Home / Business / Chemical Tools: Save | Print | E-mail | Most Read | Comment
Nalco eyes doubling of sales in China
Adjust font size:

Nalco Holding Co, which makes chemicals for water treatment, aims to double China sales in five years as it takes advantage of the government's promotion of sustainable growth.

The United States company, which was the only firm added to billionaire investor Warren Buffett's stock portfolio in the fourth quarter last year, views China the "top priority" for growth and new investment, Chairman and CEO Erik Fyrwald said yesterday.

Nalco last year matched its largest sales growth in a decade, expanding 7.8 percent to US$4.21 billion. China sales were about US$150 million.

"We aim to double our China sales within five years and expect China to grow from our fourth-largest to the second-largest market within five years or less," Fyrwald said, adding the country would eventually become Nalco's biggest market. "The only limitation I've ever seen to China's fast growth are the challenges from environment, water and energy."

Nalco provides integrated water treatment and process improvement services, chemicals and equipment programs to a range of end markets including petroleum, steel, paper as well as food and beverage. For example, Nalco provides coal-fired power production technology that helps reduce harmful emissions.

Nalco announced yesterday that it has appointed Ying Yeh, the former chairman and president for North Asia for Eastman Kodak Co, as its group vice president and chairman for Nalco China.

Nalco plans to double its headcount in China over several years from more than 500 at the end of 2008.

(Shanghai Daily May 5, 2009)

Tools: Save | Print | E-mail | Most Read Bookmark and Share
Pet Name
China Archives
Related >>
- Israel praised as world leader in water treatment
- ChemChina makes headway in waste water treatment
- IFC to aid China's water treatment industry
- New Water Treatment System for Olympics
- Water Treatment Firm to Raise Investment in China

Apr. 11-12, Beijing The Fifth (2008) 'Gold Prize of Round table'of Chinese Boards of Listed Company
Apr. 17-19, Hainan The Boao Forum for Asia Annual Conference 20
Apr. 20-23, Beijing Green Transformation: Forcast New Business Culture
Apr. 27-28, Beijing China Institute Executive Summit

- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- What does the China-Pakistan Free Trade Agreement cover?
- How to Set up a Foreign Capital Enterprise in China?
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?