news
Strong sales continue at Trex
US decking and railing producer Trex has posted increased sales and profits for the first half of the year. Sales for the first half of
2016 were $278m, which was 8% above the same period in 2015. This generated a pre-tax profit of nearly $73m – a growth of more than 26%. “This was another period
of strong performance for Trex, reflecting the continu- ing build in demand for our market-leading products, the structural benefits of our recycled-content business model and ongoing cost reductions,” said James Cline, president and CEO. The company expects
third quarter revenues of approximately $105m, which represents a 12% increase over last year’s third quarter. ❙
www.trex.com
Uponor posts profits on strong European demand
Swedish pipe manufacturer Up- onor says that a pick-up in European demand helped it to post increased sales and profits for the first half of the year. Net sales for the period
grew more than 6% to exceed €546m ($618m). At the same time, pre-tax profits jumped 20% to €33m ($37m). Both figures were dragged down by currently fluctuations, said Uponor.
Uponor’s European building solutions business posted an 11% growth in sales to nearly €258m ($292m), which was accompanied by a 7% growth in profits to more than €13m ($15m). Its largest European
market, Germany, continued to see improvements in its construction market in the second quarter of 2016. Meanwhile, there was
uncertainty in the UK – even before the ‘Brexit’ referendum. Demand in Sweden was far
stronger than that of its neighbours, especially in the new residential segment. Other Nordic countires were generally stable, with some signs of a fragile recovery in Finland, said Uponor. In Southern Europe,
recovery continued in Spain, while demand in Italy stayed flat.
Results in its North
American subsidiary were also healthy: sales rose 19% for the period to top €150m ($170m). As a result, profits swelled
Luomakoski: “Building and construction
markets healthy in North America and Europe”
ADS boosts manufacturing with new pipe plant
Advanced Drainage Systems (ADS) is to build a new pipe manufacturing plant in Missouri in the US, in response to growing customer demand in the region.
The full range of ADS products will be available from its new Harrisonville plant when it opens later this year
8 PIPE & PROFILE EXTRUSION | September 2016
The 65,000 square-foot plant – in Harrisonville, approximately 40 miles south of Kansas City – is scheduled to open during the first half of 2017 and will produce the company’s single and dual wall, high density polyethylene (HDPE) and polypropylene (PP) pipe.
The full portfolio of ADS
products will be available at the site including ADS N-12 HDPE pipe, HP Storm and SaniTite PP pipe, as well as geosynthetic fabrics and grids, said the company.
Joe Chlapaty, chairman and CEO of ADS, said: “In addition to freeing up production capacity in the Midwest for our pipe products, the new plant will allow us to meet the growing demand for all of our products in the region – while helping to reduce the time and cost of delivery to our customers.” ❙
www.ads-pipe.com
www.pipeandprofile.com
by 11% to exceed €25m ($29m).
“The building and construc-
tion markets in North America continued to be healthy, and positive developments in demand were reported across several European markets, as well,” said Jyri Luomakoski, president and CEO of Uponor. ❙
www.uponor.com
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