(11 May 2012, Hong Kong) NWS Holdings Limited (“NWS Holdings” or the “Group”; Hong Kong stock code: 659) through its joint venture Sino French Water Development Company Limited (“Sino French Water”) signed a 30-year contract to provide water treatment services to Wuhan Chemical Industry Park (“WCIP”) on 7 May. Combined with previous agreements, Sino French Water becomes the exclusive provider of integrated water and wastewater services to clients in WCIP.
Sino French Water, which has been active in the China water industry since 1992, is a partnership between NWS Holdings and SUEZ ENVIRONNEMENT. Following its increased cooperation with WCIP, the partnership has now been renamed Wuhan Sino French Water Company Limited (“Wuhan Sino French”). NWS Holdings has an effective interest of 21.5% in the renamed company.
Under the contract, Wuhan Sino French will be responsible for the design, construction and operation of up to 300,000m3 /day of water treatment facilities, along with other corresponding infrastructure and services for WCIP’s industrial and residential clients. Construction of phase one of the project will begin immediately and represents an investment of RMB240 million by Wuhan Sino French.
Through joint venture company Sino-French Holdings (Hong Kong) Limited, NWS Holdings invests in 24 water treatment projects, a sludge treatment plant and two operation and management consulting companies in Mainland China and Macau. They can treat up to 6.93 million cubic metres of water and waste water and 540 tonnes of sludge per day. The Group also invests in a hazardous chemical waste incineration plant in Shanghai with an annual capacity of 60,000 tonnes and holds stake in a 61-hectare landfill in Hong Kong and two strategic investments in Chongqing
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This press release is also available on the Group’s website ( www.nws.com.hk).
NWS Holdings Limited (“NWS Holdings”, Hong Kong stock code: 659), the infrastructure and service flagship of New World Development Company Limited (Hong Kong stock code: 17), embraces businesses in Hong Kong, Mainland China and Macau. Its Infrastructure portfolio includes Roads, Energy, Water and Ports & Logistics projects. Its Services division comprises Facilities Management (the management of Hong Kong Convention and Exhibition Centre and Free Duty), Construction & Transport (Hip Hing Construction and bus and ferry services) and Strategic Investments (Tricor, Haitong International, Newton Resources and securities investments).
Sino French Water is a successful partnership between NWS Holdings Limited of Hong Kong and SUEZ ENVIORNNMENT of France. Sino French Water has been active in the China water industry since 1992. Together with local partners, Sino French Water provides innovative and sustainable water solutions to over 15 million municipal and industrial customers across 20 municipalities in China.
WCIP lies on the Yangtze River. Upon completion, WCIP will span an area of 76km2 . WCIP deals with raw, petrochemical materials and supplies completed petrochemical products throughout central China. The 800,000 tonnes/year ethylene project and ancillary works were approved. Upon its completion, total investment in WCIP will exceed RMB70 billion.
SUEZ ENVIRONNEMENT (Paris: SEV, Brussels: SEVB) has 80,410 employees on five continents and is a world leader in water and waste management services. It has been present in China for more than 30 years, through its subsidiaries Sino-French Holdings and Sino French Water, SITA Waste Services and Degrémont.
For further information, please contact:
NWS Holdings Limited
