Heckmann Looks To Grow With China Bottles

Heckmann Corp (HEK) owns a 48% stake in China Bottles. China Bottles recently submitted to the SEC that they had “comprehensive income” of $8.8M and $7.7M in net income, on $38.3M in revenue, for the first 6 months of this year.  China Bottles is aiming to double capacity by 2010.

This is due, among other reasons, to their estimate that the PET packaging industry will have a 9% CAGR between now, and 2015.

Everybody should check out the new amendment to the S-4 filed by Heckmann Corp, as well as the 10-Q.

In case you haven’t found it yet, http://www.heckmanncorp.com is the official website.

Comments

[DIGGER:]

For one not well versed in the nomenclature, what is the true meaning of the company's S-4 filing and is this a positive or a negative?

2008 Aug 25 10:13 AM