•  
  •  
  •  

Hitachi Zosen creates EfW plant maintenance JV in China

Plastic waste. Source: Neste

October 12 (Renewables Now) - Japan's Hitachi Zosen Corp (TYO:7004) said today it has formed a joint venture with Shanghai SUS Environment Co Ltd to undertake maintenance and other work for energy-from-waste (EfW) plants in China.

The new company, called KangHeng NichiZou Environmental Technology Co Ltd, has already started operations and will act as a licensee of Hitachi Zosen’s EfW plants technology. It will also offer technology consultation, design, procurement, sale and installation guidance for incinerators used in China.

SUS is the majority owner with a 51% stake, while the Japanese group holds 49%. The Chinese side will be contracting out the maintenance work, while its partner will be in charge of technical support.

Hitachi Zosen noted that this is the first time for it to establish a firm engaged in the maintenance of EfW plants overseas. Doing so will enable it to achieve the expansion of business fields outlined in its medium-term management plan, the statement says.

The latest announcement comes a few days after Hitachi Zosen said it had opened a new office to work on EfW projects in the Vietnamese capital of Hanoi and neighbouring cities.

More stories to explore
Share this story
Tags
About the author
Browse all articles from Ivan Shumkov

Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

More articles by the author
5 / 5 free articles left this month
Get 5 more for free Sign up for Basic subscription
Get full access Sign up for Premium subscription