H2O Innovation: PWT Shows 95% Growth From Last Year in MEA Region
June 11 2020 - 8:00AM
H2O Innovation Inc. (“H2O Innovation” or the “Corporation”) is
proud to announce its independent subsidiary, PWTTM, a leading
provider in specialty chemicals for membrane filtration,
experienced 95% sales growth in the Middle East & Africa
(“MEA”) and strengthened its presence in the region by appointing
more than 10 new distributors over the last year.
PWT was recently awarded the supply of
antiscalants for the Djerba 11.3 MGD (43,000 m3/d) seawater reverse
osmosis plant in Tunisia through its Spanish distributor. In Saudi
Arabia, one of the largest global desalination markets, PWT’s
distributor successfully introduced 6 specialty chemicals products,
secured contracts for the supply of more than 150 tons of chemicals
and started the local dilution of the super concentrated products.
Finally, in Libya, PWT’s local partner started the local
dilution of the 11x super concentrated antiscalant and is now
working with system integrators as well as municipal and industrial
end users to maximize the operating efficiency, economy and
longevity of their water treatment plants.
“By taking advantage of PWT super concentrated
products, our global distributors can reduce sea freight (by almost
90%) and inland transportation costs, and are most importantly able
to maintain a safety stock and an adequate level of inventory to
suit local market demand and fast delivery requests. PWT products
proved to be game changers in a time of crisis and uncertainty, one
example is with COVID-19 that has put a lot of pressure on supply
chains across multiple sectors. The benefits of handling super
concentrated products becomes more apparent when transportation is
not only expensive but also scarce, and space on freight vessels is
limited”, stated Mazen Ellabban, Commercial Manager –
Specialty Chemicals of PWT. PWT’s line of environmentally
friendly and phosphate free products provides a wide range of
possibilities in new chemistry and sustainability. With a
commitment to innovation, PWT develops highly effective chemicals
solutions as alternatives to traditional formulations.
“The PWT team has worked hard over the past few
years to diversify its growth strategy, and to tap into other
markets beyond North America and China. We can definitely say that
their efforts are paying off today and that the addition of
Genesys’ products and distributors will accentuate the momentum of
our chemical business line”, added Frédéric Dugré,
President and CEO of H2O Innovation.
About
H2O Innovation H2O Innovation designs and
provides state-of-the-art, custom-built and integrated water
treatment solutions based on membrane filtration technology for
municipal, industrial, energy and natural resources end-users. The
Corporation’s activities rely on three pillars which are i) water
& wastewater projects, and aftermarket services; ii) specialty
products, including a complete line of specialty chemicals,
consumables and specialized products for the water treatment
industry; and iii) operation and maintenance services for water and
wastewater treatment systems. For more information, visit
www.h2oinnovation.com.
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) nor the NYSE Euronext Growth Paris accepts
responsibility for the adequacy or accuracy of this release.
Source: H2O Innovation
Inc. www.h2oinnovation.com
Contact: Marc
Blanchet+1 418-688-0170 marc.blanchet@h2oinnovation.com
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