Hydro International (AIM:HYD) – Takes its first steps into the Russian market
Hydro International, a leading provider of environmentally sustainable and innovative products for the control and treatment of water, has announced that it has signed two new distribution agreements in Russia and Romania, with a first contract win in Russia. With cash in the bank the shares are surely worth a closer look at current levels
Hydro have now put pen-to-paper and struck a strategic business partnership with the leading Russian engineering company, Ecoline Ltd. The agreement will involve Hydro supplying stormwater products to Russia, the Ukraine, Belarus and Kazakhstan. There are currently huge opportunities in this space and the Russian environmental market is emerging and expected to grow rapidly, providing an excellent opportunity for continued organic growth. The partnership has already proved fruitful, with Hydro announcing the first contract to be won under this new partnership, worth €2m. This will involve a distributed supply of stormwater storage systems to the Northern Capital Gateway Consortium, which…