NEWS


Simona raises sales due to high demand


Germany-based Simona raised both sales and profits in 2021, due mainly to high global demand for its products. Group revenue increased almost 40% to €545 million (US$587m), while profitability (EBIT) was up more than 50% to nearly €51m (US$55m). Sales in the EMEA region rose by 37% compared to the previous year, while growth in the Americas rose 45%. In Asia-Pacific, business im- proved by nearly 41%. The company has changed the way


it reports its figures – away from a product-based approach (such as ‘semi-finished products’ and ‘pipes and fittings’) to broader business lines – such as ‘industry’ and ‘infrastructure’. However, its ‘infrastructure’ business mainly manufactures piping systems for areas such as water and gas supply. It saw sales of nearly €70m (US$75m) in 2021, an increase of more than 26%. “In a year in which commodity


markets were severely buffeted, we succeeded in posting record earn- ings on the back of strong global demand,” said Matthias Schönberg, CEO of Simona. Preliminary results for 2021 show a 42% increase in sales to €173m


Above: Schoenberg: “With commodity markets severely buffeted, we posted record results due to strong global demand”


(US$186m) in the first quarter. This equated to a 27% increase in profit- ability (EBIT) to nearly €14m (US$15m). Simona also acquired UK-based polyethylene pipe manufacturer Peak Pipe Systems in February 2022, which will contribute to its infrastructure and aquaculture business lines. “This year has started well, though


all forecasts for the full annual period are now tinged with doubt due to the Russia-Ukraine conflict,” said Schönberg. � www.simona.de


Profine invests in Serbia


German window profiles manufac- turer Profine has acquired a 600,000 sq m property in Serbia. A new production facility will be built on the site, which will serve as a hub for south-eastern Europe, says Profine. The site will build up to a capacity of at least 50,000 tonnes/ year. It is situated between the capital, Belgrade, and Novi Sad – Serbia’s second largest city. In addition, a large photovoltaic system is planned on an adjacent site,


www.pipeandprofile.com


to supply ‘green’ electricity both for the company’s own needs and for interested local partners. “The new location is a trend-setting step for the growth of our company,” said Peter Mrosik, CEO of Profine. “We manufacture our profiles where they are needed – and save significantly on transport.” Last year, the company opened a new plant in neighbouring Bosnia- Herzegovina. � www.profine-group.com


www.twitter.com/plasticsworld


Follow us on...


Be the first to know when we publish a new edition, plus updates on our conferences and useful links.


May/June 2022 | PIPE & PROFILE EXTRUSION 11


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