Israeli-Chinese joint venture to offer high-quality water

By JPOST.COM STAFF
October 17, 2010 15:47




Israeli food and beverage company Strauss Group announced Sunday that it signed an agreement with Chinese home electronics firm Haier to establish a joint potable water venture in China, reported Reuters.

The joint company, Haier Strauss Water, will be co-owned by Strauss and Haier and each will make an initial investment of $10 million in the venture, according to a Strauss statement cited by Reuters.

The Israeli company said it plans to supply high-quality drinking water in China in 2011.

Strauss President and CEO Gadi Lesin was quoted as saying, "This partnership will leverage the combined know-how, capabilities and expertise of Strauss Water in developing water treatment and purification solutions, and the leadership position and reliability of Haier in marketing, distribution and service in China."


Related Content

Breaking news
January 24, 2018
Blast reported near Save the Children aid group office in Afghanistan

By REUTERS

Israel Weather
  • 9 - 17
    Beer Sheva
    12 - 16
    Tel Aviv - Yafo
  • 6 - 12
    Jerusalem
    9 - 14
    Haifa
  • 11 - 22
    Elat
    12 - 16
    Tiberias