Displaying items by tag: Integration
Ube Industries revises 2022 financial year forecast downwards
22 October 2021Japan: Ube Industries has revised its profit forecast downwards for the 2022 financial year. It now expects a net profit of US$171m in the year to March 2022, a 15% fall year-on-year, compared to its previous forecast of US$184m. It has also forecast full-year consolidated sales of US$5.57bn, a rise of 3.4% year-on-year. The Nikkei newspaper has reported that the group attributed the lower figure for profit to increased costs of cement production, transport and its on-going integration of its cement businesses.
Saint-Gobain acquires Chryso
04 October 2021France: France-based Saint-Gobain has acquired Chryso from financier Cinven for Euro1.02bn. The Le Moniteur newspaper has reported that the group will operationally integrate Chryso into its high performance solutions division. It said that it intends to develop Chryso in markets already served by Saint-Gobain, and to accelerate cross-selling between Weber and Chryso.
CEO Benoit Bazin said "Chryso strengthens us significantly in the growing construction chemicals market, in which we have made 10 acquisitions and opened 16 plants in 18 countries over the past three years to now exceed more than Euro3bn in turnover in 66 countries.”
ThyssenKrupp combines plant technology businesses in Vietnam
26 October 2015Vietnam: ThyssenKrupp has recently combined its plant technology businesses in Vietnam by integrating the formerly separate entities Polysius, ThyssenKrupp Uhde and ThyssenKrupp Fördertechnik, to becomeThyssenKrupp Industrial Solutions (Vietnam).
This strategic move allows ThyssenKrupp Industrial Solutions, the plant engineering and construction specialist of the ThyssenKrupp Group, to further integrate and regionalise its business worldwide. This follows the ThyssenKrupp Group's overall focus on integrating its businesses more closely to create sustainable value as a diversified industrial group.
"With our experience in large-scale plant construction and engineering, we are now streamlining our core capabilities for present and future customers in Asia and the Pacific. We can now offer diversified services to help our customers achieve their goals for sustainable growth," said Jan Lueder, CEO of ThyssenKrupp Industrial Solutions (Asia Pacific). "The integration of our businesses in Vietnam is key to our overall strategy to expand our Industrial Solutions portfolio in strategic growth markets."
ThyssenKrupp Industrial Solutions (Vietnam) will cover two business units: Process Technologies and Resource Technologies. Process Technologies will focus on engineering, procurement and construction for chemical, refinery and other industrial plants, while Resource Technologies will offer a comprehensive product portfolio and a wide sales and service network to customers in the mining, cement, mineral processing and materials handling industries.