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| Monday, 24 February 2014, 18:40 HKT/SGT | |
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HONG KONG, Feb 24, 2014 - (ACN Newswire) - Sound Global Ltd. ("Sound Global", or the "Company"; Hong Kong Stock Code: 00967.HK) is pleased to announce that the Company has won the following bids: BOT project for Jianmin Sewage Treatment Plant (Phase I) in Ankang City, Shaanxi Province and BOT project for the water supply and sewage treatment plant for the Western Industrial Zone in Qian'an City, PRC.
Project for Jianmin Sewage Treatment Plant (Phase I) in Ankang City
The project is located in Ankang City, Shaanxi Province. The designed daily treatment capacity of the project will be approximately 30,000 tonnes/day, and 15,000 tonnes/day for Phase I construction. It will be invested, built, operated and transferred by the Company as a BOT project. Total investment amount of the project is approximately RMB50,000,000. It has a licensed operating term of 29 years. The project is situated in the important water source protection zone of the middle route project of the South-to-North Water Diversion Project and in the riverside of the Han River, which is an environment-sensitive area. Construction of Jianmin Sewage Treatment Plant will play a significant role in improving the infrastructure of Ankang city, alleviating the domestic pollution pressure in the continuous and steady manner, improving urban living environment in Ankang City and protecting water quality of the Han River.
Water supply and sewage treatment plant for the Western Industrial Zone in Qian'an City
The project is located in Qian'an City, Hebei Province. Its Phase I construction consists of a water supply plant with a designed capacity of approximately 15,000 tonnes/per day, a sewage treatment plant with a designed capacity of approximately 10,000 tonnes/per day and a portion of the auxiliary drainage pipeline, the designed capacity of which will be increased to approximately 30,000 tonnes/per day and approximately 20,000/per day respectively in future. Total investment amount of
the project is approximately RMB59,300,000. It has a licensed operating term of 25 years. Construction of the project will safeguard water quality, ecosystem and water safety in the Luan River Basin which has a cluster of cities like Beijing, Tianjin, Tangshan, Qinhuangdao and Chengde in the Bohai Rim, and will play a significant role in saving energy, reducing emission and promoting sustainable development in Qian'an City, Hebei Province.
Mr. Wen Yibo, Chairman of Sound Global said "Sound Global has continued to make new achievements after winning the BOT projects and entrusted operation projects in the southern counties of Shaanxi province recently. Sound Global has successfully won the bid for a BOT project for Jianmin Sewage Treatment Plant (Phase I) in Ankang City, Shaanxi Province, which will have significant positive impact on the sewage treatment market in China, especially in the southern region of Shaanxi province. Sound Global will fully leverage on its competitive edge in technology, capital, management and complete industry chain to provide effective solutions for sewage prevention and treatment in the southern region of Shaanxi province. In addition, Sound Global, as a leader in China's water industry, will achieve better and steady development in the domestic water market."
Mr. Wen also commented that "BOT Project for the Water Supply and Sewage Treatment Plant for Western Industrial Zone in Qian'an City" marks another breakthrough for investments in key industrial parks following its successful bid for Baoding National Sewage Treatment Plant Project in Diangu New District. This project employed an integrated investment in water supply and drainage system, which is considered as an innovative case in respect of collection of sewage treatment charges together with water tariffs in industrial parks. This project is believed to have overcome the difficulty in collection of sewage treatment charges, and expected to serve as an excellent example for future integrated investments in water supply and drainage projects in various types of industrial parks. Sound Global will fully leverage on its competitive edge in technology, capital, management and complete industry chain to provide effective solutions for sewage prevention and treatment during the course of economic development of Qian'an City and its surrounding areas, and to facilitate Qian'An City to build the Western Industrial Zone into a nation-wide leading steel base, an advanced equipment manufacturing base in North China, a key coal chemical industrial base in the eastern region of Hebei Province and a provincial first-class industrial cluster in Hebei Province."
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 the founding in 1993. 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 engineered 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
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From the Asia Corporate News Network
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