| Mumbai, February 21, 2008: Veolia Water Solutions & Technologies, a global leader in water treatment business with a turnover of around 2.1 billion Euros today announced a joint venture (JV) with Ahmedabad based Doshion Limited, a leading Indian water management company. With a 70:30 equity partnership between Doshion & Veolia to begin with, the new venture Doshion Veolia Water Solutions will cater to India and some countries of South East Asian markets. The new company will focus on providing all applications of water treatment pertaining to industrial, municipal and other water need in the region. |
| Veolia Water Solutions & Technologies has operations in more than 55 countries and employs more than 7500 employees worldwide. The company has more than 100 years of experience and expertise in water treatment business. Doshion Limited is the Indian leader in the category and employs more than 1300 people in the country. The company has water treatment plants installed in more than 40 countries for various industrial and government bodies. |
| The first of its kind joint-venture announcement in the Indian water management business creates unique combination of innovative & globally patented technologies, international experience & expertise, local capabilities and global capacities. With the Indian water management industry growing at a steady rate of close to 20% plus, Doshion Veolia is looking forward to play a vital role in addressing ever growing water treatment needs. |
| Doshion Veolia Water Solutions will offer solutions for Industries for their pure & wastewater treatment and sludge disposal requirements and to Municipalities for their drinking water, waste water and sludge management requirements. |
| Announcing the joint venture, Mr. Ashit Doshi, Managing Director, Doshion Limited said, "Veolia is a perfect partner for us. It is known for use of innovative technologies, unique project management expertise and global experience in the water management business. With this joint venture we plan to bring in newer technologies and bigger project management capabilities in the Indian subcontinent. This will bring immense benefits to our customers who are always looking for global quality standards & unique solution of multiple innovative technologies from single source." |
| Mr. Jean-Michel Herrewyn, Executive Vice President & CEO, Veolia Water Solutions & Technologies added, "There is a huge potential and great demand of water and waste water treatment & recycling in Indian subcontinent. Joining hands with Doshion was the obvious choice as they are the category leaders in the market and will be able to offer various market insights & project management capabilities. We are looking at India as a next big growth market for our water treatment business globally. Our technology and Doshion's manufacturing capabilities create unbeatable combination of cost & quality which brings lot of value to our customers." |
| Doshion Veolia Water solution" is convinced of the opportunities available in the Indian market. The growing infrastructure segment, especially cluster development of SEZs, Power Plants, ports & airports, technology parks, integrated townships and entire spectrum of industries offers huge potential for water management business. The company is also looking at large projects like municipal water supply and waste water & sludge management, which offers excellent opportunities to replicate the international success of Veolia in the Indian market. |
| About Doshion Limited |
| The Ahmedabad based Rs. 300 crore water management company employs more than 1300 people and is known for its innovative ideas and ensuring highest customer satisfaction standards in the industry. With its various speciality divisions, Doshion serve all type of water needs for various industries such as Power, Chemicals, Processing, Microelectronics, Pharmaceuticals, Biotech, Food & Beverages and water supply & waste water management projects for civic bodies like Panchayats and Municipalities. |
| About Veolia Water Solutions & Technologies: |
| Veolia Water Solutions & Technologies is part of the Veolia Water. The company is global leader in water treatment, with turnover of around 2.1 billion Euros, having 120 subsidiaries / business units in 55 countries, employing 7500 employees worldwide and having more than 100 years of rich expertise in: |
| a. Designing & Building of water and waste water treatment plants for municipal communities and industry |
| b. Technological solutions |
| c. Associated services. |
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