Hyflux pushes into Mexico with Banco Interacciones MOU

Expect a tide of new water projects soon.

Hyflux International, a wholly-owned subsidiary of Hyflux Ltd, has signed a Memorandum of Understanding (MOU) with Banco Interacciones, Mexico’s largest infrastructure bank.

In a statement released yesterday, the two firms announced the joint exploration, structuring, pursuit and the possible installation of water and other projects and developments in Mexico.

“This strategic alliance with Hyflux will allow both companies to take advantage of the many opportunities in the local infrastructure sector, further bolstered by the Mexican Government’s ambitious plans and reforms related to its National Infrastructure Plan. We are excited by the prospect of combining Hyflux leadership in high-tech water solutions with Interacciones specialization in infrastructure projects,” said Carlos Hank González, CEO of Grupo Financiero Interacciones.

Here’s more from the statement:

Under the MOU, HIPL and Interacciones will cooperate and work with each other on a sole and exclusive basis to explore early stage and pre-specified greenfield water-related and infrastructure projects in Mexico that will leverage Hyflux’s technologies and expertise in water and environmental solutions.

Interacciones will use its experience and local network to introduce potential projects, investment opportunities and business partners to Hyflux, as well as provide equity or debt financing including coordinating institutional and government relations.