Ovivo to be 'selective' about desalination projects

Releasing its fourth quarter financial results on 9 June 2011, Canadian water/pulp and paper group GLV Inc reported progress in its Ovivo water treatment group, formed when the company took over Christ Water Technology AG in 2009, but expressed reservations about its desalination operations.

The Ovivo group's backlog of orders was US$ 48 million down on the previous year "stemming from a significant decline in the desalination segment and to a lesser extent in the energy division, following a more selective approach to project bidding".

Looking forward the report stated: "Regarding the seawater desalination segment, exposed to market conditions resulting in irregular fluctuations in demand from quarter to quarter, management remains selective in the projects it pursues to curtail its risk exposure to turnkey projects."

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