ECL Well positioned globally
Another stock expanding in China. What catches my eye in the profile is the
"Further, it provides water services, including treatment of cooling water, boiler water, influent, and wastewater, as well as solutions for process improvements and pollutant control".
And three good paragraphs about water from the China story>>>
"The water market is growing strongly because of the lack of water in some very fast-industrializing parts of the world, such as parts of China, India and the Middle East."
He said providing water services is fast becoming a more important part of the company's business.
The global water services market we participate in is $30 billion and Ecolab has about a 11 percent share," Fyrwald said. "Our next competitor has about half of that. The Chinese market is smaller today, but growing very fast. Our total company sales in China are more than 2 billion yuan ($315.8 million). The water business is our largest business, and the total Ecolab business is growing by 20 percent a year."
Solid company expecting 6% growth sales in the USA, and trouble in Europe, but still a forecast growth in 2013 of over 6%, assuming no more acquisitions. I might wait for a corection to buy.
http://www.chinadaily.com.cn/business/2012-03/15/content_14850986.htm http://finance.yahoo.com/q/pr?s=ECL+Profile http://finance.yahoo.com/q/ae?s=ECL+Analyst+Estimates http://finance.yahoo.com/q/bc?s=ECL&t=my&l=on&z=l&q=l&c=
