The Chairman and Managing Director of Urbaser Environnement introduced the new shareholders of the Urbaser SA Group
Claude Saint-Joly, Chairman and Managing Director of Urbaser Environnement, somewhat solemnly addressed his teams this Friday, 27 January to introduce the new organisation of the Urbaser Group. The ACS Group sale of the Urbaser SA Group to a Chinese consortium, composed of the China Tianying Inc. Group (CNTY) and several Chinese state-backed investment funds, was indeed definitively formalised on 7 December 2016.
It was all Urbaser Environnement headquarters staff in Montpellier, including Group site and subsidiary Directors in France, and a few of their close associates, who attentively listened to Claude Saint-Joly’s explanations and actively participated in the exchange with numerous questions, which were exhaustively and precisely answered by Management.
Created in 1984, CNTY is a listed company with a current market capitalisation of 1.3 billion euro. With 1250 employees, its core activity is in the environment and energy fields, notably in the construction and operation of waste incineration facilities, power generation facilities, wastewater treatment facilities, industrial waste treatment facilities, and industrial equipment manufacturing.
Claude Saint-Joly presented the new shareholders, notably the powerful CNTY-backed investment funds, in particular the China Energy Conservation and Environmental Protection (CECEP) Group, but also outlined the synergy that will come of this union between CNTY and Urbaser, the strategy to achieve the defined objectives, and the organisation being put in place.
CNTY headquarters are located in Nantong, some 200 km north of Shanghai, on a 25 ha site with the new shareholder’s ultra modern offices and impressive equipment manufacturing workshops.
The Chinese group is furthermore very heavily involved in industrial research and development and currently holds more than 300 patents.
CNTY operates 7 of the most technologically advanced incineration plants with a total treatment capacity of 2 400 000 t/year, and is currently building 7 new household waste treatment and energy recovery plants. CNTY is the sole owner for the Asian market of the licence related to the incineration technology of the Belgian company Waterleau, technology used in most of its plants and for which it manufactures most of the equipment.