A joint venture between South Australian water treatment technology company Micromet and Chinese industrial group Dadongwu will generate 75 new manufacturing jobs in Adelaide.
Micromet and Dadongwu will today sign a joint venture agreement which will open new markets in China for the company’s technology – which removes pollutants from contaminated water such as sewage, grey water, and industrial effluents.
Manufacturing and Innovation Minister Kyam Maher and Investment and Trade Minister Martin Hamilton-Smith will oversee today’s signing ceremony at Parliament House.
Minister Maher says Micromet will receive a $26,000 grant through the State Government’s Business Transformation Voucher program to develop and implement a marketing and brand strategy for Australian and international markets.
“Micromet has been developing irrigation control technology in South Australia for the past 20 years, and more recently has moved into innovative water management technology which has helped the company expand into overseas export markets,” he says.
“The company’s technology is modular and scalable, allowing it to be sized to suit a wide range of applications, and can be transported anywhere in the world in a shipping container.”
Minister Hamilton-Smith says the joint venture follows Micromet’s visit to China in May last year as part of a South Australian trade mission.
“Last year Micromet received $20,600 from the State Government’s Export Partnership Fund to help it reach out to new markets, particularly in regions where improvement to water quality is most needed,” he says.
“Micromet participated in the State Government-led trade mission to Shandong in May last year where the company identified significant market opportunities to help address problems with contaminated groundwater and trade waste.
“The company is already exporting the new technology to Canada, and through this partnership with Dadongwu, Micromet will have a clear path to the lucrative Chinese market.
“This is a strategic partnership with the potential to develop further into the future, and is a great example of the sorts of opportunities that can be captured by local companies partnering with large and diverse global enterprises.
“To see this investment come as a direct result of one of our trade missions reinforces the importance of the State Government’s international engagement strategies and the busy calendar of business missions planned for 2016.
“Through its case management services, Investment Attraction South Australia played a key role in helping Micromet secure the investment and facilitating the agreement with Dadongwu.”
Micromet CEO Jim Townsend says water management is a global challenge, and South Australia’s water technology industry can provide key expertise, thus increasing exports.
“Through this partnership with our Chinese associates, Micromet will undergo rapid expansion while helping meet very significant water sector challenges in China,” he says.
“Micromet gratefully acknowledges the assistance and cooperation of the Water Industry Alliance, the Department of State Development, Investment Attraction South Australia, and SinoSA in helping bring this partnership to fruition.”
Dadongwu is a partially state-owned industrial group based in Huzhou, south-west of Shanghai. It has a wide range of business interests including construction of hotels and ports, automotive manufacturing, and water treatment technologies.
The joint venture will also see Dadongwu directly invest $2 million in Micromet.