As a full-service provider for mouldmaking, HASCO offers innovative and economical solutions for designers, mouldmakers and injection moulders. Under the motto “Digitalisation meets standardisation”, the company will present at FAKUMA and the subsequent trade shows a number of interesting new and further developments from the fields of Mould Base and Hot Runner.
HASCO Digital
User-friendly tools on the modern homepage, the new HASCO app, CAD updates and further digital services are available to simplify the day-to-day work.
Mould Track
The innovative Mould Track System from HASCO is an intelligent solution with precise indoor localisation technology for the injection moulding sector. The system enables the exact tracking and localisation of injection moulding tools in real time as well as the digital interlinking of processes. HASCO offers with the new Mould Track an intelligent and pioneering solution, and thus once again defines the standard with the increasing digitalisation in the world of mouldmaking.
Mould Base Technology
The further development of HASCO‘s plate range offers mouldmakers maximum flexibility in the production of injection moulding tools. The portfolio of undrilled and drilled plates has been extended with new mould sizes and thicknesses by well over 1,500 new dimensions.
In the field of demoulding, further sizes have been added to the extensive ejector portfolio. The focus is on the quality material HSS, which has a higher temperature resistance and strength. The service life can thus be extended and mould maintenance costs significantly reduced. New guide pillars with a snug fit for even easier installation and a firmer fit in the mould plates increase process reliability. The new chemical working substances with NSF certification can be used very sparingly because of their high level of effectiveness and are very environmentally friendly because of their all-synthetic content.
Hot Runner Technology
As the world’s first producer of additively manufactured hot runner technology, HASCO hot runner will again this year present a number of new 3D-printed hot runner components. The new Shadowfree technology eliminates the spider lines with needle valve systems and enables up to 40% faster colour changes in the hot runner. Additions have been made to the Single Shot portfolio with hardened nozzle tips and one-hole and Hot Tip torpedoes, which increase the application possibilities of the nozzle range several times. Innovative plug inserts allow fast and space-saving wiring of power/signal plugs to the mould, while state-of-the-art control technology simplifies the control of the hot runners.
With its extensive expertise in standard mould units and hot runners, HASCO provides its customers with individual solutions to all challenges that arise in the field of modern mouldmaking.
Half-Year Results: ALTANA Bolsters Business With Acquisitions And Innovation Investments, Sales Below Previous Year’s Level Due To General Economic Conditions
Sales decrease by 11 percent, amounting to 1,393 million euros
Half-year EBITDA margin at 14 percent
Research and development expenditure grows by 5 percent
Continued expansion through agreed acquisitions
Specialty chemicals group ALTANA reported an 11 percent decline in sales to 1,393 million euros in the first half of 2023 as a result of the general economic deceleration. This is predominantly attributable to a decrease in demand across diverse industrial sectors. Earnings before interest, taxes, depreciation and amortization (EBITDA) reached 196 million euros, 27 percent below the previous year’s figure. In addition to lower sales volumes, this was ascribed to the persistent elevated material costs. The EBITDA margin stood at 14.1 percent (previous year: 17.0 percent).
In spite of the high level of uncertainty in the market, ALTANA again increased its research and development expenditure by 5 percent to 99 million euros in the first six months of the current year. The specialty chemicals group augmented its investments, particularly in site expansion and further digitization, by 52 percent compared to the corresponding period last year. ALTANA also fortified its market standing through strategic acquisitions. “Especially in times of economic fluctuations, the significance of continued targeted investments in the future is paramount,” remarked Martin Babilas, CEO of ALTANA AG. “We keep on pushing forward innovative solutions aimed at addressing the critical challenges of our time – drawing on our own resources and by acquiring promising ventures.”
Second largest acquisition in the company’s history
Just a few weeks ago, ALTANA announced the acquisition of Von Roll Holding AG, based in Breitenbach, Switzerland. The transaction is the second largest acquisition in the company’s history. It encompasses the purchase of a majority stake from the previous owning family, alongside a public tender offer for the residual shares that are still traded on the Swiss stock exchange. In 2022, Von Roll generated net sales of 228 million Swiss francs with around 1,000 employees at 14 sites worldwide.
Von Roll is a leading specialist in electrical insulation systems. The company’s technologies and products are used in wind turbines, electric cars, and industrial plants, for example. The company’s novel insulation systems and special resins for the high-voltage sector are particularly future-oriented. Von Roll is to be integrated into the ELANTAS division. “We are combining the innovative strength of both companies to drive forward the expansion of electromobility and renewable energies,” says ALTANA CEO Martin Babilas.
ELANTAS’ products are already contributing to the ongoing energy transformation. The division’s wire enamel systems, for example, play a crucial role in enhancing the operational lifespan of wind turbine generators and expediting the recharging process for electric vehicles. Moreover, ELANTAS’ casting materials are presently integral to Europe’s first Hyperloop with passenger capsule, an innovative high-speed transportation solution.
ALTANA announced an additional acquisition at the beginning of August. The specialty chemicals group is acquiring the business of the U.S. company Imaginant Inc. to further strengthen its portfolio of testing and measuring instruments in the BYK division.
Economic weakness felt in all divisions
The prevailing economic fragility reverberated across all divisions. The largest division, BYK, recorded a 14 percent decrease in sales to 625 million euros.
