Amiantit

Amiantit

Grand Avenue Capital-Asia managed the sale of the Chongqing Polycomp International Corporation (CPIC) shares held by Amiantit (Saudi Arabia) and two other US-based Corporations. Grand Avenue Capital-Asia achieved a valuation for CPIC of $819 million. Amiantit markets a wider range of pipe products than any other pipe manufacturer, and provides a total solution to customers fluid transfer needs. The Group serves municipal, civil engineering, industrial, energy, and agricultural markets worldwide, supporting global infrastructure development. The Group comprises 30 pipe system manufacturing plants, 6 technology companies, 4 materials suppliers, and 8 supply and engineering subsidiaries, in a number of countries around the globe. In addition, an extensive sales and service network caters for the needs of customers in more than 70 countries around the world. Amiantit is headquartered in the Kingdom of Saudi Arabia, where its shares are listed on the Saudi Stock Exchange.