South Korea’s Huvis Water Corp. secured a $20 million contract to build industrial water supply and waste water treatment facilities for a dyeing industrial park that is under construction in Tay Ninh province in southern Vietnam, the company announced on Monday. The construction is to be completed in 18 months.
The construction of the dyeing industrial complex sitting on a 2 million square meter site in Vietnam is led by TMTC Industrial Zone Development Co., which is a Vietnamese subsidiary of Korean shoes manufacturer Taekwang Industrial Co.
Under the agreement, Huvis Water will build a facility that could handle 20,000 cubic meters of waste water daily and a water supply facility that could handle 19,000 cubic meters of industrial water per day.
Huvis Water expects it could win the second phase of the water treatment project for the industrial park in Vietnam that will include the construction of a water treatment facility as well as minor facility maintenance and operation services. The company plans to put out efforts to make inroads into the overseas industrial water treatment market including Vietnam and China, said Shin In-yool, chief executive officer and president of the company.
Separately, the Korean water treatment firm set up a local subsidiary in Vietnam on Jan. 19 to expand its presence in Vietnam with high growth potential. Huvis Water also plans to participate in a Vietnamese government-led project bid.
Sourced by ekomeri.com