- Business
- Zhejiang Weixing New Building Materials Co., Ltd. (002372.SZ) manufactures and sells plastic pipes and fittings primarily for water supply, drainage, heating, and plumbing applications in China and internationally. The company offers PP-R, PE, polypropylene-random-copolymer, PE-Xb, F-PPR, and PP-R/AL pipes for home decoration water supply, urban water supply, high-temperature radiator heating, building hot and cold-water systems, air conditioning, water treatment, circulating water, and portable water distribution; PE corrugated, PVC-U, and PE pipes for sewerage; PB-R, PE-RT II, PE-RT I, PB, and PE-Xb pipes for heating; plumbing accessories including floor drains, water taps, angle valves, shower sprinklers, and hoses; and system solutions such as HDPE same-floor drainage, floor radiant heating, hot water circulation, SPM drainage, and central hydraulic balance systems, sold under the Vasen, Weixing, annette, and KALE brands. Founded in 1999 and headquartered in Linhai, Zhejiang Province, China, it operates production bases in Zhejiang, Shanghai, Tianjin, Chongqing, Xi'an, and Thailand, with exports to over 40 countries including Europe, Southeast Asia, South America, the Middle East, and Africa. Recent developments include the 2023 acquisition of a 60% stake in Zhejiang Kerui Building Technology Co., Ltd. for CNY 80.8 million to enhance building technology capabilities and a buyout of Fast Flow using its Vasen Singapore unit to bolster drainage design, high-end residential market expansion, and Southeast Asian presence via a new Thailand production base.