Consolidated Water rings Nasdaq bell to mark 50th anniversary

Consolidated Water marked the 50th anniversary of the founding its Cayman Islands operations with a special ringing of the opening bell at New York’s Nasdaq Stock Exchange earlier this month.

Consolidated Water’s chairman of the board, Wil Pergande, in a statement, said, “During my 45-year tenure as a director of the company, I’ve witnessed our growth from a small water utility in Grand Cayman to now a multinational company with operations across the continental U.S., Hawaii and the Caribbean, and more than $100 million in annualized revenue.

“Now in our 28th year trading on Nasdaq, I’m very pleased to say the best is yet to come.”

In his address at the 14 Aug. event, Pergande said the top priorities have always been to take great care of customers and deliver the highest level of products and services.

“We take this responsibility seriously, since our beginning, Consolidated Water has pursued a focused mission of providing the highest quality water services to areas of the world where the supply of potable water is scarce. We have pursued this with the recognition that water is the most precious resource in the world,” he said, adding that the company currently produced more than 25 million gallons of potable water daily from 11 seawater desalination plants.

It also provides, he said, important environmental stewardship through 27 wastewater treatment facilities.

Consolidated Water has come a long way from its humble beginnings.

“This [was] highlighted by our recent win of $204 million contract to design, build, and operate a seawater desalination plant in Hawaii. The plant will represent our 24th desalination plant we have constructed worldwide and our first desalination plant in the U.S,” he added.

Last month, Consolidated Water announced it entered the US desalination market with the contract to design, build, operate and maintain a seawater desalination plant in Hawaii.