ETX-10829_Etex-AR2017_WEB_2018_DEF2 (2)
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1.4<br />
About <strong>Etex</strong><br />
<strong>Etex</strong> Annual Report 2017<br />
About <strong>Etex</strong><br />
Worldwide network with locally anchored presence<br />
Strong<br />
manufacturing<br />
footprint<br />
About <strong>Etex</strong><br />
21 76<br />
Americas<br />
Europe<br />
Since its establishment in Belgium in 1905, <strong>Etex</strong> has grown from a family<br />
business into an international industrial company that manufactures and<br />
sells building materials and solutions worldwide. These are used in diverse<br />
projects: from large buildings to small houses, from modern apartments<br />
to historic structures, from small city compounds to countryside<br />
shelters. With our portfolio, we strive to provide affordable, sustainable,<br />
comfortable and beautiful living spaces that contribute to a better world.<br />
42<br />
countries<br />
Family owned<br />
Belgian group<br />
BRUSSELS<br />
Four global businesses<br />
6 10<br />
Asia Africa<br />
54%<br />
<strong>Etex</strong> Building Performance<br />
Our history<br />
The <strong>Etex</strong> story is one of geographic<br />
expansion combined with product and<br />
technology diversification. Over the past<br />
100+ years, we expanded our footprint<br />
from Europe to Latin America, followed by<br />
Africa and Asia. Throughout our history,<br />
we have strengthened our business with<br />
acquisitions and investments.<br />
Business savvy CEO<br />
Paul Van Oyen<br />
Major<br />
employer × 14,510<br />
30%<br />
<strong>Etex</strong> Roofing<br />
10% <strong>Etex</strong> Façade<br />
6% <strong>Etex</strong> Industry<br />
Our assets<br />
<strong>Etex</strong> is 14,510 employees strong and<br />
operates 113 factories in 42 countries. We<br />
rely on our people to achieve a high level<br />
of customer and local market intimacy.<br />
They are backed by our global businesses<br />
that target well-defined market segments<br />
to cater to the needs of architects,<br />
homeowners, installers, distributors and our<br />
local communities. We also receive strong<br />
support from our shareholders. They place<br />
their trust in <strong>Etex</strong>’s governance structure,<br />
enabling us to make long-term decisions.<br />
Our core businesses<br />
Each of <strong>Etex</strong>’s four global businesses has a<br />
clear ambition:<br />
• <strong>Etex</strong> Building Performance will utilise<br />
its expertise in plasterboards, fibre<br />
cement boards and fire protection<br />
to strengthen its position as a global<br />
reference in dry construction.<br />
• <strong>Etex</strong> Façade aims to continue<br />
its growth in architectural and<br />
residential façade materials by<br />
further enhancing the durability and<br />
aesthetic appeal of its products.<br />
• <strong>Etex</strong> Industry is driven by science,<br />
technology and engineering to take<br />
its products and systems for highperformance<br />
thermal insulation and<br />
fire protection to the next level.<br />
• <strong>Etex</strong> Roofing will leverage its expertise<br />
in fully-fledged products and systems<br />
for agricultural and residential<br />
roofing to pioneer the technologies<br />
of the roofing industry’s future.<br />
QQ<strong>Etex</strong> was founded over a century ago on the use of<br />
innovative fibre cement technology. Today, the material<br />
remains a relevant part of our portfolio. These moulded fibre<br />
cement sheets produced at our Skinco factory in Manizales,<br />
Colombia, are part of our newly branded Proteja range.<br />
Our three-pillar agenda<br />
To secure our future success, <strong>Etex</strong> centres<br />
its efforts on three priorities: achieving<br />
profitable growth, enhancing our<br />
operational performance and empowering<br />
our people.<br />
An excellent track record<br />
1905<br />
1905-1950<br />
1951-1988<br />
2002<br />
2003<br />
2013<br />
2016<br />
Founded in Belgium.<br />
Geographic expansion across Europe followed by Latin America<br />
(1937), Africa (1949) and Asia (1950).<br />
Product and technological diversification.<br />
Banned the use of asbestos in production<br />
processes worldwide.<br />
Split from sister company Aliaxis. <strong>Etex</strong> retained<br />
all building material activities. Aliaxis took over activities<br />
in plastics.<br />
Acquired gypsum plasterboard business from Lafarge.<br />
• Introduced global division structure targeting welldefined<br />
business segments.<br />
• Divested Latin America ceramics business to Mexican<br />
company Lamosa.<br />
• Launched three <strong>Etex</strong> values: Passion for Excellence,<br />
Connect and Care and Pioneer to Lead.<br />
• Launched behavioural safety programme SafeStart.<br />
2017 • Acquired Spanish plasterboard company Pladur.<br />
• Entered into joint venture with Chilean wood frame<br />
producer Arauco.<br />
Solid revenue<br />
in billion euro<br />
2013 3.046<br />
2014<br />
2.987<br />
2015<br />
3.054<br />
2016<br />
2.883<br />
2017<br />
2.794<br />
Healthy rebitda<br />
in million euro<br />
2013 415<br />
2014<br />
413<br />
2015<br />
409<br />
2016<br />
417<br />
2017<br />
420<br />
Safety is key<br />
frequency rate of accidents<br />
2013 3.8<br />
2014<br />
3.4<br />
2015<br />
3.0<br />
2016<br />
1.9<br />
2017<br />
2.6<br />
20<br />
21
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