Xylem Inc. (
) is edging up on news it has won a "significant" contract to treat
municipal drinking water for a new high-tech industrial zone in
South Korea. The contract will involve using ultraviolet (UV)
advanced oxidation process (AOP) technology for the first time in a
municipal drinking water system in the country.
The water treatment facility will treat more than 26 million
gallons per day, and will be the first step in the development of
the new $3 billion Sihwa Multi-Tech Valley project, a
government-backed regional industrial development initiative being
implemented by the K-Water municipality. The new hub for the
enterprise is due to be completed by 2016.
Specific terms of the deal were not disclosed.
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