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Toshiba® to provide steam turbine to balance loss in memory-chip business
Toshiba International Corporation, one of the world’s leading manufacturers of NAND flash-memory chips that store data in smartphones, tablet computers and other mobile gadgets, said that due to the recent floods in Thailand, demand deterioration, and the impact of sharp Yen appreciation it witnessed a drop in profit margin to less than 11% from more than 20% in the second quarter. But there is a good news for Toshiba in these bad times as it has been chosen by Tri-State Generation and Transmission Association and Sunflower Electric Power Corporation to provide steam turbine and generator to the Holcomb Thermal Power Plant project in Kansas.
The US$80 million contract states that Toshiba will be the supplier of 971MW supercritical steam turbine and generators. Toshiba will deliver the equipment on July 2014 and the project is expected to complete by 2017. This is not the first time, Toshiba supplied such equipment, the company had also supplied steam turbine and generator to another US company in 2009.
Tri-State and Sunflower at a glance:
For the past 50 years Sunflower has been providing power supply. The main aim of the company is to supply electricity at the lowest cost. While Tri serves more than 1.5 million customers by supplying wholesale electricity. It also aims to supply electric power at a low price and utilize resources in an effective way.
According to sources, the U.S market will soon experience an increasing demand in thermal power generation equipment to produce electric power that is cost-saving. These kinds of plants are considered to prevent global warming. It also meets the standard requirements of the Environment Protection Agency for operating a power plant.
Toshiba is the perfect company for this project because it already has a good record in the thermal power plant profession. According to reports, the company has already supplied 90 steam turbine and generator for different thermal power plant projects. And, for the past eight years, the company holds the majority of the market share.