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EXPORTING TO CHINA IS BIGGER THAN NESTLÉ
Ontario Premier Kathleen Wynne says that rules that govern the water bottling industry need to be looked at again. It appears that Nestlé is taking all the bad press around this issue, especially after the small Township of Centre Wellington was outbid by the multinational giant in its attempt to purchase a well to secure water supply for its growing community. Nestlé's take is that as long as all bottled water companies have to pay the same price, they are ok with an increase.
Watertoday found this press release from a Canadian company, Whistler Water Inc., with a large investment from a wealthy Chinese investor. The company plans to sell bottled water from Canada in China itself.
If the water is shipped to China it isn't the same argument that exists for domestic market. Here, it flows back into our rivers and lakes so to speak. In China not so much. According to a knowledgable sources in the cargo shipping industry, a lot of water can be shipped in one
Water is typically handled in 1-1.5 litre bottles. Bottles stack to about 1.5 nominal volume; i.e. a 1 litre bottle needs about 1.5 litres of space. A standard shipping container can then hold about 24,000 bottles. A big container ship from Vancouver can take 10,000+ containers, so 240 million bottles. 6-7 ships could give a bottle to everyone in China.
If Canada is going to let companies buy our water for resale in China maybe there could be a tax on the (commodity?) bottles that could help our hard pressed water plants with some extra cash? The other question is what happens to the bottles
when they are done? China doesn't have any on the record statements about recycling.
The Whistler Water press release follows. The president of the company had not replied to our three inquiries as of press time.
THE PRESS RELEASE
BURNABY, BC, Sept. 8, 2016 /CNW/ - On the occasion of Canadian Prime Minister Justin Trudeau's visit to China for the G20 meeting, Whistler Water Inc. signed a substantial investment agreement to promote, market and sell Whistler Water branded products in China and other overseas markets.
The business relationship was officially established in Shanghai on Thursday, September 1st, 2016 at a signing ceremony attended by the Rt. Hon. Justin Trudeau, Prime Minister of Canada, and the Hon. Chrystia Freeland, Canada's Minister of International Trade.
The investors are led by Zhen Partners Fund IV, L.P. (ZhenFund), a prominent investor in China's business community known to have invested in hundreds of business technology ventures in the country. This is the first time ZhenFund has ventured outside of China to make an investment in traditional manufacturing.
"Chinese people would love to enjoy the quality of life that Canadians take for granted," said Bob Xu, ZhenFund's founding President, who signed the agreement on behalf of the investors. "Perhaps one of the best ways for them to do it is to drink Canadian water, like Whistler Water."
Drinking water quality is a major concern in China, where media reports have suggested that up to 80 per cent of the underground water is polluted or at serious risk of becoming contaminated.
"Our Canadian glacial spring water is especially suited for China," said Herbert Q. He, President of Whistler Water Inc. "Our soft and pure water stands in striking contrast to the hard water that most urban residents in China have to live with on a daily basis. With investment and other help from ZhenFund, we are now positioned to bring more of our products to Chinese consumers and create more jobs for Canadians."
About Whistler Water Inc.:
Whistler Water is a leading manufacturer and supplier of premium glacial water in Canada and worldwide. Our operation is based in the city of Burnaby located on the west coast of British Columbia, Canada. Customers choose Whistler Water above other brands for its taste, purity and superior quality.
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