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Centiuum forms joint venture with South Korean firm

The Laguna Hills-based company will provide environmental support for underground storm drain installations.

By Caitlin AdamsPublished: January 04, 2011 01:23 PM

Laguna Hills-based sustainable engineering firm Centiuum Holdings, a subsidiary of MC Endeavors Inc., has formed a joint venture with South Korea's OneSource Co. Ltd., the country’s premier outsourcing firm with offices in Seoul and Hong Kong.

Centiuum’s role in the partnership will be to support the installation of underground storm water retention chambers manufactured by StormTech LLC for environmental drainage projects in South Korea.

Richard Sohn, COO of MC Endeavors and Centiuum Asia, said the projects represent a savings for the municipalities that implement them.

“These projects will save cities millions of dollars in real estate that they are now spending on open ponds to store the rainwater runoff,” he said. “These economically installed underground systems will set the standard in storm water retention for other cities to follow throughout Asia.”

The next project that the firms plan to collaborate on is the installation of StormTech chambers for water retention and storage under a new soccer stadium field in the city of Inchon, said Sohn. The project covers 166,000 cubic meters at an installed cost of $22 million.

"(OneSource Co.'s) partnership with Centiuum Holdings Asia in Seoul is a very good match for both companies because of Richard Sohn’s networking experience within both the federal and provincial government departments and our government services contracts that we have in place already,” said Luke Park, COO of OneSource Co.

He said the company also will support business development with Centiuum's marketing staff to promote and install the StormTech water drainage systems in Korea and Malaysia.

MC Endeavors, a Florida-based developer, acquired Centiuum Holdings early last month.

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