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Pipelife Divests its Shares in the Chengdu JV - China
Vienna, November 10, 2005
Pipelife and Chengdu Chuanlu New Chemical and Buildings Materials Group (in short Chuanlu) have signed an agreement today in which in a combination of different transactions Pipelife is divesting its Pipes and Fittings activities in Chengdu to Chuanlu, its Chinese JV partner. The transaction will be effective as of December 31st, 2005.

The other Pipelife activities in China (Nansha – CNN and Changzhou – CNU) remain untouched by this transaction.

With this divestment, Pipelife continues to pursue its strategy of concentration on markets it can achieve and sustain a leading position.

Pipelife is one of the world’s leading suppliers of plastic pipe systems, currently present in 26 countries. It manufactures and markets a wide range of quality pipe systems, providing tailor-made solutions for municipal infrastructure as well as for the industrial and house-building sectors. Pipelife is a JV between Solvay of Belgium and Wienerberger of Austria.

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Pipelife International GmbH
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