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| Monday, 17 March 2014, 19:00 HKT/SGT | |
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HONG KONG, Mar 17, 2014 - (ACN Newswire) - Sound Global Ltd. ("Sound Global", or the "Company"; Stock Code: 00967.HK) is pleased to announce that the Company has won the following bids: Guojiadian Sewage Treatment Project in Lishu County, and the BOT (Build, Operate and Transfer) projects for the water supply plant and the municipal sewage treatment plant in the Changbai Mountain Wildlife Protection and Development Area in Jilin Province, China.
Guojiadian Sewage Treatment Project in Lishu County
The project, with long-term and short-term designed daily treatment capacity of 25,000 m3/d and 12,500 m3/d respectively, is to be constructed by Sound Global with a total investment of RMB55 million and the improved AAO technique will be adopted for sewage treatment. Water quality after treatment is designed to meet A Standard of First Grade set out in the "Discharge Standard of Pollutants for Municipal Sewage Treatment Plants" (GB18918-2002). Construction of the project will be of great significance to the sustainable development of Lishu County.
BOT projects in the Changbai Mountain Wildlife Protection and Development Area
The BOT project for the water supply plant is located in the Changbai Mountain Wildlife Protection and Development Area in Jilin Province, which will be invested and constructed by Sound Global The short-term designed water supply capacity of the project will be 20,000 m3/per day. The plant will be invested, built, operated and transferred by the Company as a BOT project. Total investment amount of the project is approximately RMB44.56 million. It has been granted a concession period of 30 years. Construction of the project will be of great significance to water protection, tourism development and sustainable economic growth of the Changbai Mountain Wildlife Protection and Development Area.
The BOT project for the municipal sewage treatment plant is located in the Changbai Mountain Wildlife Protection and Development Area in Jilin Province, which will be invested and constructed by Sound Global. The short-term designed sewage treatment capacity of the project will be 15,000 m3/per day. The project involves upgrading and transformation of the sewage treatment plant and improvement of part of its ancillary pipelines, and will be invested, built, operated and transferred by the Company as a BOT project. Total investment amount of the project is approximately RMB50.00 million. It has been granted a concession period of 30 years. Construction of the project will be of great significance to water protection, energy conservation, emissions reduction and sustainable development of the Changbai Mountain Wildlife Protection and Development Area.
Mr. Wen Yibo, Chairman of Sound Global said "upon completion of the Guojiadian project, local sewage discharge and treatment issues will be effectively addressed, which will not only boost economic development in that area, but also have great significance to environmental protection and efficient utilization of water resources, thus ensuring the achievement of the environmental protection objective set for the Liaohe River region."
Mr. Wen also commented that "Sound Global has continued to make new achievements after the successful bid for a number of sewage treatment BOT projects in Jiangsu, Hebei and Fujian recently. The successful bids for the BOT projects for the water supply plant and the municipal sewage treatment plant in the Changbai Mountain Wildlife Protection and Development Area will have significant positive impact on the water market in China, especially in Northeastern China. Sound Global will fully leverage on its competitive edge in technology, capital, management and complete industry chain to provide effective solutions for safe supply of drinking water and prevention and treatment of sewage in the region. In addition, Sound Global, as a leader in China's water industry, will achieve steady and sustainable development in the domestic water market."
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 its founding. 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
https://www.acnnewswire.com
From the Asia Corporate News Network
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