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Home Investing News

Hungarian water firm eyes joint ventures in Mindanao towns 

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June 14, 2022
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Hungarian water firm eyes joint ventures in Mindanao towns 
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EMERGENCY water treatment units developed by Hungarian Water Technology Corporation used by the Philippine’s National Disaster Risk Reduction and Management Council. — OFFICE OF CIVIL DEFENSE

HUNGARIAN Water Technology Corporation (HWTC) Ltd., which provides water and wastewater treatment solutions, is eyeing partnerships within Mindanao in southern Philippines. 

Davao City-based Honorary Consul of Hungary Mary Ann M. Montemayor said HWTC executives were in town recently and expressed readiness to form joint ventures with local partners for various water treatment projects. 

She said the company, which has been present in the country since 2018, specializes in the design and complete implementation of drinking water and wastewater treatment plants, production of containerized mobile water and wastewater treatment compact units, and membrane desalination plants, among others.   

“Containerized water treatment units and desalination technologies could be a perfect solution for smaller LGUs (local government units), island communities and holiday resorts in the Mindanao region,” she told BusinessWorld.     

She added that HWTC design their facilities based on the requirements of each client.  

“All of their technologies are unique and customized, which can guarantee that the delivered technology will fulfill the end user’s expectations.” 

She noted that the company is an active member of the Hungarian-Philippine Joint Committee on Economic Cooperation and they also have a close collaboration with the Department of National Defense and the Laguna Lake Development Authority.   

“Water is a key commodity that is needed by all sectors including the agrobusiness, light and heavy industries and of course the general public,” the consul said. “Being a technology provider, HWTC can have great business development potentials in various sectors in the region.”  

DISASTER RESPONSE
Meanwhile, Office of Civil Defense (OCD) Administrator Ricardo B. Jalad met with Hungarian Ambassador to the Philippines Titanilla Toth and HWTC Chief Executive Officer Adrián Kiss on Monday for strengthening cooperation in disaster response operations.  

“The meeting focused on the updates on the Official Development Assistance Loan offered by the Government of Hungary to OCD for the purchase of 16 mobile water treatment units from the HWTC,” the agency said in a statement on Tuesday.   

The Philippine government, through the OCD, has expressed intent to buy additional water treatment units that can be used in different regions for emergency operations during calamities.   

“The OCD is coordinating with the National Economic and Development Authority to process the Investment Coordination Committee requirements for the acquisition of the 16 water treatment units,” OCD said.  

HWTC has previously donated mobile water treatment equipment to the Philippines. — Maya M. Padillo 

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