About Us

Corporate Profile

 

CITIC Envirotech Ltd (“CEL”, “Group”) is a leading membrane-based integrated environmental solutions provider which specialises in water and wastewater treatment, water supply and recycling. It also provides solutions in sludge and hazardous waste treatment as well as river restoration. CEL undertakes both turnkey and investment projects as well as provides plant operation and maintenance services in water and environmental projects.

Its wholly-owned subsidiary, Memstar Pte Ltd is one of the largest advanced membrane manufacturers in the world, specializing in PVDF hollow fibre Ultrafiltration (UF) and Microfiltration (MF) membranes. It also manufactures flat sheet Nanofiltration (NF) and Reverse Osmosis (RO) membranes.

CEL has a strong track record as a technologically-driven company with solid core expertise and has designed and built several of the largest treatment plants in Asia using its proprietary Membrane Bioreactor (MBR) and Continuous Membrane Filtration (CMF) technologies.  It serves a strong and prominent customer base including petrochemical giants like China Petrochemical Corporation (“Sinopec”), China National Petroleum Corporation (“CNPC”), China National Offshore Oil Corporation (“CNOOC”), industrial parks and municipalities.

The Group is listed on the main board of the Singapore Stock Exchange with a market capitalization of more than SGD 1.5 billion.  It has invested in more than 60 water plants across 11 provinces in the PRC and Asia, with a total design capacity of more than 5.5 million m3/day.   

In August 2011, KKR became a strategic investor of CEL after injecting a US$113.8 million convertible bond investment and follow-on equity investment of US$40 million in January 2013. KKR is a leading global investment firm with about US$ 126 billion in assets under management as at 31 March 2016.

In April 2015, CITIC joined KKR as a strategic investor of CEL and became its largest shareholder after making a joint voluntary unconditional offer with KKR. CITIC Limited is China’s largest conglomerate operating domestically and overseas, with businesses in financial services, resources and energy, manufacturing, engineering, contracting and real estate, as well as other services.

In November 2016, CRF Envirotech Co., Ltd. completed the acquisition of the entire stake held by KKR China Water Investment Limited in CITIC Envirotech Ltd, and became its second largest shareholder owning a 23.85% stake. CRF Envirotech Co., Ltd is a joint venture between CRF Envirotech Fund L.P. and China Reform Soochow Overseas Fund I L.P., which are in turn sponsored mainly by China Reform Holdings Corporation Ltd (“CRHC”). CRHC, a wholly stated-owned investment company plays a unique and crucial role in China’s state-owned assets management and restructuring process.

The Group’s history dates back to 1996, when Dr Lin Yucheng (currently CITIC Envirotech’s Group CEO and Executive Director) started NOVO Environmental Technology Services Pte Ltd, a subsidiary of Productivity and Standards Board (PSB) Corporation. Through a business buy-out, Dr Lin founded United Envirotech Ltd and the company was listed on the mainboard of Singapore Stocks Exchange since 2004. United Envirotech Ltd changed its name to CITIC Envirotech Ltd on 30 July 2015.

The Group’s vision is to be a leading membrane technology-based global water player. It currently has about 1,800 employees and consists of over 40 subsidiaries located in Singapore, China, USA, Malaysia and Indonesia. We are committed to environmental protection and value-creation for our stakeholders.

 

Click the link to view CITIC Envirotech Ltd Corporate Video