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Canadian Company Invests in China's Environmental Protection Industry
The Canadian Tagalder Group signed a contract with Sanfeng Environment Protection Co. Ltd. Thursday in the capital of southwest China's Sichuan Province, in a bid to develop the environmental protection industry of west China.
Tagalder Group announced that it will spend 8.7 million yuan (1. 05 million U.S. dollars) to establish a garbage processing factory in Yanting County in the province. The move will be the company's first investment in environmental protection in China.
As a multinational high-tech company, Tagalder is involved in IT, biotechnology and agricultural products processing. Sanfeng specializes in making and developing garbage processing facilities.
The two companies also established Sichuan Tagalder-Sanfeng Environment Protection Scientific Technological Company.
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