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Railway construction to boost China's geotextile industry

13 Aug '13
1 min read

The construction of railway, particularly in China’s central and western regions, would 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 would be invested for water conserving projects, which provide a broad market for the geotextile industry.
 
From January to May this year, the railways invested 132.2 billion yuan, up 25.4 percent year-on-year, increasing the pace of growth of geotextile sector.
 
At present, China’s central and western regions will be investing in railway construction, which would provide an important direction and sustained momentum for the development of the geotextile industry.
 
Since the beginning of 2013, the orders with geotextile companies are relatively full and profits are better.
 
Ling County in Shandong province is China’s largest geotextile production base. Here, geotextile production rose by 20 percent to 6.49 billion yuan this year, with profit increasing by 8 percent 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 of the geotextile sector.
 

Fibre2fashion News Desk - India

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