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China Machinery to Build Water Plant in Republic of Congo

March 19 (Bloomberg) -- China Machinery Engineering Corp., a state-controlled contractor with projects in countries including Nigeria and Serbia, won a $246.2 million contract to build a water-treatment plant in the Republic of Congo.

The 36-month turnkey project calls for the Beijing-based company to build a drinking-water plant in Pointe-Noire with production capacity of 5,250 cubic meters an hour, according to a Hong Kong stock exchange filing yesterday.

China Machinery gained 2.1 percent to close at HK$5.32 in Hong Kong trading yesterday, before the announcement. The stock has slumped 15 percent this year, compared with a 7.4 percent decline in the city’s benchmark Hang Seng Index.

To contact the reporter on this story: Joshua Fellman in New York at jfellman@bloomberg.net

To contact the editor responsible for this story: Randall Hackley at rhackley@bloomberg.net

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