Econet Group, which specializes in water business, aims to grow strongly in China. Dewaco, which is part of Econet Group, intends to double its turnover in Chinese markets. The doubling is pursued with a change of strategy. Last year, Laitila-based Dewaco’s turnover in China was one million euros. Econet’s project pursues, too, China’s markets with remotely readable water meter.
Dewaco changed its strategy in China at the turn of the year. The change is part of the company’s goal to increase its turnover to 10 million euros this year. Dewaco closed its Beijing-based office in March, and now the activity is based on using local agents.
- The new strategy works well, and in February we got a project to Wenzhou, and it is worth of approximately 1,5 million euros. We will deliver chain scrapers, which are used in wastewater treatment, in the summer, tells Dewaco’s plant manager Jari Virtanen.
Econet’s remotely readable water meter was chosen to participate to China’s Maritime Silk Road Expo, which is arranged on this week. The water meter is Econet’s project, in which the remotely readable water meter has been developed. Remote reading gives access to real-time information about water consumption, pressure, and quality.
- Only 20 of the applicants were chosen to be exhibitors at the expo. The main objective of the expo is in smart industries and building. Our goal is to find new partners and gain better foothold in Chinese markets, tells Econet’s development director Antti Herlevi.
China Maritime Silk Road Expo is hosted by China International Chamber of Commerce, China International Trade Promotion Council, Quanzhou Municipal Government, and GGDC.
- China’s market is large, thus, challenging. At the same time it gives possibility to succeed with good know-how, quality products, and good partners, says the manager of China’s strategy of Econet Veijo Hassinen.
Further information for the media:
Jari Virtanen, Dewaco Ltd, tel. +358 (0)50 348 1338, jari.virtanen(at)dewaco.fi
Antti Herlevi, Econet Ltd, tel. +358 (0)40 565 9635, antti.herlevi(a)econetgroup.fi
Econet Group is a water and environment technology service company. The Group includes Econet Ltd, Dewaco Ltd and Oy Slamex Ab. Helsinki-based Econet designs and offers solutions for clean water and environment globally. Laitila-based Dewaco, in turn, is specialised in sludge thickening, dewatering and sludge removal. Lahti-based Slamex designs and manufactures equipment for treatment of water and wastewater. The Group’s turnover amounts to about EUR 22 million.