Wealth Environmental Protection (WEP) Receives 2013 Frost & Sullivan Company of the Year Award
SHANGHAI, July 2, 2013 /PRNewswire/ -- Frost & Sullivan, the world's leading growth partnership company presents the 2013 Frost & Sullivan Company of the Year in Chinese water treatment market to Guangdong Wealth Environmental Protection Co., Ltd. (hereafter "WEP"), for its excellent performance and outstanding contribution in water purifying agents, especially in the field of inorganic polymer flocculants. This is another professional recognition WEP has received this year in environmental domain after joining forces with the United Nations Environment Programme (UNEP) as strategic partner of Champions of the Earth – the UN's flagship environmental award.
"WEP is one of the few companies that have a long-range strategic view in Chinese water purifying agents market. It has already held the leading position in this industry through constant investment in R&D and accomplishment of whole industrial chain layout ahead of other peers." Said Arden Dai, Executive Director at Frost & Sullivan, "Driven by its successful corporate strategy, WEP has demonstrated an outstanding growth track, which is much faster than the industry average. In addition, WEP has set a prominent example for Chinese enterprises in corporate social responsibility (CSR), and successfully established a long-term strategic partnership with UNEP. In light of all these accomplishments throughout the years, WEP is considered the worthy recipient of the 2013 Frost & Sullivan Company of the Year Award in Chinese water treatment chemicals market."
"As an influential power in China's environmental protection industry as well as the water treatment chemicals market, WEP are delighted to be recognized by Frost & Sullivan team with our excellent performance and remarkable products and services. With common value on environmental protection, we will join hands with Frost & Sullivan to resolve the environmental issues together. WEP will also continue to utilize our technical advantage and pursue the global presence and industrial dominance through international cooperation and resource allocation. We are confident to become one of the leading water companies worldwide and an ideal partner for global cooperation in water industry in the coming three to five years." cited WEP's President and CEO, Mr. Tan Mingzhuo.
The world is now facing severe challenge of environmental issues. WEP is committed to environmental protection. After 15 years' efforts, WEP has now become China's largest manufacturer of industrial wastewater purifying and sedimentation agents, and at the meantime an expert of water treatment providing one-stop solutions. In addition, WEP is the first Chinese company that supports UNEP in environmental activities.
Excellent Market Leadership
Polymeric aluminium chloride (PAC) is currently the most widely used inorganic flocculants in China. PAC is usually produced from High-performance Aluminate Calcium (HAC) powder in China, which shows a significant cost advantage compared to Europe and America using aluminum hydroxide as the main feedstock. However, a continuous rise in the price of HAC powder in China in recent years has obviously constrained the profitability of downstream purifying agents industry.
With long-term strategic vision, WEP, in advance, has established its layout throughout the whole value chain of water purifying agents through M&A. Its acquisition of HAC powder factories respectively in Shanxi and Guizhou has secured its supply of raw materials. In 2012, WEP has gained a net margin of over 20 percent, far higher than the industry average at less than 10 percent, according to Frost & Sullivan research. Currently, WEP has become the largest manufacturer of HAC powder in China's water purifying agents industry with a nationwide influence, especially in South China. The Company is currently preparing a series of projects across the entire industrial chain. Once launched, these projects are expected to further enhance its profitability in 2013.
Outstanding Innovation Capacity
While holding the leading market position, WEP also is the pioneer in terms of R&D capability, supported by its high profitability level. WEP owns an independent R&D institute, which is quite rare in Chinese water purifying agents industry. In 2011 and 2012, WEP's annual investment in R&D accumulated to more than RMB3 million, excluding government subsidies. Up till now, WEP has up to 20 patents and is also actively cooperating with leading universities in the field of water treatment, including Tongji University, Chongqing University, Jinan University and etc. Through such joint efforts between the Company and various colleges, WEP has further strengthened its technical advantage in the production and application of both HAC powder and water purifying agents.
Meanwhile, as the industry leader, WEP hasdedicated itself to the standardization of China's water purifying agents industry, by engaging in the formulation of several industrial standards, including 'Water Treatment Chemicals Coagulation - Performance Valuation Method' and 'Water Treatment Chemical – Aluminium Chloride'.
With its persistence in scientific research, WEP has attracted numerous technical professionals, and hence realized its commitment to make limited water resourcefully reused. Through offering professional, efficient and caring one-stop solutions, WEP's products and services are widely praised by its clients.
Leading Growth and Awareness of Social Welfare
With cost advantages and technological innovation strengths, WEP has maintained good momentum of development. From 2009 to 2012, the company witnessed a sound expansion with a compound annual growth rate (CAGR) of 27.3% in terms of revenue, again far beyond the average industry CAGR of 10-15% (Frost & Sullivan's estimation).
WEP takes social responsibilities seriously and is among the first to practice a business model that puts social welfare before economic interests. Led by Mr. Tan, WEP has invested enormous resources into education and environmental protection, supporting many Hope Schools in Guizhou, setting up environmental scholarships with partner universities, and offering free water purifying agents for environmental emergencies. In 2013, having passed the strict inspections of UNEP, WEP has officially become the strategic partner of Champions of the Earth, the highest level award for environmental leaders by UN, as the first company in China that supports this flagship award of UN. This has fully showed WEP's commitment to CSR and support for global environmental protection industry. Launched in 2005, Champions of the Earth has been awarded to 51 individuals or organizations recognizing their superior leadership, vision, inspiration, and action on the environment.
WEP is the first ever company from China presented the Frost & Sullivan Company of the Year Award in the entire environmental protection industry. The competitive strategy, innovation, profitability and CSR performance of WEP are highly valued by Frost & Sullivan as an independent third party.
Founded in 1998, Guangdong Wealth Environmental Protection Co., Ltd. (WEP) is China's largest manufacturer of industrial wastewater purifying agents and sediments, expert in water treatment, and integrated solution provider of environmental protection.
With 15-year accumulative efforts, WEP has always committed itself to the mission of "Let the sky be bluer, the water clearer". WEP has established close cooperation with Chinese Academy of Sciences and other leading research institutes such as Tongji University, Chongqing University, Jinan University. WEP aims for restraining the increasingly serious water pollution and global water crisis through continuous innovation. As of 2012, WEP had owned more than 40 National Invention Patents and formulated 14 national or industrial standards of Chinese environmental protection industry. WEP has grown into a benchmark brand of Chinese environmental protection industry and taken the responsibility for guiding and accelerating its development.
About Frost & Sullivan
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