CITIC Envirotech's Subsidiary Memstar Installs New Membrane Production Plant

Singapore: Memstar, a Singapore based company, involved in the manufacturing of high-end hollow fiber membranes and membrane products, has invested USD25 million in its new membrane research and development center and manufacturing unit in order to supply high performance water solutions globally. The Singapore Economic Development Board (EDB) supports installation of this new plant, which was initiated during Singapore International Water Week 2016. It is estimated that with the accomplishment of new production plant, the production capacity of the company’s patented 3rd generation Thermally Induced Phase Separation (3G-TIPS) membranes will be doubled to 10 million sq.m. annually. The company has various facilities in the cities of Sichuan, Jiangsu and Beijing in China, but the new facility is the only production site for these high-tech membranes. The new technology center is designed to meet the increasing demand for membrane based water filters across the world.

TechSci Research depicts that establishment of a new production plant by Memstar is expected to strengthen the company’s competitiveness in the international market and improve the position of the company in the global water purifiers market. In addition, creation of technical center near to the production site will enable the company to get all its new technologies tested quickly and commercialize it successfully. The establishment of membrane production plants would boost the sales of membrane based water purifiers in the country and globally.

According to the recent report published by TechSci Research, “Global Residential Water Purifiers Market By Technology, By Function, By Sales Channel, By Region, Competition Forecast and Opportunities, 2011 - 2021”, global water purifiers market is projected to grow at a CAGR of over 15% over the next five years, on account of capability to effectively treat source water with high TDS (Total Dissolved Solid). Increasing awareness regrading water borne diseases, rising disposable income and purchasing power of consumers is also fueling the global water purifiers market. Due to increasing awareness regrading water borne diseases, rising disposable income and purchasing power of consumers, use of residential water purifiers is expected to continue growing through, particularly in Asia-Pacific