New Tigre, ADS JV aims to open more doors for Tigre in US

By Catherine Kavanaugh
Staff Reporter

Published: April 16, 2014 12:15 pm ET
Updated: April 16, 2014 12:21 pm ET

Related to this story

Topics Construction, Mergers & Acquisitions, Injection Molding, Pipe/Profile/Tubing, United States, Latin America

A new joint venture between Tigre S.A. Brazil, a leading PVC pipe maker, and Advanced Drainage Systems Inc., the world’s largest high-density polyethylene pipe producer, seeks to open more doors into North American markets for the Latin American company.

The new entity, Tigre-ADS USA Inc., formed through an April 7 business agreement inked just days after ADS announced plans for an initial public offering.

The JV, made public April 15, involves Tigre’s manufacturing facility in Janesville, Wis. Tigre has been injection molding pipe fittings at the plant since a 2007 JV with Freedom Plastics. Freedom Plastics went out of business in 2009.

In the latest partnership for the site, Tigre-ADS USA, will continue to offer its current product line of PVC fittings for the waterworks, plumbing and building heating and cooling systems markets as it seeks to expand its customer base.

“Our relationship with ADS will allow for broader access to the U.S. and Canadian markets,” General Manager Fabricio Rubine said in a statement. “...We are very excited about this tremendous opportunity.”

ADS has 48 factories and 19 distribution centers located in all 50 states, giving it a solid U.S. market presence. The company also has manufacturing plants in Canada and runs joint ventures in growing areas of Mexico and Central and South America.

In January, ADS started up a second HDPE pipe plant in Brazil with Tigre as its JV partner to meet demand for infrastructure products in rapidly expanding areas of South America.

ADS sells more than $1 billion worth of pipe a year. The company produces mostly corrugated HDPE pipe for drainage systems and storm sewers but it also makes polypropylene pipe for storm and septic chambers. It has a global network of 59 plants and 28 distribution centers.

Tigre makes PVC pipe, fittings and accessories for building, infrastructure and irrigation markets. It has 24 facilities, including 10 in Brazil and 14 outside the country.


Comments

New Tigre, ADS JV aims to open more doors for Tigre in US

By Catherine Kavanaugh
Staff Reporter

Published: April 16, 2014 12:15 pm ET
Updated: April 16, 2014 12:21 pm ET

Post Your Comments


Back to story


More stories

Image

Plastic Omnium makes China investment push

February 26, 2015 4:35 pm ET

Three of the six new plants that automotive molder Plastic Omnium SA plans this year will be in China, part of a broader push it’s making in...    More

Image

German molder picks North Carolina for US manufacturing plant

February 26, 2015 4:21 pm ET

German medical goods company Raumedic AG has chosen Mills River, N.C., for its first U.S. manufacturing site and U.S. headquarters.    More

Image

Ferro acquires TherMark Holdings for $5.5 million

February 26, 2015 12:15 pm ET

Ferro Corp. said it acquired privately held TherMark Holdings Inc., a laser marking technology company, for $5.5 million in cash.    More

Image

Serbia puts Krušik-Plastika up for sale

February 26, 2015 11:39 am ET

The Serbian Privatization Agency has launched the privatization process for local plastics maker Krušik-Plastika. The agency says it is...    More

Image

3i to sell specialty chemicals company Azelis to Apax Partners

February 26, 2015 11:36 am ET

Azelis Holding SA, the specialty chemicals distributor, is being sold by its private equity owners 3i Group plc to another private investment outfit, ...    More

Market Reports

Flexible Packaging Trends in North America

North America represents about 30 percent of the global consumption of flexible packaging. Annual growth in this region is forecast at 4 percent during the next 5 years.

For more insight on growth opportunities, drivers of growth and the outlook for 2015, download this report.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 billion plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Upcoming Plastics News Events

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events