Veolia Water invests near US$1.21b in China
(Xinhua)
Updated: 2004-10-04 11:01

Since its first co-operation with China's first water works in Tianjin in 1997, the French company has successfully won bids for 13 water projects throughout the country, she said.

"Our company is quite professional, and we have rich experience and advanced technology in urban water supply and waste water disposal," said Sophie Lamacq. "But, more important is the social responsibility we undertake in our work. We try to provide our best service to local people. That's the main reason for our successful investment in China."

Last December, the company bought a 45 percent stake of the Shenzhen Water Group for US$400 million, which has been the largest water project purchase ever in China.

Earlier this year, Veolia Water bought the operation rights of two water works in Zunyi, a city of Guizhou Province, for 152 million yuan (US$18.3 million).

"With China's rapid urbanization, we still have great potential in the country's water market. China will be one of the most important markets for our investment both now and in the future," She said.

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