• Dynamic Year Closed with Strong Financial Results

Dynamic Year Closed with Strong Financial Results

May 30 2012 Read 984 Times

Water technology company Paques (Netherlands) has ended 2011 positively. The revenue increased by more than 30% to € 58,6 million, while the net profit strongly increased to 7 million euro.

These figures are the consolidated result of the operational activities of Paques in Balk (the Netherlands), Shanghai (China) and Piracicaba (Brasil). The Dutch operation benefited in 2011 of improved market conditions in strong economic areas since the last quarter of 2010. Paques performed well in established markets like food & beverages, paper & pulp and the chemical industry. Paques was also successful in emerging industries like the bio-energy market, for example the production of 2nd generation bio-ethanol. Furthermore, in 2011 Paques was successful with the further roll out of innovative technologies like the BIOPAQ AFR (an anaerobic reactor developed for treatment of high fat containing waste waters) and the ANAMMOX (for sustainable and cost effective nitrogen removal). Especially the sales of the ANAMMOX technology accelerated in 2011.

2011 was for Paques in several respects dynamic. Shell and Paques Holding BV agreed upon the formation of a 50-50 joint venture, Paqell, to focus their efforts on the marketing of biological desulphurisation in the oil & gas sector for high pressure applications using THIOPAQ O&G (oil & gas) technology. Furthermore, a local subsidiary in Brasil was started. By the end of last year SKion GmbH, the investment firm of German entrepreneur Susanne Klatten (BMW, ALTANA, SGL) acquired a share of 20% in Paques.

“The need for technologies that provide solutions for growing water scarcity and the growing demand for green energy and resources is expected to increase. With our mission statement Revitalising Resources, we anticipate on these challenges. Therefore, we see the future with confidence. Our sound financial position helps us to exploit the opportunities in the market whereby we will continue to invest in innovation and market development” said Rob Heim, CEO Paques Holding BV.


Reader comments

Do you like or dislike what you have read? Why not post a comment to tell others / the manufacturer and our Editor what you think. To leave comments please complete the form below. Providing the content is approved, your comment will be on screen in less than 24 hours. Leaving comments on product information and articles can assist with future editorial and article content. Post questions, thoughts or simply whether you like the content.

Post a Comment


FlowExpo 2020 - NEW DATES

Aug 08 2020 Guangzhou, China


Aug 11 2020 Moscow, Russia

IE Expo China 2020 - NEW DATES

Aug 13 2020 Shanghai, China

The Water Show Africa 2020 - NEW DATES

Aug 20 2020 Johannesburg, South Africa

Aquatech China 2020

Aug 25 2020 Shanghai, China

View all events