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CLQ 54.0¢

China's Water Market Worth $50M ~ $300M for CLQ

  1. Algen

    1,709 Posts.
    1
    The article cited below has just been put up on the CLQ website. It makes for some interesting reading.

    '(Reuters) - French utility Suez Environnement Company SA and Australia's Clean TeQ Holdings Ltd are looking to expand in China where the government has pledged at least $97 billion by 2020 to tackle a worsening water shortage.'

    'The firms aim to participate in projects from producing drinking water to treating sewage, as private investors are invited to improve the quality and quantity of water which is in short supply in almost half of China's 657 major cities.'

    'Foreign water firms have struggled to gain market share in China due to frequent regulation changes, so the latest pledge offers a rare opportunity, analysts said.'

    "The advantage that we have now is that there's quite a strong and hard push for the government to do something about cleaning up the water," said Ealden Tucker, general manager of global water at environmental engineering firm Clean TeQ, which is looking to enter China six years after its last attempt. "That's where things have changed for us."

    'China's water market could be worth "anywhere between $50 million to $300 million" for Clean TeQ, Tucker said.'

    http://www.reuters.com/article/2015/01/13/us-china-water-idUSKBN0KM0Y620150113

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