Asset International: Investment to increase pipe output

Specialist pipe manufacturer Asset International is planning to increase its output by 50% with a EURO 222,000 investment at its plant in Newport, South Wales. The firm makes large diameter PE pipes under licence from Finnish company KWH. General manager Simon Thomas said the investment was for new tooling developed by the Finnish firm. He said the investment would add 10 jobs to the firm’s 30-strong workforce. Asset’s products include 3 metre diameter pipes for flood alleviation and storage tanks for storm water and sewage. He said turnover had increased from EURO 741,000 in 1996 to around EURO 7.4m today. The company moved into new purpose-built premises last year.

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