Home> Latest News
Hutchison Water invests in Israel
Updated: 2012-11-14 11:20 (China Daily)
Hutchison Water, a unit of Hong Kong-based Hutchison Whampoa Ltd, bought an Israeli incubator known as Kinrot Venture and plans to invest 100 million shekels ($25 million) in it during the next eight years.
Kinrot, founded in 1993 as part of the government's push to encourage innovation, holds more than 10 companies focused in water and clean-technology development. Hutchison bought the company through an Israeli unit from Aqua Agro Fund LP, which owned the incubator since 2010, according to an e-mailed statement.
Israel has several companies in the water industry, since the country has limited natural water resources and has seen municipal water demands rise three-fold since 1970.
Bloomberg - Reuters
- BYD exports three electric cars to Thailand
- Grid gets first jolt of residential solar power
- US now largest buyer of China's exports
- China's outbound M&As on the rise
- Tobacco control may entail price, tax rises
- Quanzhou becomes pilot financial reform zone
- New automobiles shine at Geneva Motor Show
- World's longest high-speed rail 'on track'
- Jiugui Liquor involved in plasticizer scandal again
- Accident reignites school bus safety concerns
- China to revise labor law
- Trademark registration under scrutiny
- Dinner ban takes toll on liquor firms
- CIC tables bid for London's Chiswick Park
- Property buyers eye overseas market
- Call for law to protect personal information
- China to cut train ticket prices
- Christmas business
- Solar industry to get jolt from new policies
- KFC chicken under spotlight
Survey & Comments
