Invensys Wins First Comprehensive Long-term Automation Maintenance Contract with Sinopec’s SPC Group in China

Date: 9 March 2006

Invensys Process Systems has been awarded a long-term maintenance contract with Sinopec Shanghai Petrochemical Company, Ltd. (SPC), one of the largest subsidiaries of China Petroleum and Chemical Corporation (Sinopec).

Invensys Process Systems China, headquartered in Shanghai, will provide a range of services for Foxboro automation products. The new agreement, the first of its kind between SPC and an automation vendor, covers the full Foxboro line of I/A Series control systems products.

Three business units within SPC are initially included in the agreement – oil refining, chemicals and terylene polyester production. Invensys Process Systems China will provide a combination of remote and on-site services including online patrol site device check, annual on-site device check, emergency hardware replacement, emergency/routine hardware repairs, emergency site technical support, site training and other services.

The broad-reaching maintenance agreement, which will renew annually for the life of the Foxboro equipment covered, represents a new approach to service for Sinopec Shanghai Petrochemical Company Ltd. The agreement offers simplified administration, services value, and comprehensive service performance for SPC, and it builds on their extensive experience with Invensys process automation systems implementations.

Invensys Process Systems China has been a supplier to multiple Sinopec Shanghai Petrochemical Company Ltd. business units for more than 20 years. Additional Sinopec subsidiaries, including Sinopec Guangzhou Petrochemical Company, Sinopec Pipeline Storage and Transport Company, and other Sinopec business units, employ Invensys automation solutions to manage their processes.

About Sinopec Shanghai Petrochemical Company Ltd.
Sinopec Shanghai Petrochemical Company Ltd. (SPC) is one of China’s largest producers of refined oil products, intermediate petrochemicals, plastics, resins and synthetic fibers, and is the country’s leading manufacturer of ethylene and acrylic fiber.

A subsidiary of China Petroleum and Chemical Corporation (Sinopec), Sinopec Shanghai Petrochemical Company Ltd. has a crude oil processing capacity of more the than 8,800,000 tons/year, ethylene production capacity of 850,000 tons/year, refined oil products and petrochemical production capacity of 5,100,000 tons/year, synthetic fiber and fiber raw materials production capacity of 1,380,000 tons/year and synthetic resins production capacity of 950,000 tons/year. The company’s achievements have been recognized by business and trade organizations worldwide.

SPC shares are listed on the Shanghai Stock Exchange, Hong Kong Stock Exchange and New York Stock Exchange. More information about Sinopec Shanghai Petrochemical Company Ltd. and all of Sinopec can be found at www.sinopec.com.

About Invensys Process Systems in China
Invensys Process Systems, a business unit of Invensys plc, provides products, services and solutions for the automation and optimization of industrial process plants. In addition to its rapidly expanding Global Solutions group, Invensys Process Systems includes industry-leading brands such as Foxboro, Triconex, SimSci-Esscor, Wonderware, and Avantis, whose products are installed in more than 100,000 plants across the world. These range from small hybrid and batch plants to the world’s largest upstream projects, refineries, gas plants, petrochemicals plants, power plants, and pulp and paper mills.

With the formation of the Shanghai-Foxboro Company Limited (SFCL) in 1982, Foxboro became the first major American manufacturer to establish a joint venture in China. Today, SFCL manufactures a wide variety of state-of-the-art automation products at its factory in Shanghai for both domestic use and export purposes. In 1991, SFCL became the first company in China to be certified under the stringent ISO 9001 international quality standard.

SFCL has implemented state-of-the-art process control systems in hundreds of different world-class industrial facilities throughout China. These include offshore production platforms, oil refineries, petrochemical plants, electric power generation plants, steel mills, cement plants, float glass plants, pharmaceutical plants, and food processing plants.

To be able to better meet the Chinese industrial market’s requirements for comprehensive and well-integrated automation solutions, Invensys this year formed Invensys Process Systems China, which consolidates the operations of SFCL, Triconex, SimSci-Esscor, and Avantis. Invensys Process Systems China offers the most comprehensive portfolio of automation products and services available from a single company. To complement this market presence, Invensys Process Systems China has recently opened a new technology center in Beijing.

600450 Invensys Wins First Comprehensive Long-term Automation Maintenance Contract with Sinopec’s SPC Group in China glassonweb.com

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