|
BERLIN, March 14-- After being taken over by a Chinese state-owned company, Germany's EEW Energy From Waste is on a steady growth track, instead of holding doubts at the beginning. With a history of over 140 years, EEW was taken over by China's state-owned Beijing Enterprises for 1.4 billion euros (1.6 billion U.S. dollars) in 2016. It was the largest Chinese acquisition of a German company at that time. "The cooperation is on a very high level. It couldn't be better," said Bernard M. Kemper, chief executive officer of the EEW, told Xinhua in an interview. As Europe's biggest company dedicated to waste incineration, EEW has 16 incineration facilities in Germany and two in neighboring countries, with a capacity of processing around 4.7 million tons of waste per year for energy production. "If you go back to three years ago, it was a challenge for both parties. For Chinese shareholders, they need to understand the German framework and market. On the other side, EEW had a Chinese shareholder," said Kemper. But nothing had changed in EEW except gaining support from the Chinese shareholders, and vice versa. In the past three years, the Chinese shareholders approved several new major projects for expansion, allowing the company to rebuild a line in Premnitz with 70 million euros and a plant near Hamburg with 150 million euros, to name a few. "The message is that, after three years of the takeover, EEW is not only willing to grow, together with the shareholder we are able to grow. The Chinese shareholder trusts the company and brings assets to the company, and they allow and ask EEW to expand its new and existing business," added Kemper. | 
