Suez Speeds Up Its Development in the Industrial Sector in China

Through its subsidiary, Sino French Water (a 50/50 joint venture, founded in 1985 in partnership with New World Services, Hong Kong), French-based group Suez Environnement has entered an agreement with the Chinese company Changshu Urban Construction and the Changshu Advanced Materials Industrial Park (CAMIP) to set up a joint venture.

It is planned to treat the effluents from the Park. Under the terms of the agreement, Sino French Water will hold a 24.5 percent stake in the newly created joint venture, Changshu Sino French Industrial Water Treatment Company Limited.

Changshu Urban Construction will hold 25.5 percent and the CAMIP 50 percent. The contract should generate 354 million Euro of revenue over the next 30 years, assumes the management of the French company. According to Suez Environnement, this agreement consolidates its position in the industrial sector in China, where it already delivers its expertise in the management of environmental services to ten industrial parks, including the Shanghai Chemical Industry Park (SCIP), the largest petrochemical complex in Asia.