Beneficial interest Sofinim: 30%
AvH Contact: Matthias De Raeymaeker
Manuchar brings manufacturers closer to their markets by supporting them through local networks and infrastructure, and by offering financial services at every stage of the value chain.
The overseas branches are mainly active in the logistics services and distribution of chemicals. For this activity, Manuchar invests as far as possible down the value chain to the end customers. In 2014, new warehouses were completed in Colombia, Argentina, Peru and Ecuador, representing a total investment of 10 million USD. As a result of such investments, the branches can make their cost structure leaner and meet their specific logistics and distribution requirements even more effectively. In order to gain a top three position in the distribution of chemicals in the growth markets, Manuchar is continuously developing its product portfolio and customer support.
2014 was another very positive year for steel (Manuchar Steel) and non-ferrous (Baubur) trading activities, with a further increase in turnover. Manuchar limits the risks in all its trading activities by engaging in back-to-back trading, hedged by solid credit insurance. Manuchar Steel sources primarily from China, Turkey and India, and focuses its sales on the growth markets of Latin America, Africa, the Middle East and Asia.
Manuchar also actively trades in other commodities such as polymers, paper, pharmaceuticals, cement, automotive, and wood. Also in 2015 Manuchar sees substantial growth opportunities for all those product groups.
In 2014, Manuchar successfully began the implementation of its new ERP software system Epicor. It will be gradually rolled out to all its branches worldwide, thus providing an important support tool for Manuchar’s growth.
Manuchar also continued preparations for the start-up of a sodium sulphate production plant in Mexico, which will open in 2015. As world market leader in the distribution of sodium sulphate, Manuchar wants to meet the demand for alternative sources to the strongly China-dominated production, and at the same time ensure even better control over quality, from extraction to delivery to the customer.
|19/06/2007||AvH acquires a 20%-stake in Manuchar|