{"id":10104,"date":"2019-08-30T15:13:01","date_gmt":"2019-08-30T15:13:01","guid":{"rendered":"https:\/\/www.hitachi.asia\/?p=10104"},"modified":"2022-11-11T14:45:53","modified_gmt":"2022-11-11T06:45:53","slug":"fdc-and-hitachi-signed-joint-venture-agreement-for-a-new-water-solution-company","status":"publish","type":"post","link":"https:\/\/hitachi83.hostwebsite.asia\/th_en\/fdc-and-hitachi-signed-joint-venture-agreement-for-a-new-water-solution-company\/","title":{"rendered":"FDC and Hitachi signed joint venture agreement for a new water solution company"},"content":{"rendered":"

Information contained in this news release is current as of the date of the press announcement, but may be subject to change without prior notice.<\/p>\n

FDC and Hitachi signed joint venture agreement for a new water solution company<\/a> (PDF Type, 216kByte)\"\"<\/p>\n

August 30, 2019<\/p>\n

FDC and Hitachi signed joint venture agreement for a new water solution company<\/strong><\/h6>\n
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Signing Ceremony<\/p><\/div>\n

Manila, August 30, 2019 <\/strong>\u2013 Gotianun family-led Filinvest Development Corporation (PHY:247771496,\u201cFDC\u201d) and Hitachi Aqua-Tech Engineering Pte. Ltd. (\u201cHitachi Aqua-Tech\u201d), a subsidiary of Hitachi, Ltd. (TSE:6501, \u201cHitachi\u201d) signed a joint venture agreement for a new water solution company to provide overall water solutions across\u3000the Republic of the Philippines.<\/p>\n

FDC first gained experience through its existing water subsidiary, Countrywide Water Services, Inc. (CWSI), which distributes water to the various Filinvest real estate projects. \u201cWith the technical expertise of the Hitachi group and the nationwide reach of Filinvest, we look forward to solidifying our participation in the Philippines water industry,\u201d said FDC President and CEO L. Josephine Gotianun-Yap.\u201cThis partnership also complements our other investments in power and infrastructure,\u201d added Mrs. Yap.<\/p>\n

Hitachi Aqua-Tech brings its over 40 years of experience in the water industry to the partnership. Its projects in desalination, sewage treatment, water recycling and water feature developments are located in the Asia Pacific regions, including countries in the Indian Ocean, Pacific islands, South America, Africa and the Middle East.<\/p>\n

Hitachi and Hitachi Aqua-Tech will contribute to solving issues faced by clients and the society through developing water infrastructures such as water, sewerage, and seawater desalination systems by combining their track record and know-how of Operational Technology (OT) and products that have been cultivated over the course of many years, with Information Technology (IT) for which Hitachi possesses abundant experience and knowledge in diverse fields.<\/p>\n

Hideshi Nakatsu, CEO, Water & Environment Business Unit of Hitachi, said \u201cWe are excited to join forces with the Filinvest group, share our expertise and provide much-needed water treatment solutions across the Philippines,\u201d. \u201cWe will continue to provide our water and sewerage solution that contribute to solving issues faced by clients and the society mainly for the Philippines and other Asian countries ,\u201d added Mr. Nakatsu.<\/p>\n<\/div>