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Article: Market leader emerges in FRP pipe.(GLOBAL NEWS: LATIN AMERICA)(fiber-reinforced polyester)(Inversiones Mundial S.A. acquires Amiantit Co. )(Brief article)
- Article from:
- Plastics Engineering
- Article date:
- November 1, 2007
- Author:
CopyrightCOPYRIGHT 2007 Society of Plastics Engineers, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Inversiones Mundial S.A., Medellin, Colombia, lays claim to being the largest producer of fiber-reinforced polyester (FRP) pipe in Latin America, after acquiring 70% of the manufacturing operations of Saudi Arabia's Amiantit Co. in Brazil, Argentina, and Mexico. The deal, valued at $11.5 million, was made through O-TEK Internacional S.A.., a division of Inversiones Mundial. The acquisition includes four plants: Amitech Argentina; Amitech Tubos Brasil; Amitech Mexico; and Amiantit Pipe Systems Mexico. ...