Sembcorp Industries announces that its solid waste management subsidiary, SembWaste, has been awarded a S$121 million, seven year contract by the National Environment Agency (NEA) to provide refuse collection and recycling services to the Bedok sector in Singapore.
With the contract, Sembcorp now serves five out of nine geographical sectors in the country. Refuse collection and recycling operations for the new sector will commence on November 1, 2011.
This transaction is not expected to have a material impact on the earnings per share and net asset value per share of Sembcorp Industries for the current financial year.
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