New year, new start for Aqualyng
- From: Vol 11, Issue 2 (February 2010)
- Category: Companies
- Region: Unspecified
- Country: China and Oman
- Related Companies: Aqualyng and Ghana Water Company
The economic downturn has proved a tough challenge for Norwegian desalter Aqualyng. Chairman Bernt Østhus talks to GWI about his hopes for the future.
The economic downturn has proved particularly challenging for Norwegian desalination firm Aqualyng. The inability to raise finance – brought about by the credit crunch – delayed a number of key projects, and dented cashflow, leading to losses and layoffs.
Low points included the freezing of a desalination contract in Ghana, while the failure to implement sovereign security guarantees led to Aqualyng pulling ...
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