Commercial Services and Supplies
Company Overview of Metito (Overseas) Limited
Metito (Overseas) Limited provides water management solutions. It designs and manufactures water and wastewater treatment systems; and offers process and surface water treatment, water desalination, chemical injection system, water disinfection, industrial/domestic effluent treatment, and municipal sewage treatment plants. The company’s water treatment products include reverse osmosis and pre-treatment, boilers, closed systems, evaporative cooling systems, potable water, MSF/combined cycle, process chemistries, and oilfield chemicals. It also offers specialized chemicals to various industry sectors, including oil, gas, petrochemical, marine, mining, automotive, industrial cleaning, and leisu...
Sheikh Zayed Road
United Arab Emirates
Founded in 1958
Key Executives for Metito (Overseas) Limited
Compensation as of Fiscal Year 2015.
Metito (Overseas) Limited Key Developments
Metito Announces its Participation in Four Tourism Projects
Jun 14 15
Metito announced its participation in four tourism projects. The investment cost of the solutions the company offers to the projects is EGP 65 million. The official added the projects include: Citystars, affiliated to Golden Coast company; Hacienda Bay, affiliated to Palm Hills company; Porto Sharm, owned by Amer Groupl and Marasi, affiliated to Emaar Misr. The company will compete over expanding in providing intelligent water management solutions to Egyptian tourism resorts in the next period. This would especially be in areas of the Red Sea and South Sinai, through seawater and sewage desalination for irrigation purposes. Metito intends to complete the four projects by the end of the current year. These resorts require investment, particularly in their infrastructure, to make them attractive to Egyptian tourists. The company's portfolio of projects is diverse, working extensively with the industrial, municipal and residential sectors, according to the statement. It added that the company's services aim at lowering energy consumption per cubic meter of produced water.
Metito Wins $75 Million Water Project in Rwanda
Mar 31 15
Metito has signed a concession agreement for a public- private partnership (PPP) water project worth $75 million with the government of Rwanda. The company will develop a new, sustainable bulk water supply plant in Kigali to serve 40% of Kigali city’s potable water requirements under the deal. The signing took place in Kigali at a special ceremony that was coordinated by Rwanda’s Development Board (the country’s investment promotion organ), the Water and Sanitation Corporation (Wasac) and the Ministry of Infrastructure and the International Finance Corporation (IFC). It is the first water concession contract of such scale awarded by the government of Rwanda and in terms of capacity and value in sub-Saharan Africa, outside of South Africa. To implement this project and to further cement Metito’s commitment to Rwanda, the company has established Kigali Water, a fully-owned subsidiary of Metito. The plant, which will take approximately two years to construct, will be located in Kanzenze in the South Eastern part of Kigali. On completion the plant will supply 40,000 cu m per day of treated groundwater, which will be extracted from the south bank of the Nyabarongo River.
Investor Reportedly Eye SMS
Jun 4 14
REMONDIS SE & Co. KG; Metito Overseas Ltd.; Tata Projects Limited; Va Tech Wabag Ltd (NSEI:VATECH) are in the race to acquire a strategic stake in Aditya Birla Private Equity backed SMS PARYAVARAN Limited. The deal, valuing SMS Paryavaran at INR 5 billion, could help Aditya Birla exit SMS, three people with direct knowledge of the development said. "The company is looking at raising INR 150 crore to expand its current order book and execute some of the existing projects," an investment banker said. "Currently, the company is looking at selling a significant minority stake where Aditya Birla PE could also partially exit." The company's valuation has grown about four times since it reported revenues of INR 131 crore in 2012-13. "VA Tech Wabag and Tata Projects, too, have put in a competitive bid. Talks are on and the company will enter into exclusive talks with one of these players by end of the month," another person with knowledge of the company's plans said.
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