Published 28 December 2011
Mitsui & Co, through Galaxy NewSpring, a joint venture company equally held by Mitsui and Hyflux, has entered into an agreement to operate two additional operational assets, water treatment and waste water treatment plants, in China.
The operational assets are situated in two provinces, Shandong and Chongqing, and they will significantly contribute to the development of the regional community and environmental preservation.
In addition, these operation assets include expansion plans and other potential enhancement projects in these provinces.
Galaxy will invest about JPY6bn ($77.11m) for the two operational assets, and together with the existing assets held by Galaxy, the total investment is planned to be JPY35bn ($450m).
The total designed capacity upon commencement of operation of all assets by Galaxy will be over 1,000,000 cubic meter per day.
Galaxy has been improving local operation and management, and will operate these two operational assets along with the twenty-two water treatment plant operational assets, which Galaxy is currently operating in China.
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