Product category:
Ground Engineering
News Release from: Tensar International
Edited by the Buildingtalk Editorial
Team on 13 July 2005
Tensar share in Chinese joint venture
Tensar meets continuing demand with purchase of partners' share in chinese joint venture
Tensar International, specialists in ground stabilisation and soil reinforcement solutions, is meeting continued demand from the civil engineering sector by buying out the GBP15 million manufacturing unit in China it had set up as a joint venture Jim Paul, Chief Executive of Tensar International commented: "2004/2005 saw record volume sales from our Shadsworth factory in Blackburn, and demand has continued in 2005 well above forecast levels
This article was originally published on Buildingtalk on 15 Jul 2003 at 8.00am (UK)
Related stories
Toome Embankment Reinforced With Tensar Basetex
A design option from Tensar International, using Basetex basal reinforcements, was adopted to provide a competitively priced solution in this design and build target cost contract in Northern Ireland.
Safety and Stability For Piling Rig Platforms
Safety and stability are of paramount importance for Royal Docks piling rig platforms with Tensar Geogrids.
This has put enormous pressure on the factory, and on delivery times.
"To alleviate this, we have completed the full purchase of the plant in Hubei Province, China, that we had been developing as a joint venture with our Chinese partner to supply the rapidly growing national market.
This will give us an immediate 40% increase in production capacity after start up at the end of July.
Once full production volume is achieved, we will more than double our current capacity".
"With our UK investors - 3i and Electra - we agreed to buy out our Chinese partners, so we now have the freedom to develop the plant and to supply areas outside China.
Full Tensar ownership also means we can guarantee the same quality, inspection and control standards that our customers expect world wide.
With many important and well publicised infrastructure projects in China in the next 4 to 10 years, as well as the Asia Pacific region in general, having the production capacity available locally will be highly advantageous.".
• Tensar International: contact details and other news
• Email this article to a colleague
• Register for the free Buildingtalk email newsletter
• Buildingtalk Home Page
Search the Pro-Talk network of sites
