Home
News
In Focus
Business
Metro
Nation
World
Sports
Feature
Opinion
View more »Opinion Columns
Wan LixinOpinion deputy editor of Shanghai Daily
Restaurants get off to a quick start thanks to game-changing policies
High service charges on event ticket refunds call for further regulation
Sunday
- Subscribe
Related News
Nalco eyes doubling of sales in China
By Fu Chenghao |
May 5, 2009, Tuesday
|
Print Edition
Print Edition
NALCO Holding Co, which makes chemicals for water treatment, aims to double China sales in five years as it takes advantage of the government's promotion of sustainable growth.
The United States company, which was the only firm added to billionaire investor Warren Buffett's stock portfolio in the fourth quarter last year, views China the "top priority" for growth and new investment, Chairman and CEO Erik Fyrwald said yesterday.
Nalco last year matched its largest sales growth in a decade, expanding 7.8 percent to US$4.21 billion. China sales were about US$150 million.
"We aim to double our China sales within five years and expect China to grow from our fourth-largest to the second-largest market within five years or less," Fyrwald said, adding the country would eventually become Nalco's biggest market. "The only limitation I've ever seen to China's fast growth are the challenges from environment, water and energy."
Nalco provides integrated water treatment and process improvement services, chemicals and equipment programs to a range of end markets including petroleum, steel, paper as well as food and beverage. For example, Nalco provides coal-fired power production technology that helps reduce harmful emissions.
Nalco announced yesterday that it has appointed Ying Yeh, the former chairman and president for North Asia for Eastman Kodak Co, as its group vice president and chairman for Nalco China.
Nalco plans to double its headcount in China over several years from more than 500 at the end of 2008.
The United States company, which was the only firm added to billionaire investor Warren Buffett's stock portfolio in the fourth quarter last year, views China the "top priority" for growth and new investment, Chairman and CEO Erik Fyrwald said yesterday.
Nalco last year matched its largest sales growth in a decade, expanding 7.8 percent to US$4.21 billion. China sales were about US$150 million.
"We aim to double our China sales within five years and expect China to grow from our fourth-largest to the second-largest market within five years or less," Fyrwald said, adding the country would eventually become Nalco's biggest market. "The only limitation I've ever seen to China's fast growth are the challenges from environment, water and energy."
Nalco provides integrated water treatment and process improvement services, chemicals and equipment programs to a range of end markets including petroleum, steel, paper as well as food and beverage. For example, Nalco provides coal-fired power production technology that helps reduce harmful emissions.
Nalco announced yesterday that it has appointed Ying Yeh, the former chairman and president for North Asia for Eastman Kodak Co, as its group vice president and chairman for Nalco China.
Nalco plans to double its headcount in China over several years from more than 500 at the end of 2008.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
