Remondis Group of Germany, Beijing Capital Group Co., Ltd. signed Letter of Interest with Huai'an Industrial Park on December 10th. Sino-German Ecological Industrial Park, which is a renewable resources utilization project, settled in Huai'an officially. The initial investment of the project is 35 million US dollars. Yao Xiaodong, Secretary of Municipal Party Committee, met with Juergen Feiler, President of Remondis China, Xu Jianjun, Deputy General Manager of Capital Environment Holdings Limited and others. Chen Tao, member of the Standing Committee and Minister of Municipal Propaganda Department, also attended the meeting.
REMONDIS is one of the world's largest recycling, service and water companies, with more than 500 subordinate companies. It has the world's leading advanced technologies and patents in electricity waste processing, water processing, precious metal recycling and so on. In 2013, its total sales reached 12 billion EUR. The core business of Beijing Capital Group Co., Ltd. involves in four fields: water services and environmental protection, infrastructure, real estate, and financial services. It has been recognized as one of China’s top 500 enterprises for many consecutive years. With the investors' advanced management, operation experience and capital as well as Huai'an City's advantages in resources and policies, Sino-German Ecological Industrial Park Project is aimed to improve Huai'an City's industrial capacity and utilization of renewable resources, and eventually realize resource regeneration and environmental protection.