1. Home
  2. Our Firm
  3. News
  4. Guggenheim Global Infrastructure Company Acquires Majority Stake in King Tech International Limited

Our Firm

January 06, 2012

Guggenheim Global Infrastructure Company Acquires Majority Stake in King Tech International Limited

CHICAGO – Guggenheim Partners today announced that its affiliate, Guggenheim Global Infrastructure Company, Limited (GGIC), has acquired a majority stake in King Tech International Limited (KTI), a leading asphalt rubber (AR) specialist in The People’s Republic of China.

Asphalt rubber is a mixture of crumb rubber (rubber powder) derived from scrap tires blended at high temperature with base asphalt that is used for paving roadways. Asphalt rubber reduces the need to burn scrap tires, significantly reducing carbon dioxide emissions. It also reduces paving time, increases pavement life, and minimizes traffic noise. AR is a proven process that has been used extensively in various states in the U.S. including Arizona, California, and Texas.

“We are pleased to make our first strategic investment in China’s infrastructure sector,“ said Tom Tribone, Chief Executive Officer of GGIC. “KTI’s process fits very well with China’s ongoing need to expand its road network. The environmental benefits of its products contribute to the country’s growing emphasis on sustainability. We look forward to working with the company to meet the growing demand for asphalt rubber use in Chinese infrastructure projects.”

“KTI has an experienced technical team with more than 35 years of asphalt-rubber design and paving experience,“ said David Lee, Chairman of KTI. “We are delighted to have partnered with Guggenheim Global Infrastructure Company.“

KTI has conducted several successful test pilot projects aggregating over 25,000 tonnes of AR in the Chinese mainland as well as Hong Kong. KTI serves as the Asian representative of the Rubber Pavements Association.


About Guggenheim Global Infrastructure Company and Guggenheim Partners

Guggenheim Global Infrastructure Company, Limited (GGIC) is an affiliate of Guggenheim Partners, LLC focused on investments in the global infrastructure sector. Guggenheim Partners, LLC is a privately held global financial services firm with more than $125 billion in assets under management. The firm provides asset management, investment banking and capital markets services, insurance, institutional finance and investment advisory solutions to institutions, governments and agencies, corporations, investment advisors, family offices and individuals. Guggenheim Partners is headquartered in New York and Chicago and serves clients from more than 25 offices in 10 countries.



November 04, 2019

Guggenheim Securities Hires Sean Daugherty to Expand Investment Banking Practice in Chicago

Guggenheim Securities, the investment banking and capital markets division of Guggenheim Partners, announced today that Sean Daugherty has joined the firm as a Senior Managing Director focusing on the consumer sector. Mr. Daugherty’s hiring follows the launch of Guggenheim Securities’ middle market investment banking practice and an expansion of its Chicago office.

Read More

October 29, 2019

Guggenheim Fourth Quarter 2019 High-Yield and Bank Loan Outlook: Don’t Be Tempted by CCC-Rated Bonds and Loans

Guggenheim Investments, the global asset management and investment advisory business of Guggenheim Partners, today provided its Fourth Quarter 2019 High-Yield and Bank Loan Outlook.

Read More

September 05, 2019

Guggenheim Securities Hires Mara Lipner to Expand Institutional Equity Sales

Guggenheim Securities, the investment banking and capital markets division of Guggenheim Partners, announced today that Mara Lipner has joined the firm as a Senior Managing Director on the Institutional Equity Sales team.

Read More



© 2019 Guggenheim Partners, LLC. All rights reserved. Guggenheim, Guggenheim Partners and Innovative Solutions. Enduring Values. are registered trademarks of Guggenheim Capital, LLC.