Sembcorp Ind

Sembcorp Ind: To invest a total of Rmb326.6m to develop centralised utitlities facilities to serve existing and new customers in Fushun Petrochemical and Fine Chemical Park. For the 1st phase, Sembcorp will invest Rmb76.0m for a service corridor network with completion expected in the 1Q2013. Co will also embark on a water project and acquire a portfolio of water assets and develop a new industrial water treatment plant and a 3.6-kilometre water pipeline at a total investment of RMB250.6m. Co trades at 13.1x P/E currently.