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Home Amiad Filtration Systems AIM Investor: Amiad (AFS)

AIM Investor: Amiad (AFS)

First published in AIM Investor: the Water sector on AIM: Cleantech magazine, Volume 6 Issue 6 - December 2012

Israel-based Amiad Filtration Systems has been producing water filtration systems for the industrial and irrigation markets since 1962. These systems do not use chemicals and require little or no electricity. Amiad’s self-cleaning filters use minimal amounts of back flush water and the systems enable collected water to be safely re-used for its original purpose.

The company’s core business segments are irrigation, industrial and municipal: newer markets are ballast water and oil and gas. Revenues from these operations were higher in the first half of 2012 than for the whole of 2011.  

Strategy is to focus on BRIC territories as well as some developed countries. In China, sales are primarily in the industrial and municipal segments and also large irrigation projects. Growth in India is primarily from industrial clients in sectors including power generation and steel manufacturing.

Recent projects awarded in Russia have included pre-fi ltration for reverse osmosis membrane protection for process water in Eastern Russia; and a project for iron ore removal from well water at a municipal treatment plant to produce potable water in Western Russia.


Water Sector Stock Performances 2012

 

Company
Mkt Cap (£m)
Share Price end Dec 2011 Share Price (12 Dec 2012) % change 2012
Amiad 66.78 225 397.5 76.7
Modern Water 33.2 49 56.5 15.3
MyCelx Technologies 32.95 240 255 6.3
Hydro International 17.6 129 125 -3.1
Water Intelligence 3.03 34 31.5 -7.4
Waterlogic 122.3 173 157.5 -9.0
Wasabi Energy Ltd 36.85 1.6 1.225 -23.4
HaloSource Inc 57.8 56 37 -33.9
Watermark Global  1531.37 0.23 0.145 -37.0
Origo Partners 47.75 35 13.375 -61.8
Nature Group 17.4 61.25 21 -65.7

 

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