Wabag in limbo as it awaits new owner
- From: Vol 8, Issue 8 (August 2007)
- Category: General
- Region: Europe
- Country: Austria
- Related Companies: Siemens, Tianjin Baocheng and Wabag
The summer season has frustrated attempts to wind up the sale of Wabag quickly. The Austrian company is keen to push ahead with new projects.
Austrian water treatment company Wabag clinched a co-operation deal with a Chinese component manufacturer, completed a substantial wastewater project in China and achieved early start-up for a water plant in Algeria in the first six months of 2007.
But despite these successes, an upcoming change of ownership is causing the company to suffer from “a certain paralysis with respect to ...
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