STOCKHOLM--(BUSINESS WIRE)--Regulatory News:
Sweco: (STO:SWECA)(STO:SWECB)
”In recent years we have been very focused on developing new business in China. Last year we were also aided by the World Expo in Shanghai and the Swedish pavilion, which was designed by our architects. We are seeing tangible results of this now,” says Mark Ryberg, manager for Sweco Sweden’s Chinese operations.
Sweco has been active in China since 2001. The assignments have varied in scope, but the focus has consistently been on development of residential areas and cities. One of the largest projects Sweco is currently working on involves planning of the Caofeidian eco-city some 250 km southeast of Peking. When completed, the city will have close to one million residents.
There is a rapid population influx to China’s metropolitan areas and the environmental problems are severe in many places. In the shadow of the country’s many megacities, initiatives are being taken to develop urban environments in a more sustainable direction. Sweco works with the Sustainable City concept, which is a holistic approach aimed at reducing emissions from cities and residential areas.
Facts about the three new contracts:
Yinchuan eco-city - Near the city of Yinchuan on the Yellow River, Sweco has been chosen to prepare an initial plan for development of an area covering 20 square kilometres.
Wuxi Eco-city - Sweco has been given responsibility for detail planning of the property developer Vanke’s first residential area in the city of Wuxi, a major project in which several Swedish companies are involved.
Jixi Wetland project, Jinan – Concept and general plan for a new wetland park where business people, politicians and members of the public will be able to gather in the future to learn more about sustainability and environmental issues.
Sweco is an international consulting group with combined expertise in consulting engineering, environmental technology and architecture. Sweco has 5,400 employees in 11 countries and recorded annual sales of approximately SEK 5.3 billion in 2010. The company has projects currently underway in some 80 countries worldwide. Sweco is listed on NASDAQ OMX Stockholm AB.
The information contained herein may be subject to the disclosure requirements in the Swedish Securities Exchange and Clearing Operations Act and/or the Financial Instruments Trading Act.
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