In February 2018, Garden City Geotech Pty. Ltd. was purchased by Atarfil. As part of the acquisition, Atarfil's portfolio of products expanded through the inclusion of quality HDPE geomembranes and augmenting its customer base in Australia. By combining Garden City Geotech's state-of-the-art factories with local expertise, Atarfil solidified its position as a geosynthetics leader. The move also strengthens Atarfil's commitment to green infrastructure through its delivery of alternative solutions for the management of waste, water storage, and environmental protection. This strategic move not only reaffirms Atarfil's market strength but also underscores its commitment to facilitating sustainable growth using durable, environmentally sound geosynthetic technology in critical infrastructure applications.
In 2017, Groupe Solmax purchased GSE Environmental, Inc. Through this strategic buyout, Solmax was able to significantly increase its production capacity and expand its product offerings. This strategic buyout gave Solmax access to the advanced technologies and expertise of GSE, allowing Solmax to establish a solid presence in the geosynthetic industry. By widening its global distribution network, Solmax was able to expand its reach to markets across the world and reinforce its position as a leader in environmental protection products. This acquisition aligned with Solmax's purpose of providing innovative, eco-friendly geosynthetic solutions, particularly in industries such as mining, water confinement, and waste management. The shift impacted Solmax's attempt at claiming its place as a top market player for geosynthetics globally profoundly.
In 2017, Atarfil initiated a new factory production plant in Virginia, the United States of America, specifically to manufacture HDPE and LLDPE geomembranes. This strategic investment aims at augmenting Atarfil's position in North America and serving the region's accelerating demand for geosynthetics of superior quality. The new factory will have a significant contribution to civil engineering in the supply of new and innovative materials for waste management, water storage, and environmental protection projects. Through the establishment of the local manufacturing hub, Atarfil enhances its capacity to serve customers better, offering long-term and sustainable solutions to meet different infrastructure needs. The factory shows that Atarfil is serious about innovation and seeks to be among the best suppliers of geosynthetics in North America's civil engineering market.
The geomembranes industry was estimated around USD 7.8 billion during the year 2023 and is expected to register a compound annual growth rate (CAGR) of around 6.5% from 2024 to the year 2030.
The increasing volume of industrial as well as municipal waste throughout the world is one of the most significant factors for the application of geomembranes in waste management and municipal authorities as well. Moreover, fast growth in pisciculture or fish farming and agriculture is likely to further increase demand for geomembranes. Growing emphasis on environmental regulations, the use of sustainable strategies in construction activities and civil engineering projects, and improvements in the technology of materials are also the key drivers of the growth in the geomembrane industry.
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