China Industrial Waste Management, Inc. Provides Operations Update
Company Receives Second Quarterly Payment for its Waste Water Treatment and Completes Construction of Incineration Plant
Dongtai Water Recycling Co., Ltd., an indirect majority-owned subsidiary of China Industrial Waste Management, Inc., received a quarterly payment of
“We are very pleased to see steady cash flow generated by our waste water subsidiary. This project is expected to bring us 20 plus years of stable recurring income backed by government tax revenue and confirmed through our franchise agreement. We expect future income to grow as wastewater processing increases over time. BOT projects contribute stable earnings and will be an important composition of our business and growth going forward,” commented Mr.
Separately, the current expansion project of the Company’s operating subsidiary, Dongtai, which operates one of fifty-five hazardous waste treatment centers sponsored by the National Development and Reform Commission and one of two centers in
Additionally, Zhuorui Resource Recycling Co., Ltd, an indirect majority-owned subsidiary of China Industrial Waste, Management Inc., which provides plasma arc melting, separation and purification of waste catalysts, continues final testing of its oxidation baking system, with several large-scale trials completed to date. However, the continuity of the production process is not yet stable and engineers are adjusting the production process to improve the effective yield to desired levels.
“After several years of preparation, we have several projects scheduled for completion in 2009 driving further growth and complementing our business model. In 2009, most of the world will be impacted by the global slowdown in economic growth. However,
About China Industrial Waste Management, Inc.
China Industrial Waste Management, Inc., International Ltd., is engaged in the collection, treatment, disposal and recycling of industrial wastes principally in
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SOURCE China Industrial Waste Management, Inc.