NEWS Aliaxis doubles profits in 2021
Belgian pipe manufacturer Aliaxis reported increased sales – and a doubling in profits – in 2021. The company posted a turnover of €3.7 billion (US$3.9bn) in 2021, an increase of 31% compared to the previous year. At the same time, net profit in 2021 rose by around 8% to reach €399 million (US$420m). “Our performance in 2021 has been outstand- ing,” said Eric Olsen, CEO of Aliaxis. “The Americas had extraordinary performance
Cosmoind sets up in USA
South Korean pipe manufacturer Cosmoind, is to open its first North American facility. The company will create 168 new jobs in North Carolina, USA. Cosmoind will invest nearly US$13 mil- lion in the plant, which will make industrial, natural gas, and drinking water pipes in Middlesex, Nash County. Cosmoind has pro- duced infrastructure piping for more than 30 years. Its products include polyethylene (PE) pipe, fittings, ball valves and installation tools. The new location will be a 128,000 sq ft facility. “This is an outstanding win for our corporate community,” said Lisa Barnes, Senator for North Carolina. �
http://en.cosmoind.com
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and other regions also performed well. Our results show that our Growth with Purpose strategy is already bearing fruit.” Sales in the Americas rose
by nearly 48%. In North America, this was due mainly to “strong market momen- tum in the housing market, a rise in infrastructure invest- ment projects and strong irrigation investment”. In the EMEA region, sales
rose by 16% driven by a strong start to the year – es- pecially in France, Spain and
the UK. In Asia, sales rose by 34%, due mainly to a revival in the Indian economy. In Q4, the company opened a new plant in Durgapur, India. The company expects “positive momentum” to continue through the first quarter of 2022. “Visibility beyond Q1
remains limited, with uncertainty regarding raw materials supply, cost inflation and the evolution of COVID,” it said. �
www.aliaxis.com
Olsen: “The Americas had extraordinary performance, while other regions also performed well”
UFP adds recycling operation
US-based polymer decking manufacturer UFP Industries has acquired Cedar Poly for US$17 million – which adds plastic recycling to its
operations. “Cedar Poly allows us to
vertically integrate our sourcing of recycled polymers and increase our
use of post-industrial waste materials,” said Landon Tarvin, vice president of Deckorators, a UFP brand. “Growing our product line using more sustainable raw materials is a key objective.” Founded in 2007, Cedar
IMAGE: UFP
Poly is a recycler of HDPE and LDPE flakes and pellets used in various products, including composite decking. Its turnover in 2021 was around US$17.3m. Its management team will continue in senior roles. �
www.ufpi.com
Valencia goes to Washington
US-based Valencia Pipe Company (VPC) is to open a second manufacturing facility – in Washington state. VPC will open a 51,000
sq ft plant in Walla Walla, to meet demand in the Pacific Northwest and Canada. It acquired the site in early May and plans to begin
PIPE & PROFILE EXTRUSION | May/June 2022
production within 60 days. The company says it plans to replicate its facility in Kingman, Arizona – which produces ABS pipe and polyethylene gas pipe. The 160,000 sq ft Kingman plant has 20 extrusion lines. The new plant will run between six and eight lines,
to meet increased demand across the board, said Andrew Dervin, CEO of VPC. Dervin said the new facility is a “multi-million dol- lar” investment that will immediately create 25 jobs, and up to 50 in the long term. �
http://valenciapipe.com
www.pipeandprofile.com
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