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| Veolia
Water will be the focus of future international
business "locked" in China |
| "The next 10 years, Veolia Water's global
business to achieve double, which the Chinese
market in its global business operations will
account for about 10% of the share," the
world's largest water services group Veolia Water
Resources Group Chief Executive Anthony Frerot
said in Beijing on the 10th. |
| A special trip to China to attend the opening
of "the fifth World Water Congress"
on the 10th in Beijing, Frerot in an interview
with reporters, said that in recent years, China's
water supply market has made remarkable progress,
The Chinese government in promoting investment
in diverse fields to the main water supply in
the process of being taken a strong policy to
attract more and more transnational Water Resources
Group to enter the Chinese market. |
| Frerot said that since the beginning of this
year, Veolia Water has been in the two new projects,
one signed by early September just for the one
million population in Liuzhou drinking water production,
distribution and customer relationship management
for a 30-year period for integrated water services,
Another is the beginning of this year, with the
Sinopec Beijing Yanshan Petrochemical subsidiary
signed a contract for as long as 25 years in the
industry, the two sides will set up a joint venture
company, Beijing Yanshan Petrochemical base for
the operation of the industrial recovery, treatment
and recycling facilities. |
| Frerot said that with the signing of these two
new projects, Veolia Water Services in China has
reached a total of 19 projects with more than
7,000 employees were. He also disclosed that in
2005, Veolia Water's investment in China amounted
to 470 million euros. |
| It has been learned that as early as 2002, Veolia
Water Resources Group will shift its strategic
focus to international business development in
Asia, and China has become the top priority of
its Asian expansion. |
| Frerot, Veolia Water future will continue to
strengthen its business in China and to actively
participate in and promote China's water utility
market and the reform and opening up areas for
future business in the Asian market share of the
internal operations rose from less than 2% to
121 now. China's market and to ensure the business
achieve double-digit growth. |
| As China gradually break down water and other
municipal utilities in the area of long-term monopoly,
investors have great potential to accelerate the
pace of the water to seize Chinese market. Currently,
Veolia, Suez, Berlin, as well as the water supply
almost all the world's leading Water Resources
Group have entered the Chinese market. |
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