Chilean sanitation firm Hidrosan expects sales of US$100mn in the country during 2008, company president Guillermo Ruíz was quoted as saying in Peruvian paper Gestión.
Ruíz also referred to expansion plans in other countries. The company has already signed a number of contracts for the construction of potable and wastewater treatment plants in Panama, which will require investments of US$3mn, the report said.
Hidrosan plans on entering the Peruvian market this year and has already pre-qualified in tender processes in the country and also in Ecuador. These projects include finding a strategic partner for Ecuador's Quito water utility Emaap and a concession to provide water services in Peruvian city Tumbes.
Argentina is also in the company's expansion plans, the report said.
According to Ruiz, the company will invest around US$15mn in Chile this year, where it is seeking to strengthen local operations in areas such as industrial wastewater treatment services, using improved engineering and monitoring services, as well as the construction and operation of new plants.
The company is also involved in solid waste treatment, holding a 37% stake in the Santa Marta landfill, located in Chile's capital Santiago, which handles 40% of the city's waste.
Hidrosan also holds shares in Chilean water utilities Aguas Chañar and Aguas Patagonia de Aysén.
Publication: Business News Americas - English News
Provider: Business News Americas
Date: March 10, 2008
3/10/08
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