China Everbright Water Limited, an environmental protection company focuses on investment, operation and management of integrated environmental water business, has entered into a loan agreement with International Finance Corporation ("IFC"), to secure a long-term loan of USD140 million. 
Wang Tianyi, Vice-Chairman and CEO of Everbright Water. NextInsight file photo.The loan will mainly be utilised as capital expenditure working capital of the Company to finance the development and expansion of their wastewater treatment and environment protection business in the PRC.
The loan agreement reflects IFC’s recognition of Everbright Water’s professional management team. As a member of the World Bank Group, IFC imposes stringent standards on the corporate’s business performance, management level, financial transparency and social responsibility in its loan approval process.
Mr. Wang Tianyi, Vice-Chairman and CEO of Everbright Water, expressed the Company’s gratitude to IFC for the loan support. He said, “The signing of this loan agreement will provide Everbright Water with a steady and long-term financing support to develop our business. It is also a strong affirmation of the operating model, business performance and social responsibility of the Company.
"Looking ahead, we will further strengthen our cooperation with IFC to enhance the quality of the construction engineering and operation of our projects, and also to further expand our market presence, in order to achieve our goal to become one of the leading environmental water players in the PRC.”
Nordic Group said its wholly owned subsidiary, Multiheight Scaffolding Pte Ltd, has been awarded the Workplace Safety and Health (“WSH”) Performance Silver Awards 2015 and gold in the WSH Awards for Supervisors 2015. It is the 11th time since 2002 that Multiheight has won the WSH Performance Award. Multiheight places a high emphasis in the safety of its workers and end-users.
In the past three years, Multiheight has consistently improved its safety record and has reduced the rate of incidents significantly. Engaging in a “Top-Down” approach for its workplace safety and health policies ensures everyone in the organisation practises and adhere to the requirements and procedures in the WSH Act.
“Everybody is responsible for practising, enforcing and ensuring safety first at all times, from the top management down to workers,” said Mr Robin Yip, Chief Operating Officer of Multiheight. 
Chang Yeh Hong, executive chairman of Nordic Group. NextInsight file photo.Commenting on the awards, Mr Chang Yeh Hong, Group Executive Chairman of Nordic, said, “Having a safe and healthy work environment is paramount to achieving high work efficiency and high quality standards.
"Being recognised for this achievement will bring additional assurance to Multiheight’s customers, vendors and suppliers. Winning the WSH Awards will motivate us to continually improve our work safety management, which will safeguard the business operation and ensure sustainable growth at Multiheight.”
