Sembcorp Industries: JV served with further claim on wastewater discharge

Singapore two-dollar bills

Sembcorp Industries said on Friday that one of its overseas majority-owned wastewater-treatment joint ventures was served with a further claim related to an alleged discharge of off-specification wastewater.

It noted that in its fiscal 2017 financial statements, it disclosed a provision of S$25.4 million related to the incident.

“The joint venture has now been served with a further claim relating to the same matter,” Sembcorp Industries said in a filing to SGX after the market close on Friday. “The joint venture is seeking legal advice, and will defend itself against the claims and/or claim amount.”

It said that Sembcorp Industries’ proportionate share of the total potential fines and claims could be up to S$100 million, including the provision already made.

Sembcorp added that it was “committed to responsible operations.”

The joint venture was not named in the fiscal 2017 results, which referred to it as an “alleged environmental offence,” and citing the potential for fines and claims.

 

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