Home / Knowledge / News / Textiles / United Envirotech to buy two water plants in Changyi City
United Envirotech to buy two water plants in Changyi City
02
Apr '12
The Board of Directors of United Envirotech Ltd. (UEL) is pleased to announce that it has signed the sales and purchase agreement to acquire a water supply plant and a wastewater treatment plant in Changyi City, Shandong Province, China. UEL will set up a 70%:30% joint venture company (JV) with the existing shareholders of the plants for the acquisition in which UEL will hold 70% of the JV.

Changyi City is well known for its textile industry. The water plant supplies industrial water and the wastewater plant treats industrial wastewater from the textile companies located in the industrial parks in Changyi. The design capacities of the water supply and wastewater treatment plants are 40,000 m3/day each. The wastewater treatment plant is currently operating at near full capacity.

The water supply plant is expected to start operation in the second quarter of this year. The total investment by UEL is approximately RMB 165 million (SGD 33 million). RMB 105 million (SGD 21 million) is for acquiring the two plants and about RMB 60 million (SGD 12 million) is for the modification and upgrading of the existing wastewater treatment plant using UEL's advanced membrane technology.

Commenting on the project, Dr Lin Yucheng, Chairman and Chief Executive Officer of United Envirotech Ltd said, “The project is a significant development for the company. We like the upgrading and modification portion of the project which will capitalize on our strength in membrane bioreactor (MBR) technology and industrial wastewater treatment.

This is our fourth industrial park MBR investment after similar investments in Guangdong, Jiangsu and Hebei Province. This is going to be our first large scale MBR plant treating textile industrial wastewater, which I believe the technology will have wide ranging applications in other Asian countries.”

Dr Lin added, “The project will add 2 plants to our water plant portfolio in Shandong province. Currently we own and operate two municipal wastewater plants in Shandong's Xintai City. We are actively seeking new investment opportunities that match our investment criteria and technical strength. We are selective in the projects we invest.”

The project will be funded by the proceeds from the convertible bond issue to KKR, internal resources and bank financing.

United Envirotech Ltd (UEL)


Must ReadView All

EU renews GSP+ scheme for Pakistan 2 years

Apparel/Garments | On 24th Feb 2018

EU renews GSP+ scheme for Pakistan 2 years

Pakistani exporters can enjoy preferential duties on exports to the...

Surat wary of e-way bills

Textiles | On 24th Feb 2018

Surat wary of e-way bills

There is no respite for Surat’s textile manufacturers and retailers....

Retailers choose sides in Alibaba-Tencent battle in China

Apparel/Garments | On 24th Feb 2018

Retailers choose sides in Alibaba-Tencent battle in China

Two big Chinese firms— Alibaba Group Holding Ltd and Tencent Holdings ...

Interviews View All

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Kaizad Hansotia
GetNatty

Competition is the best thing that can happen to a startup

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

February 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
70.6%
No
12.7%
Skip
16.7%

Total Votes: 102

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.7%
No
29.4%
Skip
6.9%

Total Votes: 102

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
88.2%
No
8.8%
Skip
2.9%

Total Votes: 102

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
83.3%
No
7.8%
Skip
8.8%

Total Votes: 102


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search