NEWS
Orbia sees extrusion
sales fall Mexican plastics company Orbia saw Q2 revenues fall in all three of its extrusion-related busi- nesses Pipes manufacturer
Wavin reported a 5% dip in sales to US$665 million, though a slight rise in profit (EBITDA) to US$74m. The fall in sales was driven by ongoing weak volume activity in parts of Europe and Latin America, it said – as well as by lower resin prices and an “unfavourable product mix”. Irrigation supplier
Netafim saw a 2% decline in sales to US$284m – due to lower demand in Turkey, the US and India, which was partially offset by higher sales in China, the Middle East and Africa. This led to a 2% fall in profits to US$39m. Meanwhile, conduit
maker DuraLine saw sales fall by 30% (to US$236m) due to lower volumes. �
www.orbia.com
GF piping division reports decline in interim results
Georg Fischer Piping Systems (GFPS) has seen interim results fall in 2024. This year, it reported
half-year sales of CHF993 million (US$1.2 billion), nearly 7% lower than the same period last year. It also reported a
profitability (EBIT) of CHF129m (US$151m) – a fall of around 9%. The dip in results was ascribed to poor weather in Europe causing a “slow start” to the year. However, this was partially offset by projects in Brazil and Indonesia. Currency effects also affected sales by CHF61m, and profit by CHF15m, it said. The number of employ-
Georg Fischer’s pipes division saw sales decline by 7% in the first half of the year
ees in the division rose by nearly 3%, to exceed 8,420 people. At the same time, Georg Fischer acquired Swedish pipe maker Uponor in November 2023. Now
renamed GF Building Flow Solutions, it contributed CHF561m (US$658m) in sales and added nearly 3,800 employees. �
www.georgfischer.com
Dyka drags down Tessenderlo
Tessenderlo’s industrial solutions division – which includes pipe maker Dyka – reported a decline in the first half of the year. Sales in the division fell by around 9% to around
€349 million (US$385m) while profitability (adjusted EBITDA) fell by 31% to around €36m (US$40m), it added. Dyka’s sales fell due to lower construction demand,
it said – and was the main reason for the fall in profit- ability of the division, due mainly to “less favourable market circumstances”, it said. �
www.tessenderlo.com
Wienerberger: flat sales despite solid first half
Scheuch: “Wienerberger delivered a solid first half”
6
Wienerberger of Austria reported flat sales and a drop in profits in the first half of the year. It reported sales of €2.2 billion (US$2.4bn), almost identical to the same period in 2023. At the same time, EBITDA fell 24% to €341 million (US$376m). The company said weaker market demand forced it
PIPE & PROFILE EXTRUSION | Autumn 2024
to manage costs. “We delivered a solid
half-year performance and is well-placed for market recovery in the future,” said Heimo Scheuch, chairman of Wienerberger. Sales in Western Europe
rose 6% to around €1.2bn (US$1.3bn), though profits fell nearly 20%. The fall in demand was due mainly to
low construction activity in several countries. Sales in Eastern Europe fell 6% to €575m (US$635m), due mainly to a downturn in new residential housing. Sales in North America fell 6%, with profits down similarly, due partly to uncertainty over the US election and high interest rates. �
www.wienerberger.com
www.pipeandprofile.com
IMAGE: WIENERBERGER
IMAGE: GEORG FISCHER
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