Duoyuan Global Taps Into Huge Market
Elyse Andrews, Cabot Headline News
November 06, 2009
Duoyuan Global Water (DGW) is benefiting from China’s increased spending on cleaning up its water supply, according to Investor’s Business Daily.
The stock came public on the Nasdaq in June and it has nearly doubled since then, IBD reported. The company was founded in 1992 and has made money every year.
According to IBD, 30 of China’s 32 largest cities have water shortages and many of the country’s lakes and rivers are polluted. Thus, there is a huge market for Duoyuan’s water treatment products.
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