Portugal’s Somague wants Chinese partner for Environment sector

9 January 2007

Lisbon, Portugal, 9 Jan – Portuguese construction company Somague, of Spanish group Sacyr Vallehermoso, wants to make use of the Portuguese prime minister’s visit to China to make contacts with potential Chinese partners, namely for the environment sector, a company executive said.

Nuno Ribeiro da Silva, a director of Somague Ambiente, told Portuguese news agency Lusa, after a meeting between business owners and the government, that the focus on the Chinese market “is not in classic construction.” For which the company is lacking in size, but in areas in which it “has specific know how,” working with local partners.

Somague, which operates in Macau in waste, water and airport management is interested in a presence on the Chinese mainland particularly by competing for ‘the management of some specific infrastructures,” such as stadiums, at a time when China is preparing for the Olympic Games in 2008.

Another opportunity which Somague is looking at in China is the environment, at a time when in the Asian giant “the effects of rapid industrialization area appearing,” in terms of pollution, he said.

“The Chinese government wants to develop projects in the area of the environment, and this is an opportunity to make use of our know how in these areas,” he told Lusa.

According to Ribeiro da Silva, Somague “will need partners” and “they have to be from China,” due to the specific knowledge that dealing with this market requires. (macauhub)