Golan Plastic Products

Company Overview

Snapshot

Founded in January 1964, Golan Plastic Products operates with 51–200 employees. The company has raised $15.84 million across one funding round. A significant milestone was its Initial Public Offering on the TASE in January 2005.

Business overview

Golan Plastic Products (GPP) is a manufacturer of PE-X pipe systems, primarily serving the residential, infrastructure, and industrial sectors. The company's core product line, marketed under the PEXGOL trade name, consists of cross-linked polyethylene pipes designed for high temperature and pressure resistance, abrasion and corrosion resistance, and extended lifespan. GPP's offerings provide advantages over traditional HDPE and steel pipe alternatives, catering to markets such as construction, water utilities, and municipalities.

Strategic signal

In September 2005, Golan Plastic Products completed an Initial Public Offering, raising NIS 56.6 million (approximately $15.84 million). This IPO enabled the company to invest in new production lines and equipment, signaling a strategic focus on expanding its manufacturing capabilities and market share, particularly in North America and Europe. This move underscored the company's commitment to growth through overseas activities and product development within the plastics industry.

Company Intelligence Q&A

When did Golan Plastic Products go public?

Golan Plastic Products went public with an Initial Public Offering on the TASE in January 2005.

What was the capital raised during the IPO?

Golan Plastic Products raised $15.84 million during its Initial Public Offering in January 2005.

What are Golan Plastic Products' primary products?

Golan Plastic Products' primary products are cross-linked polyethylene (PEX) pipe systems, marketed under the trade name PEXGOL.

Which markets does Golan Plastic Products serve?

Golan Plastic Products serves the residential, infrastructure, and industrial sectors, with a focus on applications like heating systems, sanitary installations, and various industrial uses.

What are the key advantages of GPP's products?

GPP's PE-X pipe systems offer high temperature and pressure resistance up to 110 degrees Celsius, high abrasion and corrosion resistance, ease of transport and installation, lower maintenance costs, and an extended lifespan compared to HDPE and steel alternatives.