Bejing Sound Group signs ¥100M waste treatment deal

Inner Mongolia, China-based Beijing Sound Group said it has invested ¥100 million ($14.7 million USD) to build a new plant to address the country's large wastewater-treatment problems.

The company's newest facility is being designed to process 500 tons of waste materials a day to address the large infrastructure needs. 

Beijing Sound Group is targeting a growing market, thanks
to government policies. China says it has spent around $3
billion to build wastewater treatment plants since 2001, when it won the bid to
host the 2008 Olympics, according to published reports.

The government's policies also moved polluting and
water-intensive industries out of the cities, and reduced the use of
pesticides and water by farms.

China has directed much of that money to build wastewater treatment facilities in the country's poorest regions—such as Inner Mongolia, and Yunnan and Jilin provinces—where many of Beijing Sound Group’s treatment facilities are located.

China’s relatively new wastewater treatment industry is dominated by township and village industrial enterprises. That should change over the next few years as trade barriers come down and foreign competitors have an opportunity to enter the market with new technology and services, according to analysts.

With China’s proposed entry into the World Trade Organization, Beijing Sound Group is expected to face increased competition as foreign competitors enter the market, according to a recent Frost & Sullivan report.

Water shortage and environmental pollution are huge challenges facing China, according to International Finance Corporation. The addition of wastewater treatment plants are expected to improve public health by reducing water-borne diseases.

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