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Annual Report 2011
Corporate Profile
A Specialist in Energy-Saving, Energy-Effciency
and Environmental Protection Business
Sunpower Group started in April 1997, listed on SGX-
SESDAQ in March 2005 and was subsequently upgraded to
the Mainboard in August 2007. The Group specialises in the
design, R&D and manufacture of customised energy-saving,
energy-effciency and environmental protection products
and solutions, using proprietary heat-transfer technologies
tailored for the petrochemical, chemical, polysilicon, coal
chemical, pharmaceutical, tobacco, metallurgical, and
transportation industries.
From the initial business of making pipe supports,
Sunpower went on to develop other related products such
as heat exchangers and pressure vessels in 1998, heat
pipes and heat-pipe exchangers in 1999 for the recovery
of waste heat in petrochemical, steel and chemical
projects. In 2003, Sunpower successfully developed its
proprietary environmentally friendly energy-saving and
environmental protection systems. These systems are
used to recover petrochemical by-products contained in
the fare gas generated during the production process in
a petrochemical refnery. In 2010, the Group was awarded
with the “Technology Innovation High Achievement Award”
in the development and application of energy effcient
heat exchanger given out by China Association for Quality
2010. In 2011, the Group spearheaded to set the national
standards for Heat Pipes and also participated in drafting
the national standards for core heat pipes and coreless heat
pipes which were eventually approved and promulgated.
Through providing many years of outstanding services, the
company has established a reputable brand in the markets.
Among Sunpower’s key customers are international
companies such as BP, BASF, SABIC, Dow, Technip,
Celanese, Shell, CTCI, Samsung, Hyundai, TOYO and
their joint ventures in China; domestic major industrial
groups such as CNPC, SINOPEC, CNOOC, ChemChina,
CREC, Shenhua Group, GCL-Poly etc. Sunpower has been
designated as a supply network member of SINOPEC Group
Materials and Equipment as well as the frst-tier supplier of
CNPC Group. In 2011, Sunpower was able to export its
products to the Middle East for the frst time by winning
SABIC’s PTA project to supply core equipment.
To satisfy the complexities of client’s requests, Sunpower
continuously engaged in R&D, introducing proprietary
technology, coming up with innovative solutions and
has achieved many excellent results. So far, the Group
has registered 76 technological patents and 4 products
were used to set the benchmarks for national standards.
Sunpower was approved by the PRC Ministry of Human
Resources and Social Security to establish a “Post-
doctoral Programme”, and has been designated by the
PRC Standardisation Administration as “Working Group
on Thermal Pile of National Technical Committee on
Traffc Engineering Facility (Highway) Standardisation
Administration of China”. Sunpower also established the
“Nanjing Permafrost Engineering Center of the Chinese
Academy of Sciences”, and set up “Jiangsu Engineering
Research Center for Energy-Saving” under the approval of
Jiangsu Department of Science Technology. Meanwhile, the
“Research Institute for Industrial Energy-Saving” was also
established.
After many years of hard work and dedication, the Group’s
market diversifcation strategy has successfully garnered
marked achievements. The Group now exports to overseas
countries and regions such as the United States, Europe,
Australia, Southeast Asia, South Asia, Central Asia, South
America and the Middle East.
In recent years, under the government’s strong support for
development of energy-saving and environmental protection
industry, Sunpower continues to expand its scope of
business, going into the feld of sulphur recovery and other
related industries. In addition, Sunpower is making greater
efforts on R&D in the energy-saving and environment
protection industry accompanied by the integration of
industry, university and research institute. Moreover, the
localisation of the key equipment manufacturing promoted
by the Chinese government would bring more opportunities
to us in the future.