Is Emefcy Group Limited a good pick for an investment ?
Achieving milestones: Emefcy Group Limited (ASX: EMC), a global leader in energy-efficient wastewater treatment solutions, has announced for its third commercial deployment success in China under the long-term cooperation agreement with Qingshuiyuan Environment Company (QSY). This involves construction of a Membrane Aerated Biofilm Reactor-based (MABR) plant in Xinjiang Province with a capacity of up to 500,000 litres per day. Development work at Henan Province is also expected under the agreement. Also, the agreement will continue with the merged entity – RWL Water and Emefcy (plans of merger announced in May 2017). It was earlier revealed that on a combined basis the groups would have achieved revenues of US$62 million ($A83 million) in 2016 with sales forecast in excess of US$90 million (A$120 million) for calendar 2017.Lately, the group had entered into a binding purchase agreement with Shanghai Winner Environmental Technologies Co., Ltd (“Shanghai Winner”) to develop a commercial wastewater treatment plant in China for VOSS of Norway ASA. This was the first of the many in a long-term cooperation agreement between Emefcy and Shanghai Winner.
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