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Sembcorp Signs Agreements to Explore Businesses in China's Shandong Province

April 13, 2011

Sembcorp is pleased to announce that its wholly-owned subsidiaries, Sembcorp Utilities and Sembcorp Industrial Parks, have signed agreements with Jinan Quancheng Water and Rizhao Municipal People’s Government respectively during the Singapore-Shandong Business Council Meeting Signing Ceremony held at Shangri-La Hotel today.

Sembcorp Utilities signed a Letter of Intent (LOI) with Jinan Quancheng Water to explore the formation of a joint venture to build, own and operate water treatment plants in the east of Jinan City, Shandong province of China. Sembcorp, which currently has water operations in 12 cities across nine provinces in China, is expected to hold a 50% stake in the proposed joint venture. Jinan Quancheng Water, which is 100 % owned by the Jinan City Public Utilities Board, will hold the other 50% stake. In addition, a Memorandum of Understanding (MOU) was signed between Sembcorp Industrial Parks and the Rizhao Municipal People’s Government to explore the feasibility of a 638-hectare international marine city in China’s Shandong Province. The proposed development will comprise a coastal-urban area zoned for commercial and residential purposes, as well as industrial and logistics zones with a focus on marine-related industries.

The LOI with Jinan Quancheng Water was signed by Alan Yau, Chief Executive Officer of Sembcorp China and Shi De Mao, Deputy General Manager of Jinan Quancheng Water. The MOU with Rizhao Municipal People’s Government was signed by Ms Low Sin Leng, Executive Chairman of Sembcorp Industrial Parks and Hou Chengjun, Executive Vice Mayor of the Rizhao Municipal People’s Government. Also present to witness the signings were Cai Limin, Shandong’s vice governor and China co-chairman of the business council and Lee Yi Shyan, Singapore Minister of State, Ministry of Trade and Industry & Ministry of Manpower and Singapore co-chairman of the business council.

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For analysts’ and media queries please contact:

Ng Lay San (Ms)
Vice President
Group Corporate Relations
DID: +65 6723 3150
Email: [email protected]

Mary Ann Chan (Ms)
Senior Manager
Corporate Relations
Sembcorp Parks Management
Tel: +65 9862 8363
Email: [email protected]

Jody Phang (Ms)
Group Corporate Relations
DID: +65 6723 3180
Email: [email protected] 

Sembcorp Industries is a leading energy, water and marine group operating across six continents worldwide. With facilities with 5,600 megawatts of gross power capacity and over six million cubic metres of water per day in operation and under development, Sembcorp is a trusted provider of essential energy and water solutions to both industrial and municipal customers. It is also a world leader in marine and offshore engineering, as well as an established developer of integrated townships and industrial parks.

The Group has total assets of over S$10 billion and employs over 9,000 employees. Listed on the main board of the Singapore Exchange, it is a component stock of the Straits Times Index and several MSCI indices.

Note to Editors: 
Following a company rebrand, please refer to the company as “Sembcorp” (with “S” in upper case and “c” in lower case), or “Sembcorp Industries” in full. Please also note that “Sembcorp” is not an abbreviation of “Sembawang Corporation” but a brand name in itself, and it is therefore incorrect to refer to our company as “Sembawang”, “Sembawang Corporation” or similar.