NEWS Changes due at EuPC
Trade organisation European Plastics Converters (EuPC) has made several changes to its organisational structure. The changes come as
part of its PolyVision project – launched in June 2022 – that will help the European plastics converting industry move towards a plastics circular economy. “An important aspect for
Europe’s 50,000 SMEs in the plastics converting industry is that family-owned businesses often do not have the management time to foresee important strategic
changes,” said Benoît Hennaut, president of EuPC. PolyVision will develop tools and find new ways to help its members who need advice and guidance in the move to a circular economy. The first step has been to appoint Bernard Merkx as managing director, which will take place on 1 January 2023. Merkx replaces Alexandre Dangis, who has led EuPC for more than 30 years. Dangis will remain senior advisor to EuPC’s president and engage with other circular plastics
projects.
“I am honoured to take over this position and continue to guide the industry – with all the challenges ahead of us,” said Merkx.
Merkx has worked with EuPC as manager of the building & construction division since that start of this year – while his background in plastics recycling will help drive work on the circularity of the European plastics industry, said Hennaut. �
www.plasticsconverters.eu
ADS sales up in H1 2022
US-based pipe extruder Advanced Drainage Systems (ADS) improved both sales and profits in the first half of this year. The company reported
sales of nearly US$1.8 billion – an increase of nearly 31% compared to the same period last year. At the same time, net profits more than doubled to US$342 million. For the second quarter
alone, sales rose by 25% to exceed US$844m, while net profits doubled. “We achieved record second quarter revenue and adjusted EBITDA this quarter,” said Scott Barbour, president and CEO of ADS. “Sales growth of 25% was driven by favourable pricing at both ADS and Infiltrator, strong volume growth in Allied Products, and growth in the residential and
agriculture end markets.” In addition, ADS made
progress bringing down high levels of backlog, while improving lead times for most regions and product lines, he said. More recently the company has seen “the impact of the uncertain macroeconomic environment” in some regions and product lines. �
www.ads-pipe.com
Pexco adds profile
maker Pexco has acquired Plastic Profiles, a US-based manufacturer of niche stock shapes – including fluoropolymer rods and tubes. The company’s products
are used in a number of markets including semi- conductors, aerospace & defence, life sciences and valve, gasket and sealing applications. “This acquisition further
expands our capabilities and technical expertise in high-performance poly- mers,” said Sam Patel, CEO of Pexco.
He said that Plastic
Profiles’ reputation as a supplier of PCTFE, FEP, PFA and ETFE products could add value for its customers “as we continue to build our portfolio of technical capabilities”. The deal is Pexco’s third
takeover since being acquired by private equity firm Odyssey Investment Partners earlier this year. �
www.pexco.com
Inovyn honours PVC innovations at K2022
The latest Inovyn awards – which recognise developments in PVC – took place during this year’s K2022. There were around 130 entries. Pipe-related winners included: Fitt, for its Blueforce RJ pipe with a built-in tensile resistant jointing system; Molecor, for its 1200mm PVC-O pipe; and Pipelife for its bio-attributed PVC sewage pipes. n For more innovations from K2022, go to our review. �
http://bluforce.fitt.com �
www.inovyn.com
6 PIPE & PROFILE EXTRUSION | November/December 2022
www.pipeandprofile.com
IMAGE: INOVYN
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