New Strategic Partnership Formed for Water Treatment Project in China
TOKYO, Japan – June 27, 2018 – Toray Industries, Inc. (“Toray”), ORIX Corporation (“ORIX”), and China Water Affairs Group Ltd. (“China Water Affairs”), which is engaged in water and sewage businesses in China, announced the conclusion of a strategic partnership to undertake water treatment and aquatic environment projects in China.
With the recent rapid economic development in China and concentration of the population in urban areas, environmental pollution is getting worse. In response, the government has been strengthening environmental regulations, for example revising the environmental protection laws completely in 2015.
Quantitative and qualitative water shortages are also becoming a significant issue. Due to a management model of water supply and deterioration of water supply facilities such as piping, tap water tends to be drunk by once coming to the boil, and the demand for improved quality is rapidly increasing for sewage and industrial wastewater, too.