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ZCL Composites Inc. Sells Interest in Philippines Operations

20 April 2001


ZCL Composites Inc. has sold its 40% interest in ZCL Enviro Systems, Inc. in the Philippines to its local partner, Brenton International Ventures Manufacturing Corporation. Brenton now owns 100% of Enviro Systems. ZCL will continue to receive ongoing royalties under the long term licensing agreement, and sell specialized raw materials to Enviro Systems.

The success of this first international venture will be a model for future globilization. ZCL and Enviro Systems will work together to expand to certain additional geographic regions to capitalize on the demand for our products throughout the world. Enviro Systems will also be able to pursue other opportunities that were not considered core business by ZCL.

“This transaction is very much a win-win for both parties,” says Ven Côté, President. “I would like to thank our many friends at Enviro Systems for their efforts and contribution, and wish them continued success in the future.” says Côté.

ZCL Composites is Canada’s largest manufacturer of fibreglass underground storage tanks.





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