Source: CCGC 2011/10/16

On October 14, China Composites Group Corporation Ltd. (CCGC) concluded a framework agreement with Mitsubishi Corporation and Swing Corporation on water treatment cooperation.

Water pollution and freshwater resource crisis has become one of the world’s most grave environmental problems, China’s central government and local governments at all levels have also put water supply and water supply safety in an important position. The water treatment industry will undoubtedly be one of the fastest-growing industries in China. Under the “three-new” strategy of China National Building Materials Group Corporation (CNBM), CCGC expressly positioned the water treatment industry as its new strategic industry, and actively established strategic partnerships with Mitsubishi and Swing with advanced technologies and rich experience in water project investment and financing, equipment manufacturing, and engineering design and operation, to jointly develop the Chinese water market and accomplish win-win.

Mitsubishi is Japan’s largest general trade corporation, which owns over 200 branches in Japan and some 80 foreign countries, and maintains extensive trade and cooperation relations with customers around the world in such fields as energy, metal, machinery, chemicals, food and property. Swing, which holds a stake in Mitsubishi, is Japan’s best general water treatment engineering technology service company, which has successfully delivered 500 projects in 50 foreign countries.