NEWS Polypipe raises sales by 6%
Polypipe, the UK-based pipes manufacturer, raised both sales and profits by around 6% lst year. The company grew sales
to nearly £412m (US$580m), while underlying profits exceeded £72m (US$101m). Pre-tax profits were up a more modest 4% to nearly £56m (US$79m). The star performer in its
portfolio was the UK market, which saw an increase of more than 8% in sales volume. The UK accounts for nearly 90% of the group’s sales.
Sales in the residential systems market grew more than 10% to exceed £223m (US$314m). Two-thirds of this was down to volume growth, thanks to a boom in
German converters’ record year
GKV, the organisation that represents German plastics processors, reported a record perfor- mance last year. It said that sales rose to €63.7bn in 2017, a rise of nearly 5% over the previous year. As well as increased
turnover, processing volume also increased – up around 4.6% to 14.7 million tonnes of plastic. In the same period, the industry’s workforce increased by around 2% – taking numbers beyond 320,000 by the end of 2017. �
www.gkv.de
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Polypipe is a major pipe supplier in the UK
The results do not include sales from Polypipe France, which the company is in the process of selling to French company Ryb for around €16m (US$20m). One incident that
the new housebuild sector. However, revenues in the commercial and infrastruc- ture sector grew only 2%, due in part to project delays. “Against the backdrop of a mixed UK construction
market performance, continued political and economic uncertainty, and challenges in some over- seas markets, Polypipe has delivered strong results,” said Martin Payne, CEO.
affected profits was the trade embargo between Qatar and other Gulf states. This led Polypipe to tempo- rarily cease manufacturing at its Dubai facility – a move that has since become permanent. All equipment will be relocated back to its Horncastle plant – where Polystorm pipe is manufac- tured for the UK market. The total cost of machinery relocation, redundancies and other charges amount- ed to £4m (US$6m). �
www.polypipe.com
Poloplast plans plant expansion
Austrian pipe manufacturer Poloplast is looking to expand operations in its home market. The company will invest €40m – €13m of it this year – at its Leonding headquar- ters, as well as looking to add 60 employees, accord- ing to a report in local newspaper OÖ Nachrichten. The company expects turnover to increase from €108m in 2017 to as much as €200m by 2022. At the same time, it plans to grow the number of employees from 380 to 540. The company is also
undergoing a transition – with new recruit Klaus Tonhäuser replacing long-serving CEO Wolfgang Lux as head of the company
PIPE & PROFILE EXTRUSION | April 2018
Poloplast says it is ready to start exporting its products to the USA
when he retires at the end of next year. “In this way, a continuous
transition in the manage- ment is possible,” said Lux. Lux says that the next move for Poloplast’s pipe
technology – which is used in places such as the Mont Saint Michel World Heritage Site in France – is to start exporting it to the USA, according to the report. �
www.poloplast.com
www.pipeandprofile.com
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