Construction : rentabilit m diocre/

Article Abstract:

CNC will put the emphasis on fighting work for which no earnings are declared in 1998, an issue which is said to affect one fifth of the sector's turnover in Belgium. The construction business did well in turnover terms in 1997, as more than BFr 1,000bn were reported that year for the first time ever, compared to BFr 935bn in 1996. Thanks to the 13% rise in activity reported by the shell segment, the construction business reported a 5% rise in added value in 1997, while the investemnts went up 7.8% to BFr 771bn. On the other hand, the net operational profitability fell to 3.8% according to CNC, below the level reached when the crisis broke out in the housing business in the 1980s. This low profitability is due to moonlighting and also to the tax and costs context and the overcapacity.

Comment:

Belgium: Construction bsns did well in turnover terms in 1997, as over BF1,000 bil were reported for the first time ever

Construction

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Fabricom: une strat gie d'acquistion dop e ensuite par la croissance interne

Article Abstract:

The Belgian group Fabricom, a subsidiary of the Tractebel, reported a BFr 22.9bn turnover in its 'environment' division (waste and water treatment). In 1998, this figure is expected to rise to BFr 30bn, up 30%. The results include the activities of Fabricom's subsidiaries, Watco (leading waste collection, treatment and re-cycling firm in the Benelux countries), and Europ enne de Services (EdS) which is active in the UK, Poland and Quebec. It is via EdS that Fabricom took over the UK waste collection and treatment firm AJ BUll in a BFr 2.5bn transaction confirmed in August 1998.

Comment:

Reports BFr22.9 bil turnover from its environment waste & water treatment division

Waste Management and Remediation Services, Pollution Control, Fabricom S.A.

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Les unit s belges d'emballages flexibles d'Amcor innovent

Article Abstract:

Amcor, the Australian Group which has been installed in Belgium for the past two years following the purchase of UCB's flexible packaging units, now makes a turnover of around BFr 5bn in Belgium, half of the turnover for the Amcor Flexibles Europe division; the Belgian units are a part of this division. This acquisition provided Amcor with better installations in Europe. It intends to strengthen its positions on special European packaging markets in the years to come. The group intends to focus on innovation in order to achieve this objective.

Comment:

Now makes a turnover of around BFr5 bil in Belgium w/ half of the turnover coming from the Amcor Flexibles Europe division

Paper & Allied Products, Paper Manufacturing, Paper industry, Amcor Ltd.

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