China Economic Review
Charting China’s changing economic terrain · Since 1990
Sembcorp to invest $9 m in wastewater treatment
January 28, 2010
Sembcorp, a company based and owned in Singapore, will invest $9 million for an 80% stake in a joint venture company to provide wastewater treatment services to industrial customers in the Qinzhou Economic Development Zone in China’s Guangxi Province.
The remaining 20% stake in the company will be held by a Chinese firm wholly-owned by the Development Zone’s Administrative Committee.
The facility is expected to commence operations in the second quarter of 2011 and will serve industrial and municipal customers in the development zone.
Channel News Asia reports Qinzhou is set to become Sembcorp’s first beachhead in southern China.
The waste management firm currently has energy and water operations in the Yangtze River Delta – in Shanghai, Nanjing and Zhangjiagang – as well as in the northern and northeast cities of Tianjin and Shenyang.