ItN Nanovation has received order from Veolia group for water filtration in Saudi Arabia

Friday 22. August 2014

  • Project volume for ItN Nanovation is about 1.3 million Euro
  • Veolia Water VWS Saudi Industries is project partner and ordering party
  • Order will supposedly be effective as turnover in 2014 and 2015

Saarbruecken – August 22nd, 2014. ItN Nanovation AG (ISIN DE000A0JL461) has received another binding big order from Saudi Arabia. Veolia Water VWS Saudi Industries Ltd. has ordered the delivery of ceramic flat sheet membranes and accessories for a water treatment plant near to the capital Riyadh. In addition, ItN is in charge for the design of the heavy-metal adsorption process of the plant. ItN’s total turnover in the project translates to approximately 1.3 million Euro, which will be effective as turnover in 2014 and 2015.

The plant is to produce more than 25,000 cubic meters of drinking water per day from deep ground water, once it has been taken into operation in 2015. The entire project will be managed by the Saudi Arabian Al Manar Arabian Corporation; Veolia will be responsible for the technical construction work of the project.

Beside the significant contribution to turnover, the project is important for ItN Nanovation since it exemplifies the increasing market acceptance of ItN’s filtration solutions. In addition, it is the first cooperation with Veolia, the world market leader for environmental services, one of which is the water segment.