Category: Water reuse
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Consolidated Water Q2 figures reflect Mexico project costs
Consolidated Water has reported net income of $2.2 million for the second quarter of 2016, flat year-on-year, on revenues that rose by 6 per cent to $15.4 million.
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Early stage German tech provider secures series A financing
German water technology provider Akvola has secured series A financing from a cabal of investors to support its next phase of growth through hiring new talent and driving sales.
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Energy Recovery’s strong Q2 performance reflects desalination demand
Energy Recovery has reported net income of $500,000 for the second quarter of 2016, up from a $3.3 million loss in the comparable period 2015, driven partly by "strengthening demand in global desalination markets."
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Utico Middle East seeks to expand desal capacity and market share in UAE
UAE company Utico Middle East is to invest $185 million to more than double its desalination capacity over two years, reports Reuters.
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Sembcorp reports net profit drop citing "difficult" market conditions
Sembcorp Industries has reported a fall in net profit of 47 per cent to S$193.5 million ($144.2 million) for the first half of 2016. The decrease partly reflects a gain of S$54.7 million ($40.8 million) on selling UK water business Bournemouth Water in the first half of 2015, as well as a "difficult" current market…
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Public utility markets support revenues at Xylem in Q2
Xylem has reported a fall in net income of five per cent to $71 million in the second quarter of 2016, reflecting debt refinancing costs and higher restructuring and realignment charges. Revenue was up one per cent to $932 million, helped by a robust public utility market globally, and particularly in the US.
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Spain’s Acciona reports strong water business figures for H1
Acciona group revenues fell by 16.3 per cent to E2,764 million ($3,086 million) in the first half of 2016, owing to a decrease in energy revenues and to a lesser extent construction revenues.
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Sinai development continues with plans for new desalination capacity
Egypt’s Ministry of International Co-operation and the Kuwait Fund for Arab Economic Development have signed a deal to build a new desalination plant in East Port Said.
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Wilson joins Water Planet in business development role
Water Planet has appointed Thomas Wilson as senior vice president of business development, to help drive the company’s growth strategy.
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WE&RF appoints chief to run multi-million dollar research portfolio
Jeff Mosher has joined the Water Environment & Reuse Foundation (WE&RF) as chief research and strategic planning officer to lead its integrated water research programme.
