CDT Environmental Technology Investment Holdings Limited Announces Strategic Cooperation Agreement with Subsidiary of Chinese State-Owned Construction Group

Core Insights - CDT Environmental Technology Investment Holdings Limited has signed a strategic cooperation agreement with a subsidiary of a major state-owned construction group in China, which ranks among the top 40 contractors globally according to ENR's 2023 list [1][2]. Company Overview - CDT is a leading provider of waste treatment systems and services in China, recently listed on the Nasdaq Capital Market, and has completed over 150 plants across the country [4][10]. - The company's mission focuses on helping customers achieve critical infrastructure objectives while promoting technological environmental protection [4][10]. Strategic Cooperation Details - The agreement involves planning and building infrastructure projects in Fuzhou New Area, including water and sewage treatment, roads, and pipelines, with an estimated total value exceeding RMB 3 billion, of which approximately RMB 1 billion is expected to net to CDT [2][8]. - This cooperation is projected to increase CDT's revenue by more than 50% over the next 3-5 years [2]. Market Position and Future Opportunities - The Fuzhou New Area is a significant strategic market for CDT, expected to enhance the company's competitive positioning in East China and expand its market share [9]. - The collaboration aims to leverage the strengths of both parties, improving project competitiveness and operational efficiency [8].