Salcon ... Dec09

Water and wastewater solutions provider, Salcon Corp Bhd, sealed its seventh concession in China following the award of a 30-year concession by the municipal government of Yizheng to its joint-venture (JV) company Jiangsu Salcon Water & Environmental Development Co Ltd.

The concession relates to the transfer of treated water in the central region of Yizheng city.

Under the concession agreement, the JV company will implement the Yizheng water integration scheme, which includes the integration and consolidation of water and wastewater works within the Yizheng city.

The new concession agreement is a key stepping stone for the group to further expand into the Jiangau province.

Besides the new concession in Yizheng, Salcon currently owns three water concessionaires, one wastewater and two raw water concessions in various cities in the provinces of Shandong, Fujian and Zhejiang.