Hyflux looks to sub-Saharan Africa for growth
China has failed to generate the sales momentum that the Singaporean developer had been hoping for. The company sees better prospects in Ghana and Nigeria.
Hyflux is increasingly turning its business development focus to sub-Saharan Africa as it struggles to grow its top line in the face of declining demand for its water treatment solutions in China.
The company announced lacklustre results in its mid-year briefing earlier this month, with revenues in the first half of 2013 down 18% year-on-year to S$262.9 million (US$208.4 million) and...
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