The
MoU is a partnership agreement between companies to jointly bid, participate,
acquire and execute clean room, dry room HVAC projects for semiconductor,
batteries and display fabrication
Mumbai:
Sterling and Wilson Pvt. Ltd., one of India’s leading MEP and EPC companies, today
announced the signing of a Memorandum of Understanding (MoU) with Shinsung
E&G, one
of the oldest HVAC and MEP companies in Korea. This strategic partnership
leverages both the company’s local expertise to collaborate
in bidding, acquiring and executing projects for cleanroom and dryroom HVAC
systems serving semiconductor, battery and display fabrication facilities.
Speaking on the development, Mr. Manoj
Nair, CEO, Sterling and Wilson Pvt. Ltd. said, “It is a matter of pride,
delight and honor to be able to sign a strategic partnership with a well-established
industry leader like Shinsung E&G. Sterling and Wilson is known across the
industry to be deeply aligned with core values, ethics and corporate ethos and
we are glad to partner with a company that shares our unwavering commitment to
integrity, trust, and ethical excellence. We look forward to a fruitful
collaboration - one which combines Sterling and Wilson’s long-standing, proven
track record in executing MEP projects with Shinsung’s specialised HVAC
technology. It has been our endeavor to contribute and deliver our best in helping
to meet the escalating demand for high-specification fabrication units.”
Ms. Jiseon Lee, CEO, Shinsung E&G
said, “Shinsung E&G is pleased to partner with Sterling and Wilson to
jointly pursue cleanroom and dryroom HVAC opportunities. India and Middle East have
been very important regions for us and we have sensed a growing requirement for
MEP works in semiconductor Fabs and OSATs, batteries and display fabs in these
markets. It would be a great privilege to collaboratively explore geographies
where Shinsung E&G and Sterling and Wilson can combine strengths and drive
meaningful results. We look forward to identifying our first joint milestones
and building a highly successful, long-term partnership”
As per a recent industry report, India
is actively positioning itself to participate in the next phase of
semiconductor growth. The country’s expanding semiconductor ecosystem, backed
by government incentives, could help it to emerge as a key hub for semiconductor
manufacturing and supply chain development.