Increased demand helps Uponor report strong results in first half

Pipes giant Uponor has reported increased sales and profits for the first half of this year. The company posted sales of €663 million (US$784m) – a growth of nearly 20%. Its operating profit of €94m was nearly 60% ahead of the same period in 2020. For the second quarter, both sales

and profit were well ahead of the same period last year. “Strong demand combined with a solid operational performance drove the increase of our operating profit and profitability,” said Jyri Luomakoski, president and CEO of Uponor. However, he added that the compari- son period was weak “due to Covid-19

Lubrizol to sell C-PVC in India

Lubrizol Advanced Materials is to begin selling its C-PVC com- pounds in India after signing a partnership with Prince Pipes and Fittings. The agreement will see

Prince Pipes and Fittings begin to manufacture and sell Lubrizol’s Corzan C-PVC in India. “This further supports

Lubrizol’s long history and commitment to the Indian market,” said Scott Mold, general manager for TempRite engineered polymers at Lubrizol. “With Prince Pipes, I am confi- dent this partnership will prosper and deliver a high standard of quality.” �

8 related lockdowns”. Building solutions in Europe had a

strong performance, with net sales growing in most markets. Increased sales volumes, and initiatives under the operational excellence programme, drove the improved profitability, he said. Net sales and operating profit also improved in building solutions in North America. Demand has been at a high level in both the USA and Canada, he said.

However, while Uponor Infra’s net

sales increased, its operating profit decreased. This was due to increased input costs – which was partly offset by higher sales volumes, product mix and designed solutions sales in Norway,

said Luomakoski. The company recently revised its guidance for the 2021 financial year. It says it expects to raise both sales and profits by at least 2.5% by the end of this year – thanks to increased demand for its products. �

Right: Luomakoski: “Strong demand and solid performance drove increased profitability”

Capacity expansion programme helps Trex add sales and profits

US decking manufacturer Trex has reported a 32% increase in sales for the first half of the year. The company, which

makes products from wood-plastic composites (WPCs), posted sales of US$557 million for the period. Within this, sales of residential products rose 34% to reach US$532m.

Profitability for the period (EBITDA) exceeded US$162m – a 29% increase on the previous period in 2020. “Strong second quarter

revenue growth was driven by broad-based demand across all residential product lines and market share gains from wood,” said Bryan Fairbanks,

chairman and CEO of Trex. The completion of a US$200m capacity expan- sion programme helped Trex to increase sales by 43% in Q2. “As expected, higher raw

material costs and logistic expenses pressured second quarter gross margin,” said Fairbanks. “This was partially offset by growth in the residential segment.” Higher than expected

productivity at its new facility Virginia – which added 350 jobs – will help Trex manage some of the inflationary pressure seen in the first half of this year. “For the third quarter of

Above: Trex is best known for its decking and railing products PIPE & PROFILE EXTRUSION | September 2021

2021, we expect net sales of US$320-$330m,” he said. �



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