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| Wednesday, 27 August 2014, 18:35 HKT/SGT | |
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HONG KONG, Aug 27, 2014 - (ACN Newswire) - Sound Global Ltd. ("Sound Global", or the "Company"; Hong Kong Stock Code: 967) is pleased to announce that the expansion of Sound Global's urban sewage treatment plant in Tongliao City has been approved. The expansion will bring an additional sewage treatment capacity of 50,000 tonnes per day to the project, and the aggregate investment is approximately RMB100 million, for a concession period of 30 years.
The urban sewage treatment plant in Tongliao City, established in 2007, is equipped with a sewage treatment capacity of 100,000 tonnes per day, with the quality of water discharged designed to meet Class I A standard as set out in the Discharge Standards on Pollutants from Urban Sewage Treatment Plants(GB18918-2002). Given the fast expanding urban size going with the urbanization process, the urban population has seen a rapid growth, as a result, the volume of discharged urban sewage has been increasing year by year. Upon the completion of the expansion, the urban sewage treatment plant in Tongliao City will be equipped with a sewage treatment capacity of 150,000 tonnes per day. The expansion has been approved by the Municipal Government of Tongliao City, Inner Mongolia, and construction is expected to commence in September.
Mr. Wen Yibo, Chairman of Sound Global, commended that Tongliao City is located along the upstream of Liao River basin, and plays an important role in the pollution treatment campaign for Liao River basin. The construction of the urban sewage treatment project in Tongliao City would largely improve the environment of the urban area, and contributed a lot to the protection of the quality of water of the Western Liao River. Sound Global will fully leverage its advantages in technology, capital, management expertise accumulated for years and the whole industry chain to capture more market share of sewage treatment in the Inner Mongolia Autonomous Region.
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 researched and developed 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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