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| Friday, 15 August 2014, 22:10 HKT/SGT | |
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HONG KONG, Aug 15, 2014 - (ACN Newswire) - Sound Global Ltd. ("Sound Global", or the "Company"; Stock Code: 00967.HK) is pleased to announce that the construction of Stage II of Phase I BOT project of its Jiangnan Sewage Treatment Plant in Chongzuo City, Guangxi Province has been approved in August.
The total sewage treatment capacity of the project is designed to be 60,000 tonnes per day, and the aggregate investment is approximately RMB68.21 million, for a concession period of 26 years. The Stage I of Phase I of the project, funded and constructed by Sound Global in 2008, is equipped with a sewage treatment capacity of 15,000 tonnes per day and serves Chengnan New Area at the south bank of Zuojiang River as well as Jiangnan old town area, which cover 21.25 square kilometers with a population of 100,000. With progressive improvements in the construction of the pipeline network in Chongzuo City and the rapid growth of its population and industries, according to the original designed capacity of 30,000 tonnes per day, the construction of Stage II of Phase I expansion project with a sewage treatment capacity of 15,000 tonnes per day has been approved by the Municipal Government of Chongzuo City, Guangxi Province, and is expected to be commenced in September.
Mr. Wen Yibo, Chairman of Sound Global, comments that the Guangxi Zhuang Autonomous Region is adjacent to the ASEAN Free Trade Area and is a populous region with great potential for economic development. Sound Global will fully leverage its advantages in technology, capital, management expertise accumulated for years and the whole industry chain to capture more sewage treatment market share in the Guangxi Zhuang Autonomous Region.
About Sound Global Ltd.
Sound Global is the leading one-stop integrated water and wastewater treatment solutions providers in the PRC. The Company offers services covering the full value chain of the water and wastewater treatment industry - from the design and construction of water and wastewater treatment facilities, to the operation and maintenance of water and wastewater treatment facilities and the manufacture of water and wastewater treatment equipment. With advantages in technology, capital, management and whole industry chain, Sound Global has earned a high reputation within the water industry for its excellence since its founding. The Company has very extensive business networks covering all major provinces in PRC. On top of coverage in domestic market, sound global has also penetrated into overseas market in 2009 and continued expanding its business presence internationally. Sound Global is the first Chinese water enterprise that successfully won the bid for the overseas water project.
The Company places significant emphasis on its in-house design capability and the innovative adaptation and application of technologies to offer customized, cost-effective and practical solutions for the diverse challenges presented by the treatment of municipal and industrial water and wastewater. With strong R&D and technical capacity, Sound Global could provide wastewater treatment solution for all major industries, particularly coking, metallurgy and petrochemical industries who demand highly sophisticated wastewater treatment technologies.
In 2011, Sound Global expanded into the markets of environmental management in China's suburban-rural areas. Sound Global researched and developed a new program -- the "Sound Global SMART(1) Solution for wastewater treatment in Small Townships". This program was implemented in 18 bundled wastewater treatment projects in Changsha County of Hunan Province. This integrated wastewater treatment programs, developed by Sound Global, established successful models for wastewater treatment in suburban-rural areas of China.
(1)Small & Skillful, Multiple & Modular, Active & Automatic, Rapid and Technologic
Topic: Press release summary
Sectors: Daily Finance, Daily News
https://www.acnnewswire.com
From the Asia Corporate News Network
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