NEWS


Deceuninck raises sales and profits for full year


Belgian profile extruder Deceuninck has reported increased sales and profits in 2020. Full-year sales crept up by just over 1% to around €642 million ($US778m). The com- pany said that the negative effects of the Coronavirus pandemic were compen- sated by factors such as market recovery in Turkey. Profitability, in the form of adjusted EBITDA, reached €86m (US$104) – a 42% increase compared to the previous year. This improve- ment was driven mainly by higher volumes and improved operational efficiency, while Covid-19 effects were offset by various cost reduction initiatives and some


reductions in raw material prices, said the company. Sales in Europe fell more


than 6.2, due mainly to reduced volumes caused by Covid-19 lockdown meas- ures across Europe. In North America, sales rose by nearly 18% thanks to market growth and new customer wins. Here, the overall impact of Covid-19 on volumes remained limited. Sales in Turkey & Emerging Markets rose more than 3% to €165.3m due to a recovery in the Turkish domestic market. The expansion in emerging markets was offset by the impact of Covid-19 – especially in India and Chile, which have had long-lasting lockdowns, said the company.


Francis Van Eeckhout,


CEO of Deceunink, said: “I am pleased that in 2020 we could resume our profitable growth path, with EBITDA and earnings reaching their highest level in a decade.” This year, the company plans to make further investments in its recycling facility in Diksmuide. In 2020, the plant recycled 22, 000 tonnes of PVC – the equivalent of 1.1m old windows, and over 20% of the company’s European PVC consumption, said Deceuninck. The company said that


the “strong performance” in 2020 has continued into early 2021 – with “high growth in all regions”. � www.deceuninck.com


ADS results up in Q3


US pipe manufacturer Advanced Drainage Systems (ADS) posted positive sales and profit growth for the first nine months of its financial year. Up to December 2020,


sales rose 18% to US$1.5 billion. At the same time, profits exceeded US$205 million – compared to a loss of US$195m for the corresponding period in 2019. In the third quarter alone, sales grew nearly 24% to exceed US$486m, while profits more than doubled, to reach US$54m.


Net sales for the full


year are expected to be in the range of $1.915 to $1.950bn. � www.ads-pipe.com


Trex posts positive performance in 2020


Trex, the US-based plastic decking manufacturer, reported another increase in sales and profits in 2020. The company reported


full-year sales of US$881 million – an 18% year-on-year increase. Profitability, in the form of EBITDA, rose around 25% to exceed US$251m. Net sales were US$228m in the fourth quarter, a 39% increase on the equivalent period in 2019. Sales in its residential


products division grew 19% to US$828m. Its commercial products contributed another US$53m – a 4% increase on its performance last year.


www.pipeandprofile.com Trex grew sales in its residential products division by 19% in 2020


“During one of the most challenging business periods in recent history, 2020 was another record year for us,” said Bryan Fairbanks, CEO of Trex.


For the first quarter of this


year, Trex expects net sales of US$235-245m – a 20% rise on the equivalent period in 2020. The com- pany also expects growth to


expand in the second and third quarters as its capacity increases. For the year as a whole, it expects “strong double-digit sales growth”, it said. “We remain on track with our capital expenditure programme to increase production capacity at our facilities in Virginia and Nevada,” said Fairbanks. “Production in our new Virginia facility started in January 2021. When complete – by June of this year – these investments will increase production capacity by approximately 70%.” � www.trex.com


March 2021 | PIPE & PROFILE EXTRUSION 5


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