GE Tech Aids Portuguese Brewery - Analyst Blog

General Electric Company ( GE ) recently improved the operating performance of Portugal brewery- Sociedade Central de Cervejas e Bebidas (SCC) by providing advanced membranes and water chemical technology.

SCC has insufficient ground water to meet the brewery water requirements and is prone to a high risk of water scarcity in the forthcoming years in Portugal. The brewing process is high in energy consumption and water intensive so the breweries are taking significant strides to reduce the energy and water requirement.

By leveraging General Electric's membranes and advanced chemistry technology, SCC is likely to improve its water treatment performance, reduce shutdowns by five times and generate cost savings. The Portugal brewery reuses wastewater to its cooling towers, which is expected to reduce its water discharge by 72 million liters annually and its fresh water consumption by the same amount.

Also, the productivity of the brewery is expected to increase by 40% with the usage of advanced water treatment technology. Such innovative technology upgrades are likely to augment revenues for the company. Additionally, General Electric awarded SCC an ecomagination award to recognize its efforts in reduction of fresh water consumption and wastewater discharge.

General Electric is one of the most diversified technologies and financial service corporations in the world. The company's segments include Power & Water, Oil & Gas, Energy Management, Aviation, Healthcare, Transportation, Home & Business Solutions, and GE Capital. GE Power & Water produces gas, steam and aero derivative turbines; generators; combined cycle systems; and renewable energy solutions, as well as provides water treatment services and equipments.

General Electric currently has a Zacks Rank #3 (Hold). Other stocks that look promising and are worth a look now include CLARCOR Inc ( CLC ), Icahn Enterprises, L.P. ( IEP ) and Noble Group Ltd. ( NOBGY ), each carrying a Zacks Rank #1 (Strong Buy).

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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