CIMdata PLM Industry Summary Online Archive
16 February 2009
Company News
CD-adapco Opens New SEAsia Office in Singapore
CD-adapco announced its further expansion into the Asian markets with the opening of a new office in Singapore. The decision to launch the South East Asian operations in Singapore is a reflection not only of CD-adapco’s continued commitment to the Energy and Oil and Gas industries, but of an increased commitment to the Asian market in general.
Singapore has a 70% worldwide market share of both the FPSO conversions and the jack-up rigs as well as a strong refining industry, and has therefore long been regarded South East Asia’s Oil and Gas hub. The level of oil and gas related activities in neighboring countries, Indonesia and Malaysia, further contribute to building up a strong regional oil and gas centre and in general an energy hub as a whole. The Energy Information Administration predicts that the worldwide demand for energy will increase by over 70% by 2030, with the majority of that growth in demand coming from Asia growth (between 2000-2005, demand growth in Asia was 33% vs. 2% in the USA as reported by BP Statistical Review of World Energy).
Energy, Oil and Gas
CD-adapco’s simulation technology is ideally suited to solving the type of engineering challenges that the energy industry faces on a daily basis. A combination of software and expertise can provide insight into any problem that involves fluid flow (liquid or gas or combination of both), thermal behavior, chemical kinetics, or stress and vibration issues. This technology has been employed at every stage of the oil and gas production process – from exploration to extraction, from transport to processing, and is increasingly deployed in all aspects of Energy Engineering.
"CD-adapco has been providing Engineering Simulation solutions to the Energy Industry for more than 28 years”, explains Dr Dennis Nagy, CD-adapco’s VP for the Energy Sector. “The opportunities presented by South East Asia make it a natural fit for CD-adapco’s continued global expansion. Together with new offices in Houston, Oslo and Aberdeen, the Singapore office will give us the opportunity to expand the talented array of people that serve the South East Asian market and the Energy Industry as a whole.”
“The oil field operators are increasingly considering exploration in deep waters in South East Asia. This generates a whole new set of new engineering challenges which naturally create demand for high technology suppliers. It is certainly the right time for CD-adapco to bring its expertise to the region”, says Mr Loong Say Meng, Managing Director of the Asia Pacific Operations of the Energy Industries Council.
Located in the exclusive 37 storey Centennial Tower in the central business district CD-adapco’s new office overlooks Singapore’s Marina Bay, a location that was specifically chosen to include a large area for visitors, state-of-the-art training facilities, and fully equipped meeting rooms and demo theatres. CD-adapco’s Dr Demetris Clerides, Director of the South East Asia operation, says: “Our business model relies on building long term partnerships with our clients and we would obviously like them to feel welcomed to our premises when hosting technology transfer seminars. The new office space allows us to do that in comfort; it is specifically designed to facilitate meeting and interacting with our clients.”
The office also overlooks Singapore’s already famous floodlit Formula One street circuit, which serves as a reminder that the region has more to offer than just the rapidly growing Energy Sector. This is perfectly aligned with CD-adapco’s leadership in providing high technology to the transport industry.
“Our local presence will significantly contribute to boost the development activities and consequently, the economic growth of the region”, explains Dr Demetris Clerides. “We welcome CD-adapco’s decision to use Singapore as a base for their business. Their strength in engineering analysis software and services will enhance Singapore’s capability to provide engineering solutions across a range of industries, including marine and offshore, aerospace, motorsports and automotive sectors”, says Mr Sia Kheng Yok, Director, Transport Engineering, Singapore Economic Development Board. Other countries in the region with strong activities in the transport sector such as Malaysia, Thailand and Vietnam are also expected to be benefitted by the local presence of CD-adapco.
Further, the broad expertise of CD-adapco and particularly, its leading technology of surface wrapper and conjugate heat transfer will increase the development efficiency in all industry sectors. “Specifically in the electronics sector, which is strong in Singapore and Malaysia, it is important to increase the efficiency to be able to survive in difficult economic periods like the one we currently experience worldwide”, says Dr Demetris Clerides. “In the environmental sector”, he adds, “the economic crisis in combination with the energy demand and the industrial pollution make the energy efficient buildings increasingly popular. Our expertise can certainly help in designing sustainable buildings”.
CD-adapco SEAsia
Level 34,
Centennial Tower
3 Temasek Avenue
Singapore
039190
Tel: (+65) 6549 7872
Fax: (+65) 6549 7011
Email: info@sg.cd-adapco.com
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