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Aquaprofit signs Chinese contract

Hungary's Aquaprofit and China's Shenzhen Environmental Technical Center signed an environmental-protection and water-management agreement, Aquaprofit told MTI.

Aquaprofit said that over the next five years the company will cooperate in a joint venture with the Shenzhen Environmental Technical Center to establish China's largest environmental-protection and water-management consultancy, of which Aquaprofit and its Chinese partner will each own 50%.

The agreement also stipulates that Aquaprofit will work with the Shenzhen Environmental Technical Center to improve water quality and public water provision in the city of 8 million residents in southern China as well as collaborating in the areas of bottling mineral water, protection of the water base and utilization of renewable energy sources. Aquaprofit is a 100% Hungarian-owned company, while the Shenzhen Environmental Technical Center belongs to the Shenzhen local council. (MTI - Econews)