# 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.

- Type: Partnership
- Announced: 2019-02-21
- Where: China
- Value: $17.9M (120.0M CNY)
- Status: announced
- Products: direct drinking water equipment
- Sectors: [Water Treatment Equipment](https://endata.com/sectors/water-treatment-equipment.md)

## Companies

- [China Water Affairs Group](https://endata.com/companies/32771.md)
- [Toray Industries](https://endata.com/companies/4565.md) (partner)
- [ORIX Group](https://endata.com/companies/16153.md) (partner)
- [China Water Affairs Group](https://endata.com/companies/32771.md) (partner)

## Sources

- [chinawatergroup.com](https://www.chinawatergroup.com/2022/11/08/china-water-affairs-forms-jv-with-orix-and-toray/), 2019-02-21: "Yinli Direct Drinking Water Equipment is the first project under their agreement."
- [asia.nikkei.com](https://asia.nikkei.com/business/business-deals/orix-and-toray-team-up-on-water-treatment-business-in-china), 2019-03-03: "Orix will set up a joint venture with Toray Industries and a Chinese partner in March to make and sell equipment aimed at making China's low-quality tap water drinkable."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.