H2O Innovation sets up Indian joint venture

H2O Innovation Inc of Canada, which supplies water treatment plants, including ultrafiltration and reverse-osmosis systems, announced on 1 February 2010 a joint venture with Chembond Chemicals Limited of Mumbai, India, a leading manufacturer and supplier of specialty performance chemicals.

H2O Innovation India Limited will provide water treatment systems and maintenance services to the Indian industrial and commercial markets for the production of boiler feed and process water, for industrial wastewater reclamation and reuse, as well as for wastewater treatment. H2O Innovation India is also expected to increase the parent company's competitiveness on international projects and leverage its supply chain.

"India is our first operational base outside of North America. Creating this joint venture is a strategic complement to our growth strategy aimed at increasing our international sales and in particular our level of industrial and commercial sales," stated Frédéric Dugré, president and CEO of H2O Innovation Inc, who will be chairman of the new venture.

Dr Vinod Shah, chairman of Chembond, will be managing director.

For more information contact: Guillaume Ducharme, H2O Innovation Inc
Tel: +1 418-928-0234,
Email: guillaume.ducharme@h2oinnovation.com
or
Nirmal Shah, Chembond Chemicals Ltd
Tel: +91 22-6614-3000,
Email: nirmal.shah@chembondindia.com

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