The water technology company from the Netherlands says that it ended 2010 well. The order intake increased by about 25% to almost 54 million euro, bringing it back to the level before the financial crisis. Both turnover and net profit remained virtually unchanged compared to 2009.
These figures are the consolidated result of the operational activities of Paques Balk in the Netherlands and Paques Shanghai in China. Paques Shanghai has continued the growth of the previous years. 2010 was still a difficult year for the operation in the Netherlands due to a reserved investment policy of customers.
However, trading conditions have evidently been improving, and in the Paques press release they report that a strong recovery was observed in the fourth quarter.
Because this growth continues in the first quarter of 2011, it seems that the recovery is structural in particularly Europe and North America.They also report an optimistic outlook with good demand for technologies that provide solutions for water scarcity, and that production of green energy is expected to increase. Therefore, they are looking with confidence to the future where and they will continue to focus on innovation and market development with a strong focus on local presence in growth markets, Managing Director Rob Heim has stated.
Also on their web site, the well established company notes that it is converting biogas into electricity through its technology in impressive quantities already.
Its projects generate approximately 3,000,000 MWh of electrical power per year, representing a value of 2 to 3 hundred million euro per year. In less than a single year, they say that efficient use of biogas can result in a full return on investment!
As many more people are realizing, the combination of environmental and economical value characterize biogas as a very attractive source of green energy.
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