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Etex has decided to link the cost of its EUR 600 million Sustainability Linked Loan with its performance in achieving sustainability targets. This Sustainability Linked Loan – where the interest margin is linked to the borrower’s fulfilment of environmental, social and governance criteria – has been granted by a syndicate of 10 banks and supervised by independent agency Sustainalytics.

E2E, a Chile-based joint venture founded by Etex, an international building materials specialist, and Arauco, a diversified global company active in the forestry industry, has signed a share purchase agreement to acquire a majority stake in Tecverde Engenharia, a Brazilian innovative building company specialised in wood-frame construction systems. The acquisition will enable both E2E and Tecverde to pursue their expansion plans. The completion of the deal is subject to the approval of the Brazilian Competition Authority (CADE) and other customary conditions.

Building materials group Etex plans to build a new plasterboard plant in Portbury close to the port of Bristol, in South West England. The capital expenditure will reach more than GBP 140 million, the largest investment of its kind in Etex history. This will be the fifth new plant since 2015. With the new Bristol facility, Etex will be ideally positioned to support the ongoing growth of the UK construction market and its customers. The plant is scheduled to be commissioned in 2022.

Etex reports a like-for-like growth in revenue of 6.7% and of 17.3% in REBITDA for the first half of the year. The REBITDA margin is up to 16.8% vs 15.2% at the end of June 2018 on a comparable basis1. The net recurring profit (Group share) is up 6.3% year-on-year.

Etex announces sale of its UK clay and concrete roofing tiles and components business to Inflexion, a private equity company based in the UK. The transaction will be closed at the end of August.

Umbelino Monteiro, Etex’s Portuguese clay tile business for the past 12 years, was successfully sold to European roofing solutions provider EDILIANS on 2 August after meeting all the deal closing conditions.

Etex – an industrial group with its headquarters in Belgium that offers innovative building solutions – teamed up 45 of its workers with the NGO Techo Peru to carry out a Corporate Social Responsibility (CSR) project. The aim was to construct modular homes for families in the district of Ventanilla, located in the northwest of Lima.

The Board of Directors of Etex NV invites the holders of securities issued by the Company to the annual general shareholders’ meeting followed by a special general shareholders’ meeting.

In 2018, Etex’s top-line performance was solid, with a 4% like-for-like increase. Faced with manufacturing issues due to one-off manufacturing issues (mainly at Etex Roofing) and increased input costs (notably a negative energy price evolution), we were able to limit their impact, which explains our 2.8% like-for-like REBITDA decrease.

Etex announces sale of its Portuguese clay tile business to French based company EDILIANS, formerly Imerys Toiture. The sale is subject to customary closing conditions. After a successful negotiation, Etex announces the sale of the clay tile activity of our Portugal-based company Umbelino Monteiro. The business employs around 100 employees and operates three production lines. The divestment comes after 12 years of operation within Etex.