“SUEZ Group expects sales in China will grow 30% this year, fueled by the nation’s growing needs for cleaner drinking water”, said Steve Clark, executive director of Sino French Water Development Co, a subsidiary of SUEZ in China. “It registered a roughly 15% per year growth in revenue in the greater China during the past four to five years”, said Jean-Louis Chaussade, CEO of Suez Environnement.

“The company expects to win two contracts for water plants, and “hopefully” add a sewerage project to its portfolio on the mainland” said Steve Clarck. Those water contracts are likely to come from Jiangsu Province, Beijing or Chongqing, he also mentionned. Their planned bidding for Shanghai’s largest waterworks is at a standstill as the project has been suspended. On July 19, at the Shanghai chemical Industry Park (SCIP) site, Suez inaugurated a hazardous waste treatment facility with an investment of 53 million euros (US$72.98m) in suburban Shanghai . The incineration plant is the largest of its kind in China with an annual capacity of 60,000 tons generated from the local chemical plants of BASF and Bayer. The facility will also sell to them steam, produced from burning the waste.

It is still cautious towards energy projects in China as officials are concerned about energy laws that do not guarantee stable returns, said Clark. Since last year the company has failed in two takeover bids for France-based Veolia Water, one of the world’s largest water suppliers. Veolia has doubled its sale price each time.

Upbeat SUEZ unveils huge Shanghai plant – Shanghai Daily/July 19,07
- http://www.shanghaidaily.com/article/?id=323895&type=Business

Tags: China, steve clark, suez

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