NEWS
Tessenderlo’s pipe extrusion division helps lift 2019 results
Dyka Group – the extrusion business within Belgian industrial group Tessenderlo – helped to raise perfor- mance within the industrial solutions division. Full-year sales in this part of the business grew by just over 1% to €526 million (US$561m) “mainly thanks to the contribution of Dyka Group, which benefited from favourable market circumstances”, said the company. The Dyka Group – which comprises pipe companies Dyka, BT Nyloplast and JD Pipes – helped to boost profits, due to both higher volumes and increased production efficiency, as a
result of earlier investments. In December 2019, Dyka said it was looking to acquire a production plant in La Chapelle-Saint-Ursin (France) from Rehau of Germany. The transac- tion is scheduled to be completed by May 2020. “This will further strengthen the position of Dyka on the French market for wastewater plastic pipe systems,” said Gabriël Spruijt, executive vice president of Dyka Group. “Having a second site in France will enable us to realise growth in sewer and drainage pipes.” Tessenderlo said that, despite the
Coronavirus pandemic, all its plants were running normally – other than a production disturbance at Dyka’s plant in Sainte-Austreberthe, France. “Activities could be further impacted
if too many employees are impacted by Covid-19, or if access to raw materials and auxiliary materials – or means of transportation – becomes more complicated,” the company added. The group said it anticipated 2020 adjusted EBITDA would be higher than in 2019 – though this does not factor in any potential impact from Coronavirus, said the company. �
www.dyka.com
Egeplast takes stake in Swedish pipemaker
Egeplast of Germany has bought a 75% stake in Swedish plastic pipes manufacturer Extena. Treac, a family-controlled investment company, will retain a 25% stake in Extena. The purchase price has not been revealed.
Extena is a leading producer of infrastructure pipe. Details of the transaction were finalised via video conference
Founded in 1976, the company generated sales of around €17 million (US$18m) in 2019 and employs around 40 people. Extena managing director, Peter Falk, will continue in his position. �
www.egeplast.de
Deceuninck shrinks in North America
Deceuninck has reduced its workforce by 30% in North America, in response to the Coronavirus pandemic. The Belgian-owned
profiles producer said the move affects its headquar- ters in Monroe, Ohio. Its facility in Fernley, Nevada, will not be affected. “Over the last few weeks, we have entered a new
6
reality – the duration of which is unclear,” said Filip Geeraert, president & CEO of Deceuninck North America. “The demands that social distancing and other protective measures have placed on our operations and facility management, combined with a severe decline in order intake, led us to take these actions.”
PIPE & PROFILE EXTRUSION | May 2020
Before the move, the company employed more than 650 people – meaning that around 200 have now left. The company had been expecting to ramp up volumes in expectation of strong growth in 2020. Deceuninck says the changes will help safeguard the business for the future. “As demand increases, we
will again adjust our team and operations to handle the growth,” said Geeraert. Earlier this year, Deceun-
inck reported an overall dip in both sales and profits. Sales in North America grew by 3% in the period – but this was due to currency effects, as volumes in the region were down in 2019. �
www.deceuninckna.com
www.pipeandprofile.com
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50
