Low & Bonar has officially sold its division for high-performance construction fibres with the brand name Adfil to a new owner as from 1 July 2019. The “concrete lab” of the international concern can now carry on independently. With the same name and at the same location, but above all with a new, daring road map. “We want to significantly increase profitability within the first year,” say CEO Tom Winters and COO Ives Swennen, exuding ambition.
It has long been a public secret that the international concern Low
& Bonar wanted to cash in by selling its business unit for Adfil
construction fibres in order to invest that money in divisions that would yield
greater returns. Adfil stands for Anglo Danish Fibres Industry Limited,
originally an English-Danish company with headquarters in Hull that produced
patented microfibers. This was acquired by Low & Bonar in 2005 and
subsequently integrated into its site at Zele Belgium.
THE ABILITY TO FEND FOR
ONESELF
Since 2014, Low & Bonar have invested significant sums of money in
new macro fibre capacities and a brand new concrete lab in Zele, East Flanders.
This has resulted in the production of patented fibres which will ensure Adfil
remain at the forefront of producing world class products. Due to other
pressures on the business the international group decided to embark of
selling Adfil resulting in the business having come under new control from 1st
July 2019. The new owner is a private investor who has repeatedly invested
successfully in companies in the past and who thinks in the long term. The
daily management will be in the hands of CEO Tom Winters and COO Ives Swennen,
who will both also become directors.
The brand name Adfil will also become the name of the new entity, which, will
remain in Zele. Apart from that, there is also a sales office in the United
Kingdom, employing six technical sales staff. Tom Winters: “When we used to
need money, we could ask for it within the group. Now we will have to fend for
ourselves and provide for our own money. Our first major goal? To demonstrate
improved profitability within one year. We also want to offer more service and,
as an independent company, we will now be able to make more conscious choices
about that.”
MARKET IS RIPE FOR MACRO FIBRES
Micro and macro
synthetic fibres are increasingly being used to reinforce concrete, as a
sustainable alternative and/or supplement for steel reinforcement or steel
fibre concrete
reinforcement. Adding synthetic fibres in the correct proportions makes steel
mesh or steel fibres superfluous in many applications, such as in concrete
interior and exterior hard standings.
Until a few years ago, the construction sector was not at all tuned in to the
enormous technical sophistication and potential of these polymer fibres. But
gradually the market seems to be ripening for it. Winters: “Increasing numbers
of concrete producers, engineering firms and contractors prefer synthetic
fibres to conventional steel reinforcement. Those are also the three groups we are
hoping to convince.
Since the middle of
last year, Adfil has become very active in Belgium, thanks in part to its
having obtained so-called ATG certification. “We needed two years to carry out
testing. Those tests were done using the worst possible concrete, in other
words the worst case scenario. The ease of working with and the
homogeneity of the concrete were thus proven under the most extreme conditions.
Thanks to the certification, Belgian companies are now no longer forced to
exclusively use steel for reinforcement. In Belgium, approximately 12 million
cubic metres of concrete are poured each year, 95% of which is reinforced using
steel mesh, so there is still a lot of potential for a better way to carry out
reinforcement.” Meanwhile, Adfil has been working together with Interbeton, one
of the bigger players in Belgium.
NEW PRODUCTS, NEW APPLICATIONS
Adfil now has a
turnover of 15 million euros – the volumes are increasing month by month – and
supplies its fibres directly to concrete plants or via preferred partners. The
latter are commercial players who are co-investing in advance and are pushing
their brand fully into the market. As many as 90% of Adfil’s customers are
located outside of Belgium, but gradually the concrete plants in the Benelux
are becoming attracted to its fibres.
Synthetic fibre reinforcement still has a particularly large margin for growth,
precisely because so many markets are still unexplored. The dosage (kilograms
per cubic metre) is getting lower all the time, from 12 kg to the current 3 kg.
Ives Swennen: “We try to innovate in every facet of the fibre: in colour, in
bonding the fibre into the concrete and in all the mechanical properties such
as impact resistance, tensile strength and stiffness. We want to distinguish ourselves
by putting a product on the market that is not based purely on the properties
of the fibres, but rather on their actual performance within concrete. In this
way, after many external tests, we are now able to test the exact composition
of concrete using our fibres for customers and thus to know exactly how it will
perform.”
The new owner recently decided to invest in additional sales staff who have
both technical and commercial knowledge. In the future, Adfil also wants to
reinvest more of its profits into the company. “Because we are now finally
standing on our own two feet, we will not only grow step by step, but we also
want to make our people happier. We are in the process of becoming a small but
very flexible player, in which our employees will also combine various roles.
That is why we really want to dedicate ourselves to job satisfaction, because
we consider the person behind the employee to be of paramount importance”, they
both conclude.