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.