Marubeni to participate in Wastewater treatment business in China
Nov. 13, 2009
Marubeni signed a contract to participate in Anhui Guozhen Environmental Protection Science and Technology Co., Ltd. (Anhui Guozhen Environment) which is a general wastewater treatment company located in Hefei-city, Anhui Province, PRC, having its 30% equity, with the current major shareholder, Anhui Guozhen Group Co., Ltd.
Anhui Guozhen Environment, established in 1997 in Hefei-city, Anhui Province, has been pursuing 10 wastewater treatment investment projects in Jiansu, Hunan, Guangdong and Anhui Province etc. and also providing various services such as O&M, EPC and manufacturing and sale of equipments for wastewater treatment.
It is an urgent need in China to improve the treatment ratio of wastewater up to 70% by 2010 in accordance with the 11th Five-Year Plan set out by the Chinese central government and Marubeni is expanding its activities in wastewater sector through Anhui Guozhen Environment as the strategic core company, utilizing the accumulated know-how of wastewater treatment projects in China. Furthermore, it is also Marubeni’s future ambition to use the Company for the development of projects in neighboring Asian countries.
This is Marubeni’s 2nd investment in Chinese water sector following Water treatment BOT project in Chengdu city, Sichuan Province in 1999.
<Anhui Guozhen Environment>
Employees : 870
Turnover : RMB307mil(approx. USD46mil)
Total asset : RMB1,049mil(approx.USD157mil)
Shareholders : Anhui Guozhen Group 58.9%, Marubeni 30%, others 11.1%
<Anhui Guozhen Group>
Establishment : June 1994
Paid in capital : RMB83mil(approx.USD12mil)
Main business : Wastewater, Power generation, Gas distribution, Property development