Industry statistics report that China is the fourth largest economy in the world - behind the United States, Japan and Germany - with construction spending now estimated at $400 billion per year, the company stated, fueled largely by new residential, commercial and institutional construction projects.
“The rapid pace of new construction, coupled with China's focus on improving air quality by reducing its reliance on coal-based heating sources, creates great prospects for Weil-McLain's natural gas and oil boilers,” said Gregg Black, Weil-McLain's vice president of human resources.