Check out this video of Xylem’s intervention in last year’s Thai cave disaster
Last summer, watchers all over the world focused on a dramatic story playing out in Thailand. A football (or soccer) team of young Thai boys and their coach had become trapped in underground caves following a bus accident – and the race was on to rescue them before it was too late. Many experts wondered whether it could be done. Patrick Decker, CEO of Xylem Inc., did not. Instead, he committed his company to help save the day – and now, courtesy of Xylem, we have an insider video of the rescue mission that really demonstrates the company’s capabilities.
How Xylem helped to save the day in Thailand last year:
Xylem’s share price has appreciated by 11% so far this year
Source: Yahoo Finance
At the time, Decker summed up his reaction to the news in a Singapore interview: “When we heard the boys were found and began to see the visual imagery on TV of the water conditions and what it looked like in the cave, and I saw these hoses with water pouring out of them, I thought, ‘We need to get somebody there to be sure they’re getting maximum water out of these pumps.’”
Decker wasn’t the only person to offer help – famously, billionaire Elon Musk wanted to use a micro-submarine. Although this idea was rejected by people on the ground (which, even more famously, led an irate Musk to brand one of the on-site divers as ‘pedo-guy’). But there’s no doubt, Xylem’s tech was a major factor in getting the kids and their coach out. Yet more proof that, when it comes to water crises, Xylem is the name to know.
Dominion holds Xylem Inc. in its Global Trends Managed Fund.
If you would you like to receive the Newsfeeds daily, please click here to sign up now!Help us make this Newsfeed better by rating this article. 1 star = Poor and 5 stars = Excellent
- Click here to print this story: Print
The views expressed in this article are those of the author at the date of publication and not necessarily those of Dominion Fund Management Limited. The content of this article is not intended as investment advice and will not be updated after publication. Images, video, quotations from literature and any such material which may be subject to copyright is reproduced in whole or in part in this article on the basis of Fair use as applied to news reporting and journalistic comment on events.