HongKong:1397

Baguio Green's 2022 Net Profit* Increased by 3.2 times, Contracts On Hand Recorded a Historical High with a Surge of 67% to HK$3.6 billion

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星期四, 三月 30, 2023
HK, GREEN, New Territories, Recycling, Canadarm, Metal, Food, Waste management, The Group, HKSAR, Francisco Menéndez (black soldier), Food and Environmental Hygiene Department, Youth Development Commission, HKSAR Government, Wong Tai Sin, The Hong Kong University of Science and Technology, Producer, Environmental Protection Department, Government, Bioconversion, Municipal solid waste, National Biodiesel Board, Collection, Central & Western District R&SA, Manure, Biophysical environment, Vending machine, Growth, ESG, MSW, Social, Hand, EPD, FEHD, Legislation, Airline

In 2022, new contracts awarded to the Group amounted to a total of HK$3.08 billion.

Key Points: 
  • In 2022, new contracts awarded to the Group amounted to a total of HK$3.08 billion.
  • As a result, the Group recorded a historical high for its contracts on hand of approximately HK$3.59 billion (as of 31 December 2022), representing a surge of approximately 67.3%.
  • During the Year, the Group secured a number of service contracts worth approximately HK$1.99 billion in total for street cleansing services.
  • Mr. Ng Wing Hong, Chairman of Baguio, commented, "2022 marks a year with outstanding result performance with net profit* substantially increased by 3.2 times and contracts on hand recorded a historical high since Baguio established 43 years ago.

Baguio wins EPD contract to provide Smart Recycling Machines with a Big Data Analytics Platform

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星期一, 二月 20, 2023
Environmental Protection Department, Recycling, Research, Youth Development Commission, HKSAR Government, Platform, Internet, Carbon, Government, GREEN, Paper, School, HKSAR, ESG, Canadarm, EPD, The Platform, Plastic, SRM, Collection, Airline

This Contract marks a significant milestone for Baguio in its development of smart technology solutions for green initiatives.

Key Points: 
  • This Contract marks a significant milestone for Baguio in its development of smart technology solutions for green initiatives.
  • The Company draws upon its invaluable collection experience in designing the SRM to help bring recycling in Hong Kong to the next stage.
  • The SRMs are connected with the EPD's GREEN$ Electronic Participation Incentive Scheme to incentivize people with GREEN$ points for recycling.
  • The Platform will also analyze transaction data to help the Government strategically deploy recycling resources at the right time and place to maximize effectiveness.

Baguio wins EPD service contract worth HK$37 million to provide food waste collection services in New Territories West

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星期一, 一月 16, 2023
Kowloon, Recycling, EPD, MSW, Statistics, Government, HKSAR, Collection, Environmental Protection Department, Municipal solid waste, New Territories West (constituency)

Winning this EPD contract highlights Baguio's position as Hong Kong's market leader in food waste collection.

Key Points: 
  • Winning this EPD contract highlights Baguio's position as Hong Kong's market leader in food waste collection.
  • Among the four EPD's recyclable food waste collection service contracts, Baguio has secured half of them (including this contract and Kowloon District contract awarded last year).
  • Under this EPD contract, Baguio will collect approximately 12,000-20,000 tonnes of food waste in total during the contract period.
  • Ms. Ng Yuk Kwan Phyllis, CEO of Baguio, said, "We are pleased to be awarded the New Territories West food waste collection contract after winning a similar contract covering the Kowloon district last year.