Business Chief APAC+ANZ Magazine November 2015 | Page 117

ENERGY
CCU providers who subcontract their production , Modex owns and operates the most advanced CCU and cabin manufacturing facility in the world , capable of producing 5,400 CCUs and 120 cabin units per year . CCUs and cabins come in a variety of forms . They are certified by DNV ( Det Norske Veritas ) following design review and testing and inspection of the production process as well as the finished product . The containers are issued with a “ Type Approval Certificate ,” which enables the manufacturer to produce the same type over and again . The China factories
manufacture in accordance with requirements of ISO 9001:2008 and ISO 14001:2004 Modex is also registered with the Scandinavian Achilles JQS , which is used widely in the North Sea oilfields .
The company started to grow organically in an emerging market , using a combination of debt and equity to fund acquisition or merger with larger and more established players in mature markets . In 2014 it merged with the Norwegian company Euro Offshore , which is now trading under the Modex name , and earlier in 2015 it also merged with Louisiana-based Gauthiers to
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