Core Viewpoint - Suez Group has decided to retain and increase its investment in the Chinese market, despite previous rumors of selling its water assets in China valued at approximately $2 billion [2][3]. Group 1: Company Strategy - Suez Group's Asia Senior Vice President, Sun Minghua, confirmed that the company will focus on enhancing its technological research and development in the industrial sector as part of its strategic transformation in China [2][4]. - The new CEO, Xavier Girre, emphasized Suez's commitment to the Chinese market during a recent visit to China, where he participated in the China-France Entrepreneurs Committee meeting and signed new cooperation agreements with partners in Jiangsu and Shandong provinces [2][3]. Group 2: Market Context - Suez has been operating in China since 1975 and has established a presence in over 30 major cities and regions [3]. - The company has undergone restructuring in recent years, including divesting some solid waste assets while retaining its core water assets [4]. Group 3: Industry Challenges - The environmental industry in China has faced difficulties in recent years, with the average revenue of the top 50 environmental companies declining by 3.91% year-on-year to 7.536 billion yuan [6]. - Only 24 out of the top 50 companies reported revenue growth, indicating a challenging market environment [6]. Group 4: Future Development Directions - Suez aims to explore new development directions in the industrial sector, focusing on project management and resource recovery [7]. - Recent collaborations in Shandong and Jiangsu align with this strategy, including a strategic cooperation memorandum with Shandong Public Utilities and a new industrial water plant project in Jiangsu with an investment of approximately 440 million yuan [7].
尘埃落定!苏伊士最新发声“还是要留在中国”,将加大工业领域技术研发
Hua Xia Shi Bao·2025-12-17 04:25