China Tianying
Heavy Industry, Machinery & ChemicalsHaian · Yangtze River Delta
Business focus
Heavy Industry, Machinery & Chemicals
Description
China Tianying Inc. is a Chinese waste operator that in 2018 acquired Madrid-based Urbaser for RMB 8.9 billion (about $1.4 billion) — the sector's largest overseas deal at the time. Urbaser served over 70 million people in 25 countries, including new markets Vietnam and Singapore, with 50,000+ staff. In 2021 Tianying sold Urbaser to Platinum Equity for roughly $4.2 billion, ending its run as the most internationally present Chinese waste firm.