Deceuninck expanding in Turkey

Richard Higgs
EUROPEAN PLASTICS NEWS

Published: March 25, 2014 10:41 am ET
Updated: March 25, 2014 10:44 am ET

Related to this story

Topics Europe, Windows & doors, PVC, Pipe/Profile/Tubing

Deceuninck Group, the European vinyl profile extruder, plans to invest around 20 million euros ($27.6 million) to expand its manufacturing operations in Turkey over the next two years.

The group, which has seen steady sales growth in Turkey, despite national political crises there, will construct a new profiles plant with a capacity in the city of Izmir which will replace its existing Egepen Deceuninck plant in the city.

Deceuninck says it was prompted to invest in the new facility at this time because its current Izmir unit with a capacity of 50,000 metric tons per year has become too small for future expansion in the Turkish market. The new plant will be able to handle an additional 15,000 metric tons.

The company, based in Hooglede, Belgium, has made Turkey its export hub, feeding new emerging markets in Asia, Africa and Latin America. In 2012, it launched a warehouse in India and recently opened another in Santiago, Chile.   

Deceuninck expects to complete the move to the new plant in Menemen near Izmir by the end of next year. The vacated plant buildings will then be put up for sale, a spokesman told EPN.

Deceuninck estimates the warehouse and foiling manufacturing section of the new plant will be finished in 2014 with its extrusion and compounding sections to be completed in 2015.

The Belgian group operates a second smaller plant in Turkey at Kocaeli. It manufactures Deceuninck’s Winsa brand window system and opened in 2007.

In Turkey, Deceuninck states, it has made a good start to 2014 although it expects the weak Turkish lira to continue to weigh on its revenues and earnings in the region.

In 2013 Turkish sales represented 23 percent of the group’s world sales, with Western Europe representing 33 percent, Central and Eastern Europe 30 percent and North America 14 percent.   

Deceuninck reported it cut its debt and doubled its net profit in 2013 to 8.4 million euros ($11.5 million) “in spite of the challenging economic environment.” This resulted from stable volumes, strict working capital management and cost control, the group’s CEO Tom Debusschere said.

At the same time Deceuninck saw its overall sales dip 3.7 percent to 536.5 million euros ($740.2 million) with European construction markets depressed after a harsh winter. Even so, stable volumes resulted from growth in the U.S., Germany, Italy and England as well as Turkey and the emerging markets, said the group.


Comments

Deceuninck expanding in Turkey

Richard Higgs
EUROPEAN PLASTICS NEWS

Published: March 25, 2014 10:41 am ET
Updated: March 25, 2014 10:44 am ET

Post Your Comments


Back to story


More stories

Image

Residents ask court to close pipe maker

November 21, 2014 3:22 pm ET

Residents living by National Pipe & Plastics Inc.'s new factory in an industrial zone of Endicott, N.Y., say the facility has “devastated the...    More

Image

Ineos making its UK shale play

November 21, 2014 9:29 am ET

Chemical giant Ineos Group AG is planning to be the biggest player in the United Kingdom's shale gas industry.    More

Image

UK plastics firms target customers in Mexico and Central America

November 20, 2014 4:31 pm ET

The British Plastics Federation is stepping up its interest in Latin American markets, as evidenced by its debut appearance at the Plastimagen México ...    More

Image

PET film maker Evertis expanding production in Mexico, Brazil, Portugal

November 20, 2014 2:52 pm ET

Evertis, a PET film maker, is expanding production at plants in Mexico, Brazil and Portugal, the company said.    More

Image

Total to buy majority stake in Polyblend

November 20, 2014 10:04 am ET

French oil and gas giant Total SA will buy a 68 percent stake in Germany's Polyblend GmbH, a subsidiary of Polymer-Chemie GmbH.    More

Market Reports

Plastics in Brazil - State of the Industry Report

This in-depth report examines the Brazilian plastics industry from a historical and geographical context. Our analysts provide insight on economic trends and forecasts, growing manufacturing sectors that utilize plastics, private investment opportunities, market environment challenges, and innovations in R&D.

Data tables and charts on producer prices, trade, plastics production and end market indicators is also included.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Injection Molders Market Report & Ranking 2014

This special package contains our 132-page 2014 Market Report on the Injection Molding segment and our exclusive 2014 RANKINGS database of 500+ Injection Molders for a discounted package price.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

October 27, 2015 - October 29, 2015Plastics Financial Summit - New York - 2015

More Events