroleum fields such as power plants, transportation
and furnace engineering to the markets overseas. We
plan to enter China, Southeast Asia and the Middle East
first, and then gradually expand from there.
Develop new technologies and venture into new
fields
■
Besides making our existing product lines more
international, in terms of industry expansions, we also
plan to cultivate new technologies and to venture into
new fields such as green industry pertaining to natural
gas engineering, energy conservation and emissions
reductions, and alternative energy sources. The
Company will continue to expand into new markets to
maintain the growth in our revenues and profitability,
through venturing into new areas that our current
technical experts are capable of delving into.
