Beneficial interest 30%
AvH Contact: Matthias De Raeymaeker
In the chemicals sector, Manuchar combines its trading activities with logistics services and the distribution of chemicals in emerging markets. Profitability continued to improve in 2016, despite the persistent difficult market conditions in countries such as Brazil, Colombia and Nigeria. Manuchar continued its strategy of maintaining control and of controlling costs throughout the value chain by using its own warehouses. New warehouses were completed and opened in Vietnam, Honduras, Colombia and Argentina. In Brazil and Vietnam, extension work began on warehouses for cereals and fertilizers to meet the growing demand for those products in those parts of the world. At the same time, Manuchar keeps expanding its own product portfolio in order to gain a top three position in the distribution of chemicals. Manuchar’s newer markets such as Turkey and Dubai continued to evolve favourably in 2016. The sodium sulphate production plant in Mexico became operational in 2016 and realized its first sales. As world market leader in the distribution of sodium sulphate, Manuchar wants to meet the demand for South American sources. At the same time, it wants to ensure even better control over quality, from extraction to delivery to the customer.
2016 was a difficult year for steel trading (Manuchar Steel). Turnover decreased in a challenging market with stiff competition. Steel for international trading is sourced from different countries and delivered by Manuchar to the growth markets of Latin America, Africa, the Middle East and Asia.
Manuchar also actively trades in other commodities such as polymers, paper, pharmaceuticals, automotive parts, wood and cement. Cement in particular saw a strong turnover increase in 2016. In 2016, the profitability was increasingly derived from added value in local logistics and sales, at the expense of pure trading profit.
Manuchar continues to pursue a strategy of different products and services in growth markets where it can differentiate itself by its distribution and logistics services.
|19/06/2007||AvH acquires a 20%-stake in Manuchar|