MARSEILLE: December 21, 2016. CMA CGM is investing in French water bottler OGEU Group that includes a stake in a factory producing the company's Beaupré spring water, and a joint venture to distribute all of OGEU's products outside Europe.
Prompted by a growing demand worldwide for water, CMA CGM and OGEU plan to launch the new business initially in China where the two companies will promote and distribute OEGU's brands that include Plancoet, Chevreuse, Saint Lambert, Pyrenea and Saint Alix.
Jean-Hervé Chassaigne, OGEU president commented: "The combined expertise of our companies, the common vision of development and the values we share, are the foundations of this unprecedented and meaningful coming together of our two family groups."
CMA CGM has also announced the award of its 2016 Corporate Foundation prize to the Kayany Foundation based in Lebanon for providing schooling and psychosocial support to over 3,000 Syrian refugees aged six to 14 (right) since its founding in 201.
"One school year costs more than US$600 per child, excluding staff salaries," said founder and president Nora Joumblatt. "Hence the urgency to get funds from individuals and foundations to ensure the smooth running of the schools."
In partnership with the American University of Beirut, the Kayany Foundation has built four schools with nine classrooms each to teach children arithmetic, mathematics, sciences, languages and geography in both Arabic and English.
Naïla Saadé, president of the CMA CGM Corporate Foundation declared: "We wanted to honor Kayany for their involvement, since 2013, with the Syrian displaced and refugee children in Lebanon. And, in particular, Mrs. Nora Joumblatt, for her firm determination to save, through education, a whole generation of deprived children with no access to schooling."
According to a report published in July this year by Human Rights Watch, more than half of the nearly 500,000 school-age Syrian children registered in Lebanon are not enrolled in formal education.
Although the country, which is hosting 1.1 million registered Syrian refugees, has allowed Syrian children to enroll for free in public schools, limited resources and Lebanese policies on residency and work for Syrians are keeping children out of the classroom.