On March 14, the Wavin Group, a major European manufacturer of plastic piping systems, revealed plans to scale back its operations in Ireland. The decision involves reducing production capacity at its facility in Balbriggan, located just north of Dublin. Alongside this, the company will also cut back on regional management roles and optimize its logistics and distribution network. However, the group has not provided specific details on the extent of the production cuts or which product lines will be affected.
Of the 198 employees currently working at the plant, 50 are expected to lose their jobs as part of the restructuring. The process is anticipated to be completed by September this year. Despite a 26.7% rise in net profit in 2007, the company expressed concerns about the future of the plastic pipe market in both the UK and Ireland. The move comes in response to a shrinking construction sector in Ireland, which has led to lower demand for their products.
Wavin emphasized that the adjustment will not impact its strong market position in Ireland. As Europe’s leading supplier of plastic piping solutions, the company offers comprehensive systems for water treatment, sewage, drainage, cooling, heating, and wastewater management. Based in Zwolle, the Netherlands, Wavin reported revenue of €1.6 billion in 2007 and operates in 28 European countries, with manufacturing facilities in 17 of them.
The company has been actively growing through acquisitions, new factory setups, and expanded sales networks. Recently, it acquired Turkish plastics firm Pilsa Plastics in January of this year, continuing its strategy of expansion and diversification.
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