The construction of railway, particularly in China’s central and western regions, is set to boost China’s geotextile industry, according to China National Textile and Apparel Council.
The investment in national infrastructure development and the growth of geotextile industry are closely related.
Between 2010 and 2020, an amount of about 4 trillion yuan will be invested for water conservation projects, which provide a broad market for the geotextile industry.
From January to May this year, railways invested 132.2 billion yuan, up 25.4% year-on-year, increasing the pace of growth of the geotextile sector.
At present, China’s central and western regions will continue investing in railway construction, which will provide an important direction and sustained momentum for the development of the geotextile industry.
Since the beginning of 2013, orders place with geotextile companies are relatively full and profits are better, according to the council.
Ling County in Shandong province is China’s largest geotextile production base. Here, geotextile production rose by 20% to 6.49 billion yuan this year, with profit increasing by 8% to 530 million yuan.
Since the second half of 2012, the faster growth of environmental projects has also contributed to continued momentum and rapid growth in the geotextile sector.
Railway construction to boost China’s geotextile industry
Published August 13, 2013