United Envirotech inked two water treatment projects in China

They're estimated at $85 million.

According to OCBC Investment Research, United Envirotech Ltd (UEL) recently announced that it has secured two more water treatment projects in China.

Here's more:

The first contract is to provide total water solution to a textile industrial park in Guangan, Sichuan Province, via a 90-10 JV with the park owner. The first phase of the BOT project – worth RMB160m (S$33m) – will commence immediately and be completed by end Aug 2014.

The second is a RMB250m (S$52m) EPC contract to build a 60k m3/day underground membrane bioreactor to treat wastewater from a textile industrial park in Gaoyang, Hebei Province.

UEL expects to commence construction immediately and complete the project by end 2014. However, UEL notes that these two projects will not have any material impact to FY14 (ending Mar) bottom-line.