Solmax Faces Antitrust Probe; Revenue Decline Ahead

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NEWSMAKERS: * Anant Kanoi * Antitrust Investigation * CETCO * Core & Main * ExcelPlas * FGI * GeoAsia8 * Geo-Tubes * GNA * Gorantla Geosynthetics * Infra * Mineral Technologies Inc. * Solmax Germany * Soltech Innovations * TechFab India * Thrace

BUSINESS NEWS

Solmax Germany Declare Involvement in Antitrust Investigation and Projected Revenues are Significantly Down
For the 2024 fiscal year, Solmax Germany expect revenue of EUR 71 million, significantly lower than the previous year of EUR 85.6 million, due to a decline in both direct business and the installation business. Due to a significant increase in absolute costs and general cost increases, Solmax Germany expect a net loss of EUR 1.4 million.
For the 2025 fiscal year, Solmax Germany expect revenue of approximately EUR 57 million, significantly lower than the previous year. However, due to rising margins, which also offset general cost increases, Solmax Germany expect a break-even to slightly positive annual result.

CETCO Minerals Technologies Inc. (MTX) Stock Down 39% in Past Year
CETCO is a subsidiary of Minerals Technologies Inc., and the global leader in Geosynthetic Clay Liners (GCLs)

Geosynthetics Distributor Core & Main Net Sales Hit an All-time first-quarter Record of $1.91 billion
Marking a 9.8% YoY increase from $1.741 billion in Q1 2025

Core & Main (CMN) Stock Price Soars 185% in 2 Years

Thrace Publish Financial Results for First Quarter 2025
Turnover of € 96.4 mil. (+9.2%) albeit in adverse conditions

Thrace Group Technical Fabrics Seeking Australian Distributor
Distributor wanted for Geotextiles, GCLs and Biaxial Geogrids and Geocomposites – Expressions of Interest to mokos(at)thraceplastics.gr

Infra Stock Jumps After Receiving Order Worth AUD $4.32 million from Gorantla Geosynthetics

Gorantla Geosynthetics’ Funding Rounds & Investors

NEW PRODUCT INNOVATIONS

TechFab India MD Anant Kanoi Patents Innovative Wicking Geotextile

Spanish Company Patent Method for Enhancing Energy Production from Solar Cells with White Geomembranes

New Geosynthetic Reinforced Coastal Interblock Revetment Wave Dissipation Modular Wall

NEW WEBINARS

Webinar – Subsurface Elevated Temperature Events in Landfills – July 17

GEOTUBES

Florida Offering Free Geotubes for Canal/Lake Embankment Restoration

GEOGRIDS

Optimization of Pavement Crust Thickness Using Geogrid: A Study Based on Field Test

Experimental Study on the Behaviour of Multilayer Geosynthetic-Reinforced Sandy Embankments

GEOFOAM

Reducing Impact Load on RC-Slabs Using Expanded Polystyrene (EPS)

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ExcelPlas Geosynthetics Testing Expands Geosynthetic Testing Offerings
ExcelPlas now performs more than 120 standard geosynthetic tests in accordance with relevant  ASTM, GRI, and ISO standards. 
We have extensive experience with all types of geosynthetics – from geomembranes (HDPE, LLDPE, fPP), geotextiles to geonets, geogrids, geocomposites, and geosynthetic clay liners (GCLs).
As a Nationally Accredited Testing Laboratory, our technicians, equipment, and quality system are monitored regularly for proficiency and compliance assuring that you can count on quality results every time. 

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