Radius Group, the multinational market leader in pipeline infrastructure solutions for district heating, gas and water transportation are pleased to announce the establishment of an exciting new Joint Venture with Jielin Plastic Pipe Manufacture Co Ltd based in Zibo, Shandong Province, China. Radius Group will be the majority shareholder and the Joint Venture will focus on the production of reinforced pre-insulated flexible pipes for the District Heating market in China and will operate under the name Radius (Shandong) Piping Systems Ltd.
Andy Taylor, Radius Group CEO, said: "We are overjoyed and excited to partner with Zibo Jielin Plastic Pipe Manufacture in establishing this exciting new opportunity. District heating is a core segment for Radius Group and through this manufacturing partnership we will deliver a state-of-the-art pipeline solution which will benefit the Chinese District Heating market. Zibo Jielin Plastic Pipe Manufacture is a leader in the production of plastic pipe for district heating, gas and water applications. Their pipe manufacturing capabilities, knowledge, quality and leading position in the Chinese market, combined with Radius Group's unique product proposition in reinforced pre-insulated flexible District Heating pipe systems will create a strong market player. Our expectation levels are high for this new and exciting venture and we look forward to working with our partners."
Liu Hongbo, CEO, Zibo Jielin Plastic Pipe Manufacture added: "I am very excited at the prospect of this collaboration with Radius. Radius' highly advanced production technology, outstanding R&D capabilities, management expertise and experience in developing value makes them one of the largest manufacturers of plastic pipes and fittings in Europe and therefore a perfect partner for Zibo Jielin. Through the establishment of this JV both parties will benefit from outstanding synergy opportunities. Our combined product proposition is unique and will accelerate the replacement of steel pipes in the district heating network. As a result, our JV company will contribute to the energy saving and the carbon emission reduction in the district heating industry in China."
Zibo Jielin Plastic Pipe Manufacture Co Ltd is a leading manufacturer of pipe and fittings for gas, water and district heating applications for the utility and construction industries. The company operates from 2 locations in the provinces of Shandong and Jiangsu.
Radius Group is the market leader in engineered polymer products in the CIS and the largest producer of polyethylene pipes and fittings in Europe. The Group is the market leader in polymer composite materials supply to the automotive, white goods and building materials sectors in the CIS where it is also the leading manufacturer of District Heating Solutions. The Group operates from 20 plants and exports to more than 50 countries worldwide has an annual turnover of c.€1bn and employs in excess of 7000 people.