SOURCE: Envac

November 14, 2005 10:21 ET

Envac Korea Is Awarded Gwang Myung Project Totalling EUR 10 Million

STOCKHOLM, SWEDEN -- (MARKET WIRE) -- November 14, 2005 -- The 10MEUR-worth project awarded by the 4 Reconstruction Unions to Envac Korea is intended for installation of an underground waste transport system in a new residential area in the city of Gwang Myung, in the Seoul region. The system will handle the waste from 7399 apartments, equalling 13 tons per day. The project is to commence immediately and will be completed December 31st, 2009. On completion, the residents will have access to a 2 fraction (food waste & rest) Envac underground waste transport system.

"This is a key order for our Asian region and for Envac as a whole," says Christer Öjdemark, President & CEO of Envac. "We expect the Korean market to develop very favourably in the next few years," adds Christer Öjdemark.

Group description 2005

Envac Centralsug AB is a Swedish corporation with over 40 years of experience in automated waste collection. The underground waste collection system is based on vacuum technology and is installed in residential areas, business premises, town centres, industrial kitchens, hospitals and airports in more than thirty countries. Every day the Envac system serves 400,000 homes and 32,000 hospitals patients and collects food waste from 1.000,000 flight meals world wide. The Group has 30 offices in 16 countries throughout Europe and Asia. The total turnover in 2004 was 70 MEUR. Envac Centralsug AB is fully owned by Stena Adactum, a company in the Stena-sphere. For more information, visit www.envac.net.

Press release including pictures can be downloaded by using the following link: http://media.marketwire.com/attachments/200511/232217_EnvacKoreaisawardedGwangMyungProject.pdf

Contact Information

  • For further information, please contact:

    Jonas Törnblom
    Director of Corporate Marketing & Information
    Envac Centralsug AB
    Email Contact
    tel: +46 8 775 32 00
    mob. +46 70 246 18 44