Press releases

ZhongDe Waste Technology AG: Successful operation of Datong Project

Hamburg, February 12, 2010

 

Total revenues of approx. EUR 32 million

25% gross profit margin of first large-scale EPC Project

Treatment of 1,000 tons of municipal waste per day

 

ZhongDe Waste Technology AG [Ticker ZEF] announces that its first large size waste-to-energy project in Datong is operating smoothly and has already met specified standards during the first three months of operation. The project went into operation and was connected with the power grid for the sale of electricity in November 2009. Total revenues of Datong amount to approx. EUR 32 million (excluding tax) and will be completely recognized in financial year 2009. The gross profit margin of Datong EPC project amounts to approx. 25% (unaudited).

 

The Datong waste disposal and electricity generation project uses a circulatory fluidized bed waste incinerator supplemented with less than 20% coal. Three incineration lines with a daily treatment capacity of 500 tons each are installed, of which one line is for standby. The project treats an average of 1,000 tons of municipal waste per day with a maximum daily capacity of 1,500 tons and on the basis of 7,600 hours of equipment utilization per year. Total waste treatment volume of the entire plant is 316,600 tons per year. The annual maximum treatment capacity is 360,000 tons.

 

Zefeng Chen, founder and CEO of ZhongDe Waste Technology AG, comments: "We are very happy to announce the successful operation of the Datong waste-to-energy project. Datong is our first large-scale EPC project. The owner of the incineration plant with power generation is very satisfied with the operation results and the win-win cooperation with ZhongDe. The smooth operation of Datong project is a strategic milestone and will accelerate our stride in the large-scale waste-to-energy market."

 

 

About ZhongDe Group

ZhongDe Group designs, manufactures and installs pyrolytic, grate and rotary kiln waste incinerators for the disposal of solid municipal, industrial (including hazardous) and medical waste, as well as complete sets of incineration plants with electricity generation. Since 1996, ZhongDe Group has installed approximately 200 waste incinerators in about 13 provinces and more than 80 waste incinerators in the last three financial years alone. Its waste incinerators are principally constructed for small and midsized Chinese cities in developed areas of the People's Republic of China, as well as for operators of medical disposal centres in the hospital and healthcare industry. ZhongDe Group is one of the leading suppliers of state-of-the-art solid waste incinerators in China. ZhongDe Group also acts as one of the leading players of large-size Waste-to-Energy industry in China.

 

 

Contact

William Jiuhua Wang

Executive Director & CFO
ZhongDe Waste Technology AG
Tel: +86 (10) 885 98 010
E-Mail: william.jw@zhongdetech.com

 

Li Zhong (Linda)
Investor Relations Manager
Stadthausbrücke 1-3
20355 Hamburg
Tel: +49 40 37644 756
Fax: +49 40 37644 500
E-Mail: li.zhong@zhongde-ag.de

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31 August 2011

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31 May 2011

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20 May 2011

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30 December 2010
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30 April 2010
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12 February 2010
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30 December 2009
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30 December 2009
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3 August 2009
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30 July 2009
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20 July 2009
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10 June 2009
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29 May 2009
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30 April 2009
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20 April 2009
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6 April 2009
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23 January 2009
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29 December 2008
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10 November 2008
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30 September 2008
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29 August 2008
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30 June 2008
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16 June 2008
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30 May 2008
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29 April 2008
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7 April 2008
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18 March 2008
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11 March 2008
ZhongDe Waste Technology AG signs contract for large scale waste incinerator plant
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28 November 2007
ZhongDe Waste Technology AG continues to grow in Q3 2007
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19 September 2007
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28 August 2007
ZhongDe Waste Technology AG presents strong performance in H1 2007
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9 August 2007
ZhongDe Waste Technology AG announces signing of two BOT projects
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12 July 2007
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5 July 2007
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28 June 2007
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25 June 2007
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