WASTEWATER FIRMS UNITE ON LOCAL PROJECT.Byline: Sherry Joe Crosby Daily News Staff Writer A Valencia water treatment company will start a new wastewater treatment firm with a leading German manufacturer of environmental technologies, company officials announced Tuesday. The new joint-venture company, Aquafine WEDECO Environmental Systems Inc., is composed of Aquafine Corp., North America's leading manufacturer of ultraviolet An invisible band of radiation at the upper end of the visible light spectrum. With wavelengths from 10 to 400 nm, ultraviolet starts at the end of visible light and ends at the beginning of X-rays. The primary source of ultraviolet light is the sun. water treatment equipment, and WEDECO Environmental Technologies of Dusseldorf, Germany, which purifies water, soil and air. The new company, which will operate in Valencia, will manufacture and sell WEDECO's water treatment equipment and processes in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , Mexico and Canada. "This new venture will get us into treating wastewater," said Michael J. Murphy, executive vice president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. for Aquafine Corp. "They already have the technology to treat wastewater. We're the leader in the ultraviolet industry." The new company will operate under the trade name, AWES, and will have its own sales, engineering, manufacturing, research and development staff. By year's end, the company will have hired about 30 engineers, production and assembly workers. "This joint venture will provide Aquafine and WEDECO with new growth avenues, while providing our customers with more cost-effective and environmentally sound water treatment processes," Roberta Veloz, Aquafine's chairwoman and chief executive officer, said in a prepared statement. The deal represents WEDECO's first venture into the American marketplace. "This joint venture merges the resources of two worldwide leaders," Werner Klink, WEDECO's president and chief executive officer, said in a prepared statement. "We are excited and proud to be a partner in this historic venture. WEDECO's depth of knowledge in advanced water treatment technologies, combined with Aquafine's reputation for quality and customer service in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. for an unbeatable team." AWES will produce several different water treatment systems that use ozone gas, ultraviolet light Ultraviolet light A portion of the light spectrum not visible to the eye. Two bands of the UV spectrum, UVA and UVB, are used to treat psoriasis and other skin diseases. and other biological systems to treat municipal and industrial water, such as contaminated contaminated, v 1. made radioactive by the addition of small quantities of radioactive material. 2. made contaminated by adding infective or radiographic materials. 3. an infective surface or object. water from landfills, cooling tower applications and ground water remediation segments. Unlike traditional synthetic chemical water treatment, AWES products will rely primarily on natural processes to break down pollutants pollutants see environmental pollution. to elementary compounds to avoid harmful byproducts. Within 10 years, Murphy said he hopes the company will capture about 10 percent of the $59 billion wastewater industry. Veloz will operate the new Valencia firm but share joint ownership with Klink, she said. A 10-member team from WEDECO will provide technical assistance for the new company, Murphy said. WEDECO, founded in 1975 in Herford, Germany, has delivered thousands of water treatment systems, especially for municipal and private water supplies. Aquafine Corp. founded in 1949, designs, manufactures and sells ultraviolet water treatment systems for the food and beverage F&B is a common abbreviation in the United States and Commonwealth countries, including Hong Kong. F&B is typically the widely accepted abbreviation for "Food and Beverage," which is the sector/industry that specializes in the conceptualization, the making of, and delivery of foods. , pharmaceutical and electronics industries. About 60 percent of its business is in the electronics field and includes such companies as Motorola, AT&T and Samsung. Two years ago, Aquafine embarked on a five-year strategic plan to increase the company's earning power Earning power Earnings before interest and taxes (EBIT) divided by total assets. earning power 1. The earnings that an asset could produce under optimal conditions. For example, AT&T may currently be earning $2. and streamline its services. Since 1994, the company has doubled its sales, Murphy said, and added a research and development center and warehouse. CAPTION(S): PHOTO Photo (Color) Michael Murphy Michael Murphy may refer to:
|
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion