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Lesso Group expects consolidation in China's plastic pipe sector

By: Steve Toloken

Signs of a more difficult market for plastic pipe in China have not apparently caused major problems for pipe maker Lesso Group Holdings Ltd., which reported that sales in the first half of the year rose 18 percent to 5.692 billion yuan ($929.2 million) and profits rose 13 percent to 678 million yuan ($110.7 million).

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