Keppel
forms joint venture to grow environmental business in China
Posted: 25 May 2004
Keppel Integrated Engineering (KIE), the wholly owned environmental
engineering subsidiary of Keppel Corporation Limited (KCL), has
signed a joint venture agreement with China Cheng Tong Resources
Recycling Development Corporation (CCRR) to provide wastewater treatment
services in China.
The joint venture will involve the transfer of wastewater treatment
technology. Seghers Keppel Technology Group (SKG), the environmental
technology arm of Keppel, will localise its Unitankâ, SeghoBiocleanâ
and Bioscanâ proprietary technologies.
The joint venture will primarily be engaged in the development,
construction, operations and maintenance of wastewater treatment
plants, as well as the research and development of wastewater treatment
technology.
The ceremony was witnessed by Mr Lim Swee Say, Singapore’s
Minister of Environment, and Mr Wang Yangzu, President of the China
Environmental Protection Industry Association.
Based in Beijing, the joint venture company Dayu Shidai Technologies
Co Ltd (JVC) will have a registered capital of RMB10 million. CCRR
and KIE’s share in the JVC is 51% and 49% respectively.
Said Mr Yick Ping Wong, CEO of KIE and SKG, “This joint venture
paves the way for Keppel to offer our suite of proprietary wastewater
solutions to the growing water and wastewater treatment market in
China.
“With CCRR’s established network resources and local
market know-how, I am confident that this joint venture is well
positioned to reach out to customers with SKG’s total solutions
for wastewater treatment.
“For a start, the JVC will focus on marketing its services
in the cities surrounding the Three Gorges region.”
Through SKG, the Keppel Group has established a track record of
quality solutions and innovative products in China. To date, it
is involved in municipal and industrial wastewater treatment plants
in Shanghai, Guangzhou, Shijiazhuang, Shenzhen and Foshan.
The Group plans to grow its environment engineering business in
China, which has budgeted RMB 700 billion or US$85 billion for the
water and wastewater treatment industry under its 10th Five-Year
Plan.
International Enterprise Singapore (IES), a statutory board under
the Singapore Ministry of Trade and Industry, has supported Keppel’s
effort to penetrate the Chinese market by facilitating the networking
with Chinese provincial and municipal governments.
The investment in the JVC is not expected to have any significant
impact on the net tangible assets per share and earnings per share
of KCL for its financial year ending 31 December 2004.
Background Information
China Cheng Tong Group (CCT)
Established in 1992, CCT is a state-owned enterprise under the State
Asset Commission (SAC). Its businesses include warehousing and distribution,
supply chain management, multimodal transportation of containers,
import/export trading.
CCT ventured into the environmental protection industry a few years
ago, and established the China Cheng Tong Resources Recycling Development
Corporation after the merger of a few relevant business units to
spearhead its growth in this industry.
Keppel Integrated Engineering (KIE)
KIE, a wholly owned subsidiary of Keppel Corporation Limited, is
part of the Infrastructure arm within the Keppel Group. KIE is focused
on providing total solutions ranging from consulting, design and
engineering, construction to operations and maintenance of facilities,
to address a wide spectrum of environmental issues including solid
waste, water, wastewater, hazardous waste, sludge and air pollution.
Since its acquisition of Seghers proprietary technologies in late
2002, KIE is in a strong position to become a leading total environmental
solutions provider, offering services from conceptual design and
engineering to plant engineering & construction as well as in
plant operations and maintenance.
Seghers Keppel Technology Group (SKG)
Based in Belgium, SKG is a leading technology provider of engineering
products and services to solve a wide spectrum of environmental
issues including treatment of municipal solid waste, hazardous waste,
wastewater, potable water and biosolids.
SKG has its own R&D arm to develop proprietary technologies
in environmental engineering. It has the expertise and flexibility
to meet individual client’s need for comprehensive and cost-effective
solutions while safeguarding the environment.
UNITANK® is applied for the biological treatment of wastewaters
from various sources, municipal as well as industrial (e.g. food,
breweries, beverages, petrochemical, chemical, pharmaceutical, paper,
textile, etc). It is a much more efficient and economical technology,
occupying much less foot print and has lower operational costs as
compared to conventional biological treatment systems.
BIOSCAN® is the automatic monitoring instrument for wastewater
treatment plants. It measures the pH, temperature and other relevant
parameters, as well as biological activity and biological degradability,
providing real time data of the biological process and the influent
quality.
SEGHOBIOCLEAN® is the biological odour treatment technology
developed by SKG to treat odorous compounds found in wastewater
treatment off-gases. The odorous compounds could either be originally
present in the raw wastewater or could be formed by anaerobic processes
during wastewater transport, wastewater treatment or sludge treatment.
For more information see www.kepcorp.com
Posted by Richard Price,
Editor Pipeline Magazine
Information supplied by companies
or PR agencies who are responsible for content. Send press releases
to info@pipelinedubai.com |
