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| Monday, 27 January 2014, 18:20 HKT/SGT | |
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HONG KONG, Jan 27, 2014 - (ACN Newswire) - Sound Global Ltd. ("Sound Global", or the "Company"; Hong Kong Stock Code: 00967.HK) is pleased to announce that it formally entered into a contract for the sewage treatment plant network project located in Wood Park in Siyang County, Jiangsu Province, the PRC (the "Siyang Wood Park Project").
The Siyang Wood Park Project is situated at Suqian City, Jiangsu Province. The project is invested, constructed, operated and transferred by Sound Global, with a daily capacity of 15,000 tonnes and expected long-term daily capacity of 30,000 tonnes. The project has a licensed operating term of 30 years with total investments amounting to approximately RMB60 million. The term of construction is around 12 months. It is expected that the construction will be completed and operation will commence by the end of December 2014. The completion and operation of the project will represent an important demonstrative leading function for the overall industrial park environmental governance along the coastal developed provinces like northern Jiangsu Province or even the surrounding provinces and regions.
Following the Hongze Project, Siyang Rural Project and Donghai Project, the Siyang Wood Park Project will become another example of Sound Global's sewage treatment projects in northern Jiangsu Province. The completion of these projects will significantly improve the COD discharge in the regions covered and drive the friendly and harmonious development of sewage environment.
Mr. Wen Yibo, Chairman of Sound Global comments, "The signing of contract for the Project is fully attributable to Sound Global's technological strength of integrated domestic sewage treatment and other integrated strengths across the industry chain such as capital, project implementation, facilities and operation. Capitalising on its own strengths in technology, management and whole industry chain, and through intensive, modular and clustering management, Sound Global adopts state-of-the-art A2O technology that significantly simplifies the operational management, reduces operating costs, increases system stability, reliability and treatment efficiency, with an aim to identify an economically viable solution for industrial park environmental governance in the PRC. Since then, Sound Global will also adopt such technology and model to establish more projects in many provinces in the PRC taking industrial park as regional unit."
About Sound Global Ltd.
Sound Global is one of China's leading turnkey water & wastewater treatment solutions providers. Backed by extensive R&D and technical expertise, it has successfully completed many award-winning projects. The Group develops proprietary technologies and customizes them into effective turnkey solutions for industrial and municipal projects. It has a strong marketing network in China, where it is much sought after for its strong design and engineering project management capabilities. In 2006, Sound Global diversified into the management of water treatment plants. It has also invested in build, operate and transfer (BOT) projects to diversify its project portfolio. The Group acquired Beijing Hi-Standard Water Treatment Equipment Co., Ltd, progressing towards its aspiration of becoming a fully integrated services provider. Sound Global was named one of the Top Ten Influential Water Industry Engineering Companies in China in 2007 and ranked first among the Top Ten Outstanding Engineering Companies in 2009. Executive Chairman Wen Yibo was named one of the Top Ten Influential People in the Water Industry in China in 2005, 2006 and 2007.
Topic: Press release summary
Sectors: Daily Finance, Daily News
https://www.acnnewswire.com
From the Asia Corporate News Network
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