Gezhouba bets big on green industries

Traditional business sectors of State-owned companies are facing serious overcapacity

China Gezhouba Group Co, a company that worked on the construction of the Three Gorges dam, is aiming at the waste management sector to continue its growth, as overcapacity caps most of its current businesses.

Executives of the State-owned firm said technologies that use household waste to make cement and cinders for highways could become a cash cow for the Wuhan-based company.