Acquisitions

France's Veolia is the largest water company on the world. The closest plan of this company is to fully enter Japanese market. It is ready to expand farther in this country. It wants to combine it's know &how in operating water facilities and nationwide network and existing connections to clients of public-sector of Nishihara Environment. Actually, it is focused on Japanese waterworks, Veolia Japan Water KK. This company is a subsidiary of the French mother company. Its number of stakes increased from 20%, which was acquired in 2006, to 51%. That means it became the majority holder. The first step, that Veolia needed to do, was to pay 1.4 billion yen, about 13 million dollars, to Nishihara Environment. The company Nishihara Environment is actually working on construction of waterworks facilities and human waste treatment plans. On the same thing in Japan but separately is working also Veolia. It is engaged in water treatment operation as well as sewage plant maintenance. In this project is Veolia cooperated with important partners as Electric Power Development Co. The Japanese waterworks market has been liberalized in 2002. It is relatively a short time. Since this year as a part of the nation's structural reforms a legal revision has allowed local governments to outsource operations of waterworks.Nirishara was established in 1917. Since these days it has believed that sludge could become a useful organic resource. In 1936 it began a wide experimental research of sludge reusing and later a compost testing farm in Hokkaido was established. The whole process of food waste composing has run in the original Drum Type Composing System Moisture.

by Jana Passova for PocketNews (http://pocketnews.tv)

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Edited by Federica Paddeu

Labels: Acquisitions, CantellTV, Chris Cantell, Christopher Cantell, digital broadcasting, SigEx Foundry, SigEx Telecom