Hyflux Unit Signs Loan to Buy Desalination Equipment From Mitsui

Hyflux Ltd. (HYF) said today that its Hydrochem unit signed a $14.4 million loan with the Japan Bank for International Cooperation and Mizuho Corporate Bank to purchase desalination plant equipment from Mitsui & Co.

The loan is for the Tuaspring plant, one of Asia’s largest seawater reverse osmosis desalination facilities in western Singapore that’s scheduled to start operations in July 2013.

To contact the reporter on this story: Randall Hackley in Zurich at rhackley@bloomberg.net

To contact the editor responsible for this story: Randall Hackley at rhackley@bloomberg.net