The feasibility of utilizing industrial waste to produce soil stabilizer with high added value is discussed from technical effect, economic benefit and production and management mode. Principle of design of the stabilizer with industrial waste is offered based on the properties of stabilized soil structure formation and its special demand on stabilizer components; the examples of the stabilizer composition are presented, and the performance/cost ratio of the stabilizers are compared with that of cement. Reasonable production and management mode for industrially producing the stabilizer with industrial waste is discussed also. It is suggested that as long as appropriate industrial waste is selected intentionally to meet the special demand on the stabilizer composition needed to form stabilized soil structure, the soil stabilizer with high performance/cost ratio can be obtained. It is advised that the stabilizer should be designed individually according to the properties of the soil to be stabilized, the stabilizer should be produced with the production mode of mixing multi-components and adopt the management pattern of incorporating designing, production and sale.