JV eyes nation's waste treatment market

Suez Environnement SA, which is considered Europe's second-biggest water company, inked a joint venture deal on Thursday with a Chinese partner to gear up for expansion in China's robust waste-treatment market.

The Paris-based water and waste solution provider and Beijing Enterprise Environmental Group Ltd, a subsidiary of the Hong Kong-listed Beijing Enterprises Holdings, are to work together on the operation and management of waste facilities.

Officials said the partnership, created through SITA Waste Service, a subsidiary of Suez Environnement, will offer services to the existing waste treatment facilities of Beijing Enterprise as well as new projects.