Tokyo, Dec 30, 2011 (JCN) - Mitsui & Co. Ltd, through Galaxy NewSpring Pte. Ltd, a joint venture company equally held by Mitsui and Hyflux Ltd, has entered into an agreement to operate two additional operational assets in China.
The operational assets are situated in the provinces of Shandong and Chongqing, where industrialization and urbanization are rapidly growing, and are expected to significantly contribute to the development of the regional community and environmental preservation. In addition, these operation assets include expansion plans and other potential enhancement projects in these provinces.
Galaxy will invest approximately six billion yen for the two operational assets, and together with the existing assets held by Galaxy, the total investment is planned to be thirty-five billion yen. The total designed capacity upon commencement of operation of all assets by Galaxy will be over 1 million cubic meters/day. Galaxy has been improving local operation and management, and will operate these two operational assets along with the twenty-two water treatment plant operational assets, which Galaxy is currently operating in China.
Copyright © 2013 JCN. All rights reserved. A division of Japan Corporate News Network KK.
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