ORIX Corporation, Toray Industries, Inc., and China Water Affairs Group Limited have apparently declared to have formed a strategic alliance to undertake aquatic environment and water treatment projects in China.
In addition to fostering a drastic shift toward drinkable tap water, the collaboration intends to provide water treatment membrane technologies for revamping the existing and upcoming wastewater treatment plants, cite trusted sources. Notably, China Water Affairs Group plans to utilize Toray’s superior membrane filtration technology to operate water supply facilities and facilitate the transportation of drinking water to city halls, schools, and residences in several regions of the nation.
Toray, which has been active in Chinese markets since 1980s, is a global water treatment membrane producer offering membrane bioreactor (MBR), microfiltration (MF), ultrafiltration (UF), nanofiltration (NF), and reverse osmosis (RO).
Reportedly, the rising concentration of population in the urban areas coupled with swift economic progress has resulted in environmental pollution turning worse in China. The government, in response, has revised environmental protection regulations in the year 2015.
For the record, China Water Affairs Group is a water treatment firm that operates sewage facilities in more than 20 regional cities and water supply plants in over 50 regional cities in China. In addition to handling infrastructure management projects, the company has invested in state-owned establishments under the aegis of local authorities equipped with water and sewage treatment facilities.
For the uninitiated, ORIX Corporation has been investing in China Water Affairs Group since 2011 with an aim to establish itself as the foremost stakeholder of the Group. Touted as China’s first leasing firm, ORIX supports the business expansion of China Water Affairs Group.
Sources familiar with the development claim that the alliance further aims to expand wastewater treatment and water purification technologies to bridge the gap between rural and urban regions.