|By PR Newswire||
|April 16, 2014 03:01 AM EDT||
ZWIJNDRECHT, The Netherlands, April 16, 2014 /PRNewswire/ --
- Stable global turnover and result
- Acquisitions and expansions in the Netherlands, Brazil, China and the United States
- Strategy focused on expanding specialisms and enlarging network
The Van Leeuwen Pipe and Tube Group achieved stable turnover and result in 2013, in line with 2012. Market conditions were difficult in various countries and markets.In spite of this, all regions the company operates in made a positive contribution to the result.The company benefits from its global spread across countries, markets and products.
The operating result (EBIT) was € 13.7 million, an increase of 4% compared to 2012. Sales amounted to € 629.2 million. The net result was € 8.9 million. Solvency remained strong and increased to 41.9%.
The international company active in the trade and distribution of steel pipes and tube products is focused on expanding its specialisms and enlarging its global network. Van Leeuwen recently acquired the remaining 50% of the shares in Combulex B.V. in Vianen, the Netherlands. This company specializes in pipe and tube products for the agricultural, steel construction and foundation engineering sectors. The acquisition of the operations of Adr. van der Voort enabled Van Leeuwen to expand its offer of products in the greenhouse sectors.
With the recently acquired Brazilian company Tubexpress, which specializes in stainless steel and alloyed materials, Van Leeuwen focuses on the international energy market. A fully owned subsidiary was established in China, in addition to the already existing joint venture there. In Houston, the former project office was expanded into a full-fledged branch. Van Leeuwen has expanded its stock-keeping locations with warehouses in the Czech Republic and Malaysia.
Investments of customers in the European industrial market were low with the exception of the agricultural machine building sector and the ship, machine and crane building sectors. Van Leeuwen has further expanded its market share in Central Europe. Outside Europe, Van Leeuwen was able to profit from the favorable investment climate in the energy market, such as in the United States, Asia and Australia.
Peter Rietberg, Chairman of the Board of Directors: 'Van Leeuwen managed to achieve a stable result in a market that was difficult in various parts of the world. That is a great achievement. We have expanded and strengthened our network, bringing us even closer to the customer in many markets. We expect to reap the benefits of this in 2014 and subsequent years.'
Van Leeuwen Pipe and Tube Group
The Van Leeuwen Pipe and Tube Group is an international trading company specializing in steel pipes, and pipe and tube applications. The company is active in virtually all industrial sectors. The company was founded in 1924. The Group has fifty branches spread throughout Europe, the Middle East, Asia, Australia, North and South America.
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For more information:
Van Leeuwen Pipe and Tube Group, Manager Corporate Communications, Ingrid den Hartog
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