China Water Affairs, Orix and Toray form JV for direct drinking water equipment

China Water Affairs Group, Orix Corporation and Toray Industries formed a joint venture, Jiangxi Yinli Drinking Water Equipment Co., Ltd., to produce direct drinking water equipment using Toray's membrane filtration technology. The registered capital is RMB 50 million, with total investment of RMB 120 million.

“Yinli Direct Drinking Water Equipment is the first project under their agreement.”chinawatergroup.com

• 2 sources
• chinawatergroup.comChina Water Affairs Forms JV with Orix and Toray – 中國水務集團Feb 21, 2019
• asia.nikkei.comOrix and Toray team up on water treatment business in China - Nikkei AsiaNikkei staff writersMar 3, 2019

Summarized from public sources; check the original articles before acting on it.