Municipal water & sewer
Charlottesville, Va.-based private equity firm Quad-C Management Inc. has closed on an investment in Vortex Cos., a Houston-based supplier of trenchless infrastructure products and services in the United States and Europe.
The trade group Vinyl Institute says PVC pipe's safety, affordability and sustainability make it the best choice to replace old, leaky infrastructure.
Plastic pipe producers are in a good position to meet increasing demand as U.S. cities update drinking water and wastewater systems, but that's also bringing a new wave of criticism from environmental groups as $55 billion of federal money is spent from the Infrastructure Investment and Jobs Act.
Bruce Hollands, executive director of the Uni-Bell PVC Pipe Association, says the "best way to counter the misinformation in the Beyond Plastics report is with science and facts."
Siloam Springs, Ark.-based Pipelife Jet Stream Inc., the PVC pipes division of Johnson City, Tenn.-based General Shale Brick Inc., donated 15,000 feet of products to help two nonprofit groups bring access to clean running water to rural Alabama.
To accommodate growth, Teel is increasing wages by 10-15 percent across the board and ramping up its hiring efforts. The company now pays $19.10 an hour for starting day shift for 12-hour positions.
As lead service lines are replaced in America's drinking water systems, plastic pipe producers find themselves defending their products as safe, cost-effective and sustainable.
Investments in infrastructure such as water pipes and increased electric vehicle production should help buffer slowdowns from construction for PVC, says Vinyl Institute CEO Ned Monroe.
Extruders have been in high gear since the pandemic and now they are bracing for more orders for drinking water and wastewater projects.
Prize wheel maker ThermoPro Inc. also makes exercise equipment, medical devices and retail kiosks.
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