Global engineering company JGC Corporation (JGC) of Japan and NewSpring Utility Pte Ltd, a wholly-owned subsidiary of Singapore-based membrane technology company Hyflux Ltd, today signed a joint venture agreement to jointly develop green field water projects in China.
The newly formed 50:50 joint venture company, to be called H.J. NewSpring Limited will be the investment holding vehicle for developing, investing and managing such water projects in China.
