GF Piping Systems, a division of GF, announces today the acquisition of PT Eurapipe Solutions Indonesia. It offers a unique platform for further growth in this important country.
PT Eurapipe has a strong reputation as high-quality producer of pipes and fittings made from Polyethylene (PE). The company, located in Karawang, 80 kilometers east of Jakarta, holds a leading position in the mining business and other water related market segments. The acquisition strengthens GF Piping Systems’ position in South East Asia in line with the strategy of the division to expand in growth markets.
PT Eurapipe Solutions Indonesia was founded in 1992, became part of Tyco and thereafter Pentair. In early 2015 it was transferred to an Australia-based private equity fund. PT Eurapipe generated in 2015 sales of about USD 20 million with a workforce of approximately 100 people. GF acquired 100 percent of the outstanding shares and will rename the company GF Indonesia after taking ownership. The parties have agreed not to disclose financial details of the transaction.
“We are pleased to welcome PT Eurapipe in the GF family”, says Yves Serra, CEO of GF. “We look forward to continuing to serve existing customers and partners to the same high standards. We will further expand the company in Indonesia and in the region, working together with the entire team of PT Eurapipe.”
GF Piping Systems is a leading supplier of piping systems made of plastics and metal. The division focuses on system solutions and high-quality components for the safe transport of water, gas and chemicals in the industry, utility and building technology sectors. Its product range includes pipes, fittings, valves, sensors and automation as well as jointing technologies and covers all water cycle applications. The division operates worldwide more than 30 production facilities, and supports its customers in over 100 countries through its own sales companies and representative offices.
Source: Georg Fischer
BASF will build a commercial scale battery recycling black mass plant in Schwarzheide, Germany. This investment strengthens BASF’s cathode active materials (CAM) production and recycling hub in Schwarzheide. The site is an ideal location for the build-up of battery recycling activities given the presence of many EV car manufacturers and cell producers in Central Europe.
Clariant says it is reducing its number of businesses from five to three, by merging units, under a reorganization that is in line with the company’s purpose-led strategy and cultural transformation. The moves will position Clariant for long-term sustainable growth, the company says.
Chemicals & plastics industry has the most diversified end-use market across all manufacturing industries. The industry returned to growth in 2021 but a supply chain crunch prevented it from becoming stronger. The market is likely to stabilize in the second half of 2022 with a supply-demand balance.