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NEWS


Simona interim sales and profits increase


German plastics extruder Simona – whose products include plastic pipe – saw sales and profits increase in the first half of the year. The company reported


sales revenues of nearly €260 million (US$307m), an increase of 30% compared to the same period last year. It put this down to a general recovery in the global economy – and enjoyed a particularly strong second quarter (sales up 51% to €138m, or US$163m). Profitability (EBIT) for the


first half of the year rose by more than 80%, to €27m (US$32m).


“Buoyant global demand for plastics led to a consid- erable increase in the cost of raw materials, which we were able to offset to some extent by raising prices,”


works in aquaculture – and Simona Plastech in Turkey, which mainly provides pipes and fittings for waste water supply and energy transport. Overall, sales in Europe


Schönberg: “Simona products in high demand in construc- tion, chemical plants and semiconductor factories”


said the company. Another reason for the


increased sales was the inclusion of revenue from newly acquired businesses. These include Simona Stadpipe in Norway – which


rose by almost 34% to reach €175m (US$207m). In North America, sales rose by around 18% to €66m (US$78m), while Asia saw a 50% increase in sales to around €19m (US$22m). “Our products are in high demand within construction, and are also used in the expansion of chemical plants and semiconductor factories,” said Matthias Schönberg, CEO of Simona. Based on these results, Simona has raised its revenue guidance for the year as a whole to €495-505 million (US$585-597m). � www.simona.de


Dura-Line flags quality issue


Dura-Line, part of Orbia, says that earlier this year it paused delivery of some small diameter pipe for natural gas distribution, due to a quality issue. The


pipe, mainly for use in the USA, was of 1.5in diameter or smaller. The company said that the pipe affected had “short, localised segments where the pipe


walls were thinned below specification”. It says it has received demands for compensation – and expects to get more. � www.orbia.com


Eurocell bounces


back in H1 UK-based window profiles manufacturer Eurocell has bounced back with a set of positive results. First-half sales of £168 million (US$231m) were up 80% compared to the same period last year, and by around 23% compared to the first half of 2019 (which was seen as a better comparison). As a result of the strong H1 performance – and expected further improve- ment in H2 – Eurocell estimates pre-tax profits for the full year to be around £23m (US$32m). The strong performance was underpinned by high demand in the repair, maintenance and improve- ment (RMI) market. Sales in profiles was up by 19%, while building plastics rose 23% due to strong performance across the full range of own-brand products and traded goods. The company opened four new standard format branches in H1, with eight more to follow in H2. � www.eurocell.co.uk


Nordson grows with acquisition of NDC


US-based Nordson has acquired NDC Technologies – which supplies a range of measurement systems for plastics extrusion. Nordson says the move will expand its test and inspection capabilities into new end markets and adjacent technologies. The cash transaction is valued at around US$180 million.


10 “NDC will bring new capabilities


and expertise to our test and inspec- tion platform,” said Jeffrey Pembroke, executive vice president at Nordson Advanced Technology Solutions. “The acquisition is further progress on our strategy to achieve top-tier growth with leading margins and returns.” NDC, based in Dayton, Ohio,


PIPE & PROFILE EXTRUSION | September 2021


employs around 300 people. Marti Nyman, president of NDC


Technologies, added: “We are excited to join the Nordson family. This will afford us the opportunity to continue to deliver innovative measurement and process control solutions.” � www.nordson.com � www.ndc.com


www.pipeandprofile.com


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