NEWS


Aliaxis sales and profits fall in first half of year


Aliaxis, the Belgium-based manufacturer of pipes and fittings, reported a dip in both sales and profits in the first half of the year. It posted sales of


€1.84billion for the period, a decrease of around 9% against H1 2024. At the same time, net profit collapsed to around €13m, down 89%. “These 2025 results


reflect the broader market slowdown in key geogra- phies,” said Thierry Van- lancker, CEO of Aliaxis. “We are maintaining market share despite this macro- economic environment.” In the Americas, sales fell by 6% to €939m and profitability was down by nearly 36%. Results in North America were affected by “unfavourable pricing dynamics in the US”, as well as a slowdown in construc- tion activity, tariff uncertainty and a hit of around €22m from flooding at a US production site – though


revenue by around €20 million (4%) compared to the previous year. Sales in Asia fell 17% to


Vanlancker: “Results reflect the broader market slow- down in key geographies”


these were partially offset by solid performance in Canada. Latin America showed growth and “resil- ient” performance despite “market headwinds, height- ened political tensions and tight competition”. Revenue in EMEA fell by 6% to €448m, but profits rose around 24%, thanks to “cost discipline” and a focus on improved margins amid difficult market conditions. The exit from its UK building business in H2 2024 cut


€250m, while those in the Pacific region dipped 16% to €183m. n Ashirvad by Aliaxis – the company’s Indian subsidiary – plans to commission a greenfield facility in Hy- derabad by August 2026. The company already


operates seven manufactur- ing plants across India, including four in the southern region – and recently opened an inte- grated distribution centre in Eastern India, near Kolkata. Vanlancker told local


publication Businessline: “Around 20% of our global revenue comes from Indian operations – and is the number three market for us. We continue to see it as a growth market.” He said that India could become a €1billion market for Aliaxis by 2030. � www.aliaxis.com


Korean pipe maker sets up in Utah


South Korean PVC pipe manufacturer PPI is to build a US$52 million production facility in Cedar City, Utah, USA. The company says it


expects to create up to 50 jobs over the next five years. “During our evaluation of


expanding our presence in the US, when looking at Utah and Cedar City specifically, we were


www.pipeandprofile.com


impressed with the rapid development of Iron County and its logistical advantag- es,” said Agnes HyeJung Lee, president of PPI America Inc. The company, founded in


1976, specialises in pipes and fittings for water and plumbing systems. It says its iPVC pipe and fittings have become the first to receive National Sanitation Founda-


tion (NSF) certification as free of PFAS compounds, to ensure safe drinking water. In addition, the Utah Governor’s Office of Eco- nomic Opportunity awarded the company a post-perfor- mance tax reduction for the new plant under its Rural Economic Development Tax Increment Financing programme. � https://ipvcpipe.com


Atkore: 250 jobs lost as sales fall


US-based pipe maker Atkore has posted an 11% fall in full-year sales to US$2.85 billion – while also announcing nearly 250 redundancies. The dip in sales was mainly due to decreased average selling prices (amounting to around US$382m) and divest- ments. The fall was partially offset by higher sales volumes in both the electrical and safety & infrastructure segments. At the same time, gross profit declined by 37% to US$676m – while other measures of profitability also fell. Looking ahead, it


expects an adjusted EBITDA of US$55m-$65m in the first quarter of 2026 – a fall of 34-44% com- pared to Q1 2025. For Fiscal 2026, it sees an adjusted EBITDA of US$340m-$360m – a fall of 7-12%. Atkore is to lay off


nearly 250 people from two plants. It will cut 42 jobs at a PVC pipe plant in Fort Mill, South Carolina and more than 200 at a plant in Phoenix, Arizona. The company is


evaluating plans to sell its HDPE pipe and conduit business, to focus on its core electrical infrastruc- ture portfolio. Earlier this year, it sold


its Northwest Polymers plastics recycling business to Azek. � www.atkore.com


Winter 2025 | PIPE & PROFILE EXTRUSION 5


IMAGE: ALIAXIS


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