- 1 August 2007 -
MicroFuze invests in South Africa water treatment
MicroFuze International Plc has completed its acquisition of 100% of the issued shares of Western Utilities Corporation Ltd (WUC), a company incorporated in the Republic of South Africa, for a total consideration of 100 Rand (approximately £7) per share. WUC has net assets of 100 Rand and has not commenced trading at the date of acquisition.
WUC was established to develop and commercialise a process technology which will facilitate the treatment of acid water, which is an industrial by-product of the mining process, and to sell the treated water to industrial customers. MFZ (through WUC) plans to construct a pilot plant close to the acid water decant point in the West Rand region in South Africa. The process technology licensed by WUC should enable the sale of better quality treated water to customers requiring water for their mining activities who are required by South African legislation to clean acid water and reduce waste.
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Filtration Industry Analyst
Membrane Technology