LOS ANGELES (March 29, 1:45 p.m. ET) — U.S. pipe extruder JM Eagle plans to break ground on a new pipe manufacturing plant in China's Hebei province on April 6, one of two plants the company is building in the country.
Los Angeles-based JM Eagle said in a March 29 announcement that it planned a ground-break ceremony for the facility, in the city of Langfang, to be attended by Walter Wang, president and CEO of JM Eagle, Zhang Qingwei, governor of Hebei and Zhao Shihong, secretary of the Langfang municipal party.
The announcement contained few new details on JM Eagle's previously-announced plans to build two plastic pipe manufacturing plants in China, although it noted that the Langfang plant is in response to increasing investment in water infrastructure in the country.
The American company is the world's largest maker of plastic pipe, but is only now beginning to invest in the rapidly-growing Chinese market.
The company said in a Feb. 22 announcement that the two Chinese plants would make PVC and HDPE pipe. JM Eagle has 22 plants in North America, with sales of US $1.8 billion.
Last year, the company said it planned to invest $400 million on three new plants in the country to make PVC pipe, HDPE pipe and energy-efficient steel-reinforced plastic doors.
