While most of the major United States-headquartered solid waste companies are focusing on North America operations, Paris-based Veolia Environnement S.A., is expanding worldwide by pushing further into emerging markets, especially China.
Its subsidiary, Velia Environmental Services, is expanding its waste-management business in China by increasing its investment in facilities and looking for acquisitions. Currently, local level and small players dominate most of the solid-waste market.
“Recycling will become a major industry for us in China,” Jorge Mora, the company’s chief executive for Asia, based in Beijing, told the Financial Times.
“We want to get into recycling in an organized and professional way.”
Mora and public relations officials in both Paris and the United States did not respond to repeated requests for an interview regarding Veolia’s plans for China.