LOOKING TO CHINA
- From: Vol 11, Issue 2 (February 2010)
- Category: Need to know
- Region: Asia
- Country: China
- Related Companies: Aqualyng, Berlinwasser and Metito
* Aqualyng has recovered from a neardeath experience during 2009, when project delays coincided with the disappearance of refinancing options to create losses of nearly $12 mllion on revenues of $479,000 in the 12 months ending 30 September.
Chairman Bernt Østhus says the company is now hiring staff again after a $24 million refinancing (see story p22).
* The first project to emerge from Aqualyng’s 2009 train crash will be the 50,000m3/d Caofeidian plant in China. The company is also optimistic about follow-on opportunties in China.
* Metito is also pleased with progress in China. The UAE-based ...
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