Sembcorp expands wastewater treatment business to Hubei
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SEMBCORP Industries is expanding its industrial wastewater treatment business to China's Hubei province.
In a move to establish its first foothold in Jingmen City, Sembcorp has, through wholly owned Sembcorp (China) Holding, signed a joint venture agreement to build, own and operate an industrial wastewater treatment plant in the Jingmen Chemical Industrial Park (JCIP).
Sembcorp will own 95 per cent stake in the joint venture while Jingmen Xinyuan Investment Company, wholly owned by the Duodao district government of Jingmen city and a business arm of the JCIP Administration Committee, will hold the remaining 5 per cent.
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