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November 21, 2008

Veolia warns of water and waste downturn

Water21 - magazine of the International Water Association

Veolia Environnement has warned its water and waste management businesses have slowed down, and that it expects total investments to fall 34% to $5.4 billion this year. In a statement the company cited slowing economies and temporary incinerator closures as the reasons, and said it will present revised estimates for 2008 this week. The company's shares have fallen 63% so far this year.

Quoted from global news digest.

Posted by dcjaya at November 21, 2008 6:13 PM