Otter Creek Awnings returns to Vermont ownerhsip

first_imgOTTER CREEK AWNINGSRETURNS TO VERMONT OWNERSHIP Otter Creek Awnings, started in a Middlebury basement in 1976, is now owned once again by a Vermonter. Todd Warren of Essex purchased Otter Creek in late August, returning the company known for Vermont values home to its roots. Warren, a Johnson State College graduate born in Burlington, Vermont, joined Otter Creek in 1997 as Director of Sales and Marketing and has served as company President since 2001.”It feels wonderful for everyone involved, and it is truly a great thing for our employees and the customers we serve. We’ve always conducted ourselves as a local company. Our heritage, our customers and our staff have always been local. We will continue to work to enhance the feeling and the experience of working with a Vermont company whose number one priority is customer satisfaction,” Warren said.Under his leadership, Otter Creek has seen over 200% growth in revenue and as a result of his work at Otter Creek and in the community, Warren was recognized as the 2007 Associate of the Year for the Home Builder’s and Remodeler’s Association of Northern Vermont. “Too often small companies become part of a larger corporation; this time, we’re fortunate to reverse the scenario and bring Otter Creek back into the hands of local ownership.”last_img read more

Japanese firms win contract for $2 billion, 1,250MW LNG-fired power plant in Myanmar

first_imgJapanese firms win contract for $2 billion, 1,250MW LNG-fired power plant in Myanmar FacebookTwitterLinkedInEmailPrint分享Nikkei Asian Review:Trading houses Marubeni, Sumitomo Corp. and Mitsui & Co. will build a liquefied natural gas-fired power plant in Myanmar, one of the biggest investments by Japanese companies in the Southeast Asian country, people familiar with the matter say.The three companies estimate total investment in the project at $1.5 billion to $2 billion. The plant is expected to start operating by 2025 with a capacity equal to about 20% of Myanmar’s existing power plants.Demand for LNG power is expected to grow in Southeast Asia as a low-emission alternative to cheap coal. Marubeni, Sumitomo, and Mitsui expect the project in Myanmar to help them expand their power businesses in the region.In Myanmar, electricity demand has been growing at a rate of 10% to 20% a year with industrialization and the electrification of farming villages. Frequent power outages have posed an obstacle to the country’s goal of attracting foreign investment in manufacturing.The plant will be built in a suburb of Yangon, Myanmar’s commercial capital and most populous city. The three companies will operate it through a joint venture they will establish with Eden Group, a local conglomerate whose businesses include real estate and agriculture.The plant will have a generating capacity of 1,250 megawatts — about as much as one nuclear reactor. Myanmar’s existing power generation capacity is about 6,000 megawatts, according to the country’s Ministry of Electricity and Energy.[Yuichi Nitta and Yusuke Tanaka]More: Japan Marubeni wins deal for $2bn Myanmar LNG power plantlast_img read more