Roundtable Discussion; The Future of Mineral Sands. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksMWG.L Share News (MWG)

  • There is currently no data for MWG

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Modern Water Sells Brine Concentration Plant To Chemicals Producer

Wed, 13th Mar 2019 13:53

LONDON (Alliance News) - Modern Water PLC said Wednesday it has received a purchase order to supply an all-membrane brine concentration plant to a producer of crop protection products and other industrial chemicals.

Modern Water said the unnamed client is a "substantial" international chemicals company and the sale follows a trial at the client's site in India. The plant will treat the "technically challenging" waste water produced by the client.

"We are proud that a worldwide chemicals giant has decided to use our AMBC technology. Together with our partners at Advent in India, we look forward to delivering a plant that will help the client treat challenging waste water in a cost-effective and energy-efficient way," said Chief Executive Simon Humphrey.

Shares in Modern Water were up 9.5% Wednesday afternoon at 6.79 pence each.

More News
12 Nov 2009 14:11

Round-up: Capital & Regional, International Ferro, Synergy Healthcare...

Property fund manager Capital & Regional reports valuations in the UK fund businesses, particularly in retail warehouses, are trending higher in the fourth quarter. This reflects the strength of the investment market which is likely for the balance of this year to outweigh pressure on income. C&R

Read more
9 Sep 2009 13:08

Broker tips: Glaxo, Go Ahead, Modern Water

The Centers for Disease Control and Prevention (CDC) issued new guidelines for the use of antivirals in the treatment of flu on Tuesday, which should boost revenues drugs giant GlaxoSmithKline (GSK) receives from its Relenza flu treatment. The ruling that Tamiflu and Relenza should promptly be give

Read more
9 Sep 2009 12:42

Broker snap: KBC laps up Modern Water

House broker KBC Peel Hunt has upped its price target for Modern Water after the desalination firm's interim results. The broker has raised its fair value for Modern Water Group (MWG) shares from 69p to 77p and reiterated its 'buy' recommendation. 'MWG's previous undervaluation, where it traded at

Read more
9 Sep 2009 08:37

Modern Water H1 losses widen

Interim losses at desalination firm Modern Water widened but the group says it is well positioned to deliver progress in the coming months. Loss on ordinary activities before income tax swelled to £2.1m during the six months ended 30 June 2009 compared to a loss of £1.1m the same period a year ear

Read more
5 Jul 2009 11:53

Sunday tips round-up: RM, Hill & Smith, Modern Water

RM has diversified into educational software, electronic whiteboards and other educational devices. It has also moved into US markets, where penetration of items such as fully electronic whiteboards is much lower than in the UK. The company has net cash of around £4m, with about £12 in the bank. Th

Read more
29 Jun 2009 08:04

Modern Water hails success of test plant

Modern Water said its plant in Gibraltar, which uses the company’s desalination technology, is performing ahead of expectations. The water technologies group’s Gibraltar plant has been supplying water directly into Gibraltar’s potable water distribution system since May 2009, and the quality of th

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.