Deceuninck posts ‘record’ interim sales

Belgian profiles producer Deceuninck says it posted ‘record’ sales in the first half of this year. Sales in H1 rose to €404 million (US$478m), an increase of nearly 40%. At the same time, an adjusted EBITDA of €51m (US$60m) was almost twice last year’s figure The main driver for the

increase was a strong residential construction mar- ket in all regions, which led to a 31.5% volume growth. Home improvement was also buoyant, while new build benefited from increased demand for single

family homes. “Despite constrained

supply of raw materials, we have realised a strong volume growth in all our regions,” said Francis Van Eeckhout, CEO of Deceun- inck. “Yet, due to strong demand and raw material scarcity, we have not always been able to meet our delivery terms towards our customers.” He said that, to avoid

production outages, it had to accept higher purchase prices – and increase selling prices several times. “Going forward, we might have to further increase our

prices to protect our margins or to restore them in some markets,” he said. The company also

expects further raw material price increases, though more moderate than before. Deceuninck is expanding

its recycling site in Diks- muide, Belgium – which is expected to be fully operational by the end of this year. Overall, the company

expects “the strong perfor- mance of the residential construction market seen in the first half of the year to continue in the second”. �

Putnam adds capacity in medical manufacturing

US-based Putnam Plastics has finished building an extension to its manufactur- ing facility in Dayville, Connecticut. The new 57,000 sq ft space will be used for clean manufacturing, increasing production capacity for existing and new medical device customers. New equipment includes several new extrusion lines, along with braiding and coiling machines to make rein- forced catheter shafts. As well as adding machin-

ery, the company intends to hire more than 100 new staff. The expansion will also allow Putnam to keep everything under one roof –

Veka ups capacity in USA

Putnam Plastics has added a 57,000 sq ft extension to its facility in Dayville, Connecticut

such as the tooling room and engineering team. “This space will allow us

to increase our capabilities in both manufacturing and product development,” said Jim Dandeneau, CEO of Putnam Plastics. Putnam says the expan-

sion will avoid unnecessary duplications in personnel that is common when working across different locations. The company adds that it can minimise logistical issues and increase overall efficiency. �

German window profile manufacturer Veka is to raise extrusion capacity in North America. The company is to invest more than US$48 million in 2021 and 2022 to expand capacity at its four US-based plants. In total, it will add 23 extru- sion lines – expanding both window and door profile extrusion and outdoor products. “We see excellent potential in working with our existing customers to take advantage of a strong market that promises to continue for the foresee- able future,” said Joe Peilert, president and CEO of Veka North America. The company is also looking to hire extra staff in order to “address a current bottleneck affecting most building products manu- facturers”. “While we believe availability of raw material components will be tight through the end of the year, we see labour availability as an ongoing issue,” said Peilert. Veka’s North American facilities are in Pennsylva- nia, Texas, Nevada and North Carolina. The expansion comes just months after Veka announced plans to invest in a 25,000 sq m produc- tion and logistics site in Chile in South America, which will help to expand output there. �

September 2021 | PIPE & PROFILE EXTRUSION 7


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