Darco Water Technologies Ltd.: S$8.4 million soil remediation project

  • Prior experience in soil remediation helped the Group clinch this sizable project amid international competition
  • Project to positively impact FY2008 and FY2009’s performance
  • Favourable Government regulation in Taiwan set to open up more opportunities for complex soil treatment solutions

Singapore – Mainboard-listed Darco Water Technologies Limited (the "Company" or ”Darco” or the “Group”) is pleased to announce that its subsidiary in Taiwan has recently secured a S$8.4 million soil remediation project slated for delivery in FY2008 and FY2009.

The Group credited its contract win to its prior experience in providing highly complex soil treatment solutions, where it successfully treated a pesticide-contaminated soil site for RSEA Engineering Corp two years ago.

This current project, awarded by BES Engineering Corporation Taiwan Ltd., is tasked to treat a mercury-contaminated site in Miaoli County, Taiwan.

“I believe this contract is a recognition of our ability to provide highly-complex soil treatment solutions. Our established presence in the Taiwanese industrial sector has seen us come ahead of international competitors with a longer history in soil remediation.
Going forward we hope to bank on our strong reputation to help customers treat varying contaminants such as petroleum, heavy metal and pesticide as well.” - Thye Kim Meng, Group CEO, Darco Water Media Release For Immediate Release

Market Opportunities in Soil Remediation in Taiwan
Darco has been experiencing a sharp increase in demand for its soil treatment expertise, as soil contamination becomes a growing concern in many parts of the industrial world including Taiwan.

The Group explained that rules and regulations now imposed by the Taiwanese government require companies to eliminate any waste materials before vacating, opening up more opportunities for soil remediation exercises. Till date, the Group has identified more than 1,000 sites that require soil remediation exercises.

Darco provides a full range of environmental engineering systems that includes engineered water systems, solid wastewater systems, wastewater treatment systems, soil remediation and air-management.

About Darco Water Technologies Limited
Listed on SGX in 2002, Darco is a provider of integrated engineering and knowledge-based water treatment solutions. Established in 199 to design, fabricate, assemble, install, commission and service engineered water systems for industrial use in Singapore and Malaysia, Darco has developed systems and services based on both membrane and ion exchange technologies. Within a span of three years, Darco has formulated over 200 engineered water system solutions.

The Group, which has operations in Singapore, Malaysia, the PRC, Taiwan, Philippines and Indonesia, serves companies across diverse industries – electronics, semiconductor, textile, food and beverage, printed circuit board and pharmaceuticals and municipal water and wastewater projects.

For more information, please refer to www.darcowater.com

About BES Engineering
BES Engineering is a consulting firm that specializes in mechanical, electrical and plumbing design for residential, commercial, industrial and institutional projects.

Issued for and on behalf of Darco Water Technologies Ltd.
By Financial PR Pte Ltd
For more information please contact:
Mark LEE, marklee@financialpr.com.sg
Kamal SAMUEL, kamal@financialpr.com.sg
Tel: (65) 6438 2990
Fax: (65) 6438 0064

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