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France's Veolia to fully enter Japanese waterworks market
Tokyo (AFP) Feb 3, 2008 France's Veolia Water, the world's largest water company, will fully enter the Japanese waterworks market by boosting its stake in a Japanese partner, a newspaper said Sunday. Veolia Japan Water KK, a subsidiary of the French firm, has recently upped its stake in Nishihara Environment Technology Inc, a waterworks firm, to 51 percent from the 20 percent it acquired in 2006, the Nikkei business daily said. With the purchase, Veolia Japan sent a president to Nishihara Environment, now capitalised at 1.4 billion yen (13 million dollars), as a first step to its full entry into the Japanese waterworks market, the newspaper said. Japan's waterworks market was liberalised in 2002 when a legal revision allowed local governments to outsource waterworks operations as part of the nation's structural reforms. Nishihara Environment is currently engaged in water-related business for municipalities, such as construction of waterworks facilities and human waste treatment plants. The Tokyo-based firm posted sales of about 15 billion yen for the year through March 2006. Veolia hopes to expand its business in Japan by combining its know-how in operating water facilities and Nishihara Environment's nationwide network and connections to public-sector clients, Nikkei said. In Japan, Veolia has separately been engaged in water treatment plant operations and sewage plant maintenance by cooperating with Japanese partners, Electric Power Development Co. Community Email This Article Comment On This Article Related Links Water News - Science, Technology and Politics
The Yellow River, "China's sorrow," in troubled times
Zhengzhou, China (AFP) Feb 1, 2008The Yellow River has traditionally been called "China's sorrow" and for Li Xiaoqiang, the grief strikes particularly close to home. |
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