NEWS
Aliaxis takes full stake in Indian pipe manufacturer
Belgium-based plastic pipe manufacturer Aliaxis is to take full control of Ashirvad Pipes of India.
Aliaxis has acquired a
37% share in Ashirvad, to add to its existing 60% stake. It will acquire the remaining 3% from the Poddar family – which founded Ashirvad – over a three-year period. Financial details of the transaction have not been revealed. This concludes the joint
venture between the two companies, which began in 2013.
Aliaxis now plans to pursue growth opportuni- ties in the plumbing and agriculture markets in India.
India is a high priority market for Aliaxis, which says the transaction shows its long-term commitment to the country. “This acquisition marks
an important milestone in the development of Aliaxis in India,” said Laurent Lenoir, CEO of Aliaxis. “We are now ideally positioned to support the growth of Ashirvad in the Indian market, and further expand our activities there. Pawan Poddar, managing
director and co-founder of Ashirvad – who will remain a member of the company’s board of directors – added: “In the previous years, with Aliaxis, we have significantly
grown our business. I am confident that we leave the company in the right hands for it to remain the leading plumbing solutions provider in the country.”
Ashirvad has now appointed Deepak Mehro- tra and Sunil Banthiya as managing director and chief operating officer, respec- tively. Founded in 1998, Ashirvad manufactures PVC and CPVC piping systems, with an annual manufactur- ing capacity of more than 100,000 tonnes. It employs around 2,200 people in India. �
www.aliaxis.com �
www.ashirvad.com
Barrette buys assets of DuraLife
US-based Barrette Outdoor Living (BOL) has acquired the assets of composite decking and railing systems manufac- turer DuraLife, from Integrity Composites. BOL, a leading produc-
er of wood and vinyl fencing, as well as vinyl and aluminium fence and railing, says the move will further expand its portfolio and give it entry into the decking market. The DuraLife brand will
remain, and the company will continue to operate from its US facility in Biddeford, Maine. �
www.barretteoutdoorliving.com
Vinyloop closes PVC recycling plant in Italy
The VinyLoop plant is to close after 16 years of operation
VinyLoop Ferrara, the Italy-based PVC recycling specialist, has closed operations with immediate effect. The company, a 60/40 joint
venture between Inovyn and Texyloop, has seen a collapse in demand for its VinyLoop R- PVC product due mainly to increasing product regulation. “Despite every effort to sustain the loss-making business over the last 15 years, demand for Vinyloop R-PVC has recently collapsed, and we have concluded that ongoing operation is no longer sustain- able,” said Francesco Tarantino, VinyLoop general manager. “This has been driven primarily by tighter regulations relating to Vinyloop R-PVC that contains DEHP plasticiser.” The plant at Ferrara, which opened in 2002, used a physical,
www.pipeandprofile.com
solvent-based process to handle around 10,000 tonnes/year of PVC products – such as tarpaulins – that are difficult to recycle by traditional means. The recycled material was made into a variety of products including garden hoses, geomem- branes and shoe components. Inovyn said it did not make economic sense “to continue supporting this specialised PVC recycling activity”, while Texyloop lacked the industrial knowledge to continue on its own. The company – which employs around 17 people – has now been liquidated, and will begin a process to carry out a “safe closure of the plant”. “A detailed closure plan will now be prepared in discussion with the Trade Unions and employ- ee representatives,” said Tarantino. �
www.vinyloop.com
July/August 2018 | PIPE & PROFILE EXTRUSION 5
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