Business Expansion | Agile Environmental Protection Group Took Control of Zezhou Hemei Environmental Protection Technology Co., Ltd.
Release time : 2018-06-19 Page views : 55
On June 19th, Agile Environmental Protection Group signed a cooperation agreement with Zezhou Hemei Environmental Protection Technology Co., Ltd.( hereinafter referred to as the "Zezhou Hemei ") to acquire a 70 per cent stake in it which made Agile Environmental Protection Group become the controlling shareholder.
The subordinates project of Zezhou Hemei—Zezhou Hemei Integrative Solid Waste Disposal Center, is located in An Village, Zhoucun Town, Zezhou County, Jincheng City, Shanxi Province, covering an area of 300 Mu, with the intended investment of 630 million which would be the biggest hazardous waste disposal project and the second integrative hazardous waste disposal center in Shanxi. The total disposal scale of the project is 180,000 tons per year.
As the coal-rich province, Shanxi is flourishing in coal mining, metallurgy, coal chemical industry and other coal industries and derived industries. In recent years, the manufacturing of Shanxi who planned to become a manufacturing innovation center in 2025, has developed fast: its growth rate in the first quarter of 2018 reached 12.7%, with the deepening of industrial restructuring and industrial upgrading. Industrial structure and future positioning determine the huge demand for hazardous waste disposal in Shanxi. The industrial structure and future positioning determine a huge demand for hazardous waste disposal and it’s obvious that the handling capacity of Shanxi at the present stage is too small to meet the demand. The project will fill the demand gap of hazardous waste disposal especially safety landfill in Shanxi to promote environmental protection and economic transition.
It’s the first for the group to enter Shanxi province which is significant to seize the market of hazardous waste disposal in Shanxi, and further improves the layout of the group in the Midwest regions. Moreover, the safety landfill site of 2.4 million cubic meters increases greatly the total capacity of safety landfill of the group and extends the lead of the group in the field.