Jose Flores News

Vicel Group, Aqua-Chem Create Joint Venture

Vicel Group, a Brazilian representative of global freshwater and wastewater treatment equipment suppliers and an engineering services company for oil platforms and ships, will meet with Aqua-Chem Inc. CEO David Gensterblum and his executive teammates, Phil Schrader and Jose Flores on March 6 in Brazil  to formalize the creation of a Joint Venture, called Aqua-Chem do Brazil (a 50 percent ACI, 50 percent Vicel investment). The partnership with the U.S. company for the formation of the JV Aqua-Chem do Brasil was planned to meet the market’s growing demand for products with national content, as established by the ANP (oil, gas and biofuel national agency) rules.