GE Power & Water a part of General Electric Company GE recently announced a distribution agreement with global chemicals company Kemira to bring the latest water technology to the pulp and paper industry.
The partnership will leverage General Electric’s advanced water technology, which includes boiler and utility area cooling product technologies as well as membrane cleaning chemistry. Kemira will provide on-site services along with its expertise in the supply process and water chemical technology. The agreement is expected to bring revolutionary water solutions to the global pulp and paper industry.
A continuous investment in technology and innovation is vital to meet the rising water technology demands of the pulp and paper industry. The alliance will work on a range of solutions, including the fast scale-up of technologies that will help answer the operational needs of the industry and also provide long-term solutions that can support the industry to meet future water requirements.
With this partnership, both companies further extend their support to the pulp and paper industry for which water technology is one of the biggest challenges due to the large amount of water required for production.
GE Power & Water produces gas, steam and aero derivative turbines; generators; combined cycle systems; and renewable energy solutions, as well as provides water treatment services and equipment.
General Electric the parent company of GE Power and Water is one of the largest and most diversified technology and financial services corporations in the world. Its product and service portfolio ranges from aircraft engines, power generation, water processing and security technology to medical imaging, business and consumer financing, media content and industrial products. Its segments include Power & Water, Oil & Gas, Energy Management, Aviation, Healthcare, Transportation, Home & Business Solutions and GE Capital.
General Electric currently has a Zacks Rank #3 (Hold). Other stocks that look promising and are worth a look include Swire Pacific Limited SWRAY, Danaher Corp DHR and Compass Diversified Holdings CODI carrying a Zacks Rank #2 (Buy).
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