NEWS


Aliaxis posts ‘solid’ sales and profits in H1 2023


Aliaxis, the Belgium-based manufacturer of pipes and fittings, claimed a “solid” performance for the first half of the year. The company reported


sales of €2.1billion (US$2.3bn) for the period, a decrease of nearly 6% on the first half of 2022. At the same time, net profit was flat at around €220m (US$238m). “After strong results in 2021 and 2022, the first half of 2023 reflects a solid performance as we continue investing – while we faced declining markets through- out the world,” said Eric Olsen, CEO of Aliaxis. In the Americas, revenue fell by 8% and profitability was down by nearly 11%. North America was driven by “slowing market momen- tum driven by fewer housing starts”. Latin America was affected by


track for successful comple- tion”. In Asia, sales were flat


while profitability fell by nearly 40%.


Despite higher volumes, declining resin prices led to flat revenue and decreasing margins.


Sales were also slower in


Olsen: “First half of 2023 reflects a solid performance as we continue investing”


“the geopolitical situation in Chile, Peru and Colombia” which resulted in a “sharp market decline”. Revenue in EMEA fell by


more than 4%, and profits fell by 13% as building markets declined in the first half of the year. However, it said the integration of a new pressure piping business, Lareter – acquired in December 2022 – was “on


the Pacific region – espe- cially New Zealand – with a 4% decline. Aliaxis expects market conditions to remain challenging in the second half of the year. Other than Lareter, Aliaxis made several other recent acquisitions – including Valencia Pipe in the US, Zypho in Europe and recycling specialist Com- spec in New Zealand. However, it failed in its bid to buy Uponor – which is now likely to be taken over by Georg Fischer. � www.aliaxis.com


Dyka has ‘stable’ revenue


Tessenderlo’s industrial solutions division – which includes pipe maker Dyka – reported stable revenues for the first half of the year. Sales in the division


rose by around 1% to reach nearly €385 million (US$418m) while profit- ability (adjusted EBITDA) rose around 10%. Dyka’s sales remained stable thanks to “an improved product mix”, higher sales prices and the contribution of a new production plant in Gaillon, France – which was acquired in the second half of last year. The company said it had also made “major capital expenditure” in a number of projects – in- cluding investments in production efficiency improvements and supply chain assets at Dyka. � www.tessenderlo.com


North America: Q2 plastics machinery sales fall


Sales of North American plastics machinery declined in the second quarter of this year. An initial estimate for the period shows a sales value of nearly US$332 million. This is a decrease of around 4% compared to the previous quarter – and nearly 20% lower than Q2 in 2022, according to the Plastics Industry Association’s Committee on Equip- ment Statistics (CES) has disclosed the shipment data for primary plastics machinery (including injection mould- ing and extrusion) in North America for the second quarter. Sales of twin-screw extruders fell


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15% compared to Q1 2023, and 11% year-on-year – though sales of single- screw extruders grew 39% since the last quarter, and by nearly 41% compared to Q2 2022. For comparison, sales of injection moulding machinery fell 6% since the last quarter and nearly 24% year-on- year. “Although the US economy exhib-


ited resilience in the first half of 2023, the decline in plastics machinery shipments signifies a subdued manu- facturing landscape,” said Perc Pineda, chief economist at the association. During Q2, US exports of plastics


machinery rose by more than 10%, reaching a total value of nearly $253m. The main export destinations, Mexico and Canada, held their positions – col- lectively receiving exports worth more than US$126m. This accounts for half of all US plastics machinery exports in value. At the same time, imports decline by nearly 11%, to around US$459m. In its latest quarterly survey, CES found more members expecting an improved market over the next 12 months. The percentage of those expecting conditions to either remain the same or improve rose to 46.0%. � www.plasticsindustry.org


September 2023 | PIPE & PROFILE EXTRUSION 5


IMAGE: ALIAXIS


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