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CHRIST WATER TECHNOLOGY AG

euro adhoc: CHRIST WATER TECHNOLOGY AG
Joint Ventures/Cooperation/Collaboration
CHRIST raises presence in India

  Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.
03.10.2006
Christ Water Technology AG increased the share in the Indian Joint
Venture CHRIST NISHOTECH Water Systems Pvt, Ltd, with registered
office in Mumbai, from 10 to 50 per cent. Cay Mansson, head of
business unit Pharma & Life Science: "This investment constitutes
another important milestone in the strategy of CHRIST to take its
strong water purification know how for the pharmaceutical and life
sciences industries global." Shoeb Kurawadwala, CEO and Indian
partner, sees this stronger commitment of Christ Water Technology as
a mark of confidence into CHRIST-NISHOTECH and as a solid base for
expanding activities in India as well as for export.
This Joint Venture, principally involved in the manufacturing, sales
and maintenance of water treatment plants for the pharmaceutical and
biotech-industry, was founded in 2004 and has been developing very
successfully ever since. The Indian pharmaceutical market is one of
the strongest growing markets in the world currently, in particular
powered by the generics industry.
The stronger commitment of CHRIST should also allow to create a
platform for the engineering and the production of plants for markets
outside India. Presently CHRIST-NISHOTECH employs 30 persons. It is
planned to increase the staff to more than 100 persons in the near
future.
end of announcement                               euro adhoc 03.10.2006 07:30:00

Further inquiry note:

CHRIST WATER TECHNOLOGY
Ralf Burchert, IR
ralf.burchert@christ-water.com
P. +43 6232 5011 1113

Branche: Biotechnology
ISIN: AT0000499157
WKN: 675399
Index: WBI, ATX Prime
Börsen: Wiener Börse AG / official market

Plus de actualités: CHRIST WATER TECHNOLOGY AG
Plus de actualités: CHRIST WATER TECHNOLOGY AG