Euro Tech Holdings Company Limited (CLWT) announced that its majority‑owned subsidiary, Yixing PACT Environmental Technology Co. Ltd., has been awarded a $2.1 million contract to design, supply, fabricate, and commission sewage and potable‑water treatment systems for a uranium‑mining site operated by a French‑Mongolian joint‑venture energy company in Mongolia. The systems will handle 300 tons of sewage and 360 tons of potable water per day, with project completion slated for August 2026.
The win marks a deliberate shift for Euro Tech from its core maritime ballast‑water treatment system (BWTS) business toward higher‑margin, proprietary solutions in regulated industries. By entering the uranium‑mining sector, the company is diversifying its revenue base and positioning itself to capture the growing demand for advanced environmental controls in mining operations, a market that offers both regulatory certainty and premium pricing.
Euro Tech’s 2024 financials show a net income of $734,000, down from $1.83 million in 2023, and revenue of $15.38 million, a 14.3 % decline. However, gross profit rose 15.4 % to $4.45 million, driven by higher‑margin BWTS sales. The new contract represents roughly 13.6 % of the company’s 2024 revenue, indicating a meaningful contribution to the overall business mix and reinforcing the strategic pivot toward higher‑margin segments.
Mongolia’s uranium industry has seen renewed interest, with projects such as the Zuuvch Ovoo mine expanding in‑situ leach operations. Strict environmental regulations in the region create a robust demand for reliable water‑treatment solutions, positioning Euro Tech’s expertise in a niche yet growing market. The contract aligns with the country’s regulatory framework and the global push for cleaner mining practices.
Management has highlighted the contract as part of Euro Tech’s broader strategy to expand beyond maritime BWTS and to strengthen its presence in regulated, high‑value sectors. The company views the project as a test case for scaling its environmental‑engineering capabilities and as a stepping stone toward further opportunities in mining and energy infrastructure.
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