Kangbo Solid Waste

About Kangbo Solid Waste

Jiangsu Kangbo Solid Waste Treatment Co., Ltd., established on September 15, 2006, operates as a provider of industrial solid waste treatment services. The company is located in the Changshu Economic and Technological Development Zone in Suzhou, a region with a high concentration of chemical and pharmaceutical companies that generate hazardous waste.

In a significant milestone, Yonker Environmental Protection Co., Ltd. announced its intention to acquire a 70% stake in Kangbo Solid Waste for 595 million RMB in April 2020. This acquisition was part of Yonker's strategy to expand its footprint in the hazardous waste treatment sector. The transaction was completed, making Kangbo Solid Waste a holding subsidiary of Yonker Environmental Protection. Subsequently, in May 2022, another equity transfer valued at 255 million RMB took place, with Yonker Environmental Protection as the acquirer, resulting in a post-investment valuation of 850 million RMB for Kangbo Solid Waste.

The core of Kangbo's business is the collection, storage, and incineration of hazardous industrial waste. The company holds a hazardous waste operating license from the Jiangsu Provincial Department of Ecology and Environment, permitting it to handle a wide range of waste categories. Its facility has a licensed annual disposal capacity of 30,000 tons. The business model is centered on charging industrial clients for the disposal of their waste materials. The primary client base is located in cities such as Nantong, Suzhou, Yangzhou, Nanjing, and Wuxi. In addition to its main disposal services, the company also provides industrial analyzers, digital viscometers, and soil heavy metal analyzers, along with equipment inspection and maintenance services.