GF Piping Systems divests a non strategic asset in China
With about 50 employees, Central Plastics Tianjin Ltd manufactures bitumen-based anticorrosion products that are not part of the core business of GF Piping Systems.
The Bitumen anticorrosion tapes are used to protect metal pipes against rust and they are manufactured primarily for the Chinese market. The company, located in Tianjin, China, was part of Central Plastic Group, USA, acquired by GF Piping Systems in 2008.
The current management, in place since the establishment of the company, has the necessary know how to continue the business in the following years.