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17 Dec

Etex links the cost of its EUR 600 million sustainability linked loan to its sustainability ambitions

Press releaseEtex 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.

11 Dec

Etex-Arauco joint venture E2E has signed an agreement to acquire a majority stake in Tecverde

Press releaseE2E, 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.

05 Nov

New plasterboard production facility in Bristol (UK) is Etex’s largest investment ever

Press releaseBuilding 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.

02 Sep

Half-Year Results 2019

Press release 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 basis. The net recurring profit (Group share) is up 6.3% year-on-year.