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- Mitsui & Co., Ltd.
Corporate Communications Division
Atlatec, S.A. de C.V. ("Atlatec") (*1), a leading water/wastewater treatment engineering and construction company located in Mexico, which is a consolidated subsidiary of Mitsui & Co., Ltd. ("Mitsui") (Head Office: Tokyo, Japan; CEO: Shoei Utsuda), has concluded the West Water Treatment Service Agreement ("Agreement") with the Water Commission of the State of Jalisco ("CEA") based on the type of 20-year BOT (Build, Operate and Transfer) of wastewater treatment plant in Guadalajara city, together with the investment firm in Mexico (*2) wholly owned by Mitsui USA. Atlatec and this investment firm establish and operate the Project Company for this project, and Atlatec undertakes the engineering, construction, operation and maintenance of its wastewater treatment plant. Accordingly each service in each stage from project development to business operation for this project is all covered by the group of Mitsui & Co., Ltd. In addition, this is the first successful bid to Atlatec since the acquisition by Mitsui and Toyo.
Guadalajara city, with more than 3.6 million people including its peripheral city, is the second largest city of Mexico. Recently it is facing serious environmental problems due to the contamination of untreated water, and needed to immediately build the wastewater treatment plant for the improvement of its environment. They will build the wastewater treatment plant of around 190 thousand ton per day in Guadalajara city for 2.5 years, and provide the service of wastewater treatment to CEA for 17.5 years, and then transfer its plant to CEA after the end of the Agreement (20-year BOT).
Mitsui has already participated in several projects in Mexico for Pemex and Queretaro State with Atlatec. Actually Mexico is required to urgently improve and maintain the wastewater treatment plants in many cities including Guadalajara. Accordingly Mitsui will continuously proceed with the water/wastewater treatment projects which contributed to the regional community and environmental preservation in Mexico, and also actively further develop its water business for the municipal water/wastewater projects and desalination projects in the potential regions which have some water problems, such as Asia and the Middle East.
(*1) Atlatec, S.A. de C.V. (H.Q.: Nuevo Leon, Mexico)
Mitsui acquired Atlatec, together with Toyo Engineering Corporation ("Toyo") (Head Office: Chiba, Japan ; CEO: Yutaka Yamada) in July 25, 2008. Mitsui and Toyo respectively hold 85% and 15% shares of Atlatec. The previous company name, Earth Tech Mexico, S.A. de. C.V., was changed to Atlatec, S.A. de C.V., after the acquisition, August 7, 2008.
(*2) Servicios de Agua Trident, S.A. de C.V. ("SAT") (H.Q.: Nuevo Leon, Mexico)
|Name of Project||EL AHOGADO, Wastewater Treatment BOT Project|
|Location||Guadalajara City, Jalisco State, Mexico|
|Business||20-year BOT (Build, Operate and Transfer) of wastewater treatment plant for the Water Commission of the State of Jalisco
(Construction: 30 months, Operation: 210 months)
|Project Cost||Approx. US$70 million
(Including (i) Investment amount, (ii) Governmental subsidy for the Infrastructure projects, and (iii) Non-recourse project finance)
|Name of Project Company||AGUAS TRATADAS DE GUADALAJARA, S.A. DE C.V.
(SAT: 66%, Atlatec: 34%)
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