Adjusted for acquisition and exchange rate effects, sales were 13 percent below the previous year’s level. The acquisition of the business of Imaginant Inc. will take effect in the second half of 2023. The effect pigments specialist ECKART achieved sales of 181 million euros, corresponding to a 15 percent decline in sales (both nominal and operating). ELANTAS, a supplier of electrical insulation materials, recorded sales of 324 million euros, down 8 percent (6 percent in operational terms) from the prior-year figure. ACTEGA’s sales fell by 8 percent (nominally and operationally), amounting to 262 million euros.
Europe remains strongest region in terms of sales
During the first half of 2023, all geographical regions were affected by the decreasing global demand as a consequence of the economic weakness. Europe, which remains the strongest region in terms of sales, garnered revenues of 543 million euros, marking an 8 percent decline (both nominally and operationally). Sales in Germany were down 12 percent (13 percent operationally). In the Americas, sales fell by 8 percent (10 percent operationally), aggregating to 403 million euros. The U.S. market decreased by 9 percent (10 percent operationally). Asia bore the most substantial impact, with sales declining by 19 percent (15 percent operationally), resulting in total sales of 419 million euros. This decline was predominantly driven by the Chinese market, which contracted by 22 percent (18 percent operationally) within the same timeframe.
The plastics industry in India is expanding quickly and has been instrumental in boosting the country’s economy. Manufacturers in the industry are increasingly focusing on making sure that operations are clean and efficient. What lubrication trends are currently dominating the Indian plastics industry?
The Indian plastics industry employs 4 million people and is a multi-billion-dollar industry that is greatly benefiting the country’s swiftly developing economy. Lubricants have a promising future in the plastic-processing market. Simultaneously, growing demand for plastics in various end-use markets such as construction, packaging, consumer goods, and automotive, as well as increased demand for lubricants to reduce frictional forces and improve processing and productivity of plastics manufacturing, are the major drivers for this market. Manufacturers in the sector are increasingly focusing on making their operations clean and efficient in order to maintain their growth trajectory while mitigating the negative environmental consequences of plastic waste. Mobil is driving change in this industry by focusing on making plastic manufacturing profitable and efficient.
ExxonMobil is well-known for its cutting-edge innovations. What are some of the smart product solutions that Mobil provides to help the plastics sector increase efficiency, optimize output, and pave the way for greater profitability?
Mobil is focused on innovating its products and services and enabling energy efficiency by assisting plastic manufacturers in strengthening their operations towards better productivity and profitability. A few key offerings for plastics manufacturers include the Mobil DTE 10 Excel Series anti-wear hydraulic oils which enable a quantifiable increase in hydraulic efficiency, reduce power consumption and increase machine output. These oils help keep modern hydraulic systems cleaner for longer and have been proven to boost hydraulic efficiency by up to 6 per cent*. Similarly, the Mobil DTE 20 Ultra Series oils are high-performance, anti-wear hydraulic oils with extended oil life capabilities that have demonstrated up to 2-times longer oil drain intervals versus similar competitive oils**. Mobil’s innovation in the hydraulic series includes the biodegradable, minimally toxic and non-bioaccumulative, which can be used in hydraulic systems where spills or leakage could result in an adverse environmental impact .
The significance of services integrate a company’s success has grown significantly. What are the primary services offered by Mobil to the plastics industry?
Mobil is developing key services that provide an extra edge while ensuring performance, profitability, and productivity. Our filtration service improves filter barrier performance and efficiency with its performance polymers. We are also driving technology to integrate the benefits of IIoT into mainstream operations. For instance, our Mobil Serv SM IIoT Insights is proving to be game-changing in integrating automation with manufacturing efficiency. For plastic manufacturers, it is a critical cloud-based solution that turns insights into action, taking businesses towards improved efficiency and overall productivity. This platform brings special benefits with AI/ML, automated monitoring and precise analysis that directly benefit machine performance and manufacturing efficiency.
What initiatives is Mobil taking to integrate sustainability and productivity in the plastics industry?
Mobil is helping create value by advancing customers’ mobility, productivity, and sustainability ambitions. We are a categorical leader in the diversion of waste in lubricant facilities. All Mobil products manufactured in the company’s global network of lubricant facilities carry the Underwriters Laboratories Zero Waste to Landfill, Silver Validation, first earned in 2018. Additionally, ExxonMobil continues to be the first and only finished lubricants marketer to carry the credential, and each year diverts more than 90% (over 50,000 tons) of lubricant operations waste from landfills into new productive uses.
We are also leveraging our scale and integration to increase production of certified circular plastics to meet growing demand. In Dec 2022, ExxonMobil announced successful startup of one of the largest advanced recycling facilities in North America. The facility at the company’s integrated manufacturing complex in Baytown, Texas, uses proprietary technology to break down hard-to-recycle plastics and transform them into raw materials for new products and is capable of processing more than 80 million pounds of plastic waste per year, supporting a circular economy for post-use plastics and helping divert plastic waste currently sent to landfills.
Further, we are taking steps to incorporate recycled plastics in finished lubricant product packaging, helping convert waste to value. For this, Mobil is driving an initiative to transition to 50% Post Consumer Recycled(PCR) plastic pails – helping customers reduce waste, convert waste to value and advance sustainability ambitions. The PCR drives use of recycled plastic, helping reduce plastic waste, and enabling sustainable progress.
Corporate Separateness Disclaimer
“(Exxon Mobil Corporation has numerous affiliates, many with names that include ExxonMobil, Exxon, Esso, and Mobil. For convenience and simplicity, those terms, and references to “corporation,” “company,” “ExxonMobil,” “EM,” and other similar terms are used for convenience and may refer to one or more specific affiliates or affiliate groups.)”
*The energy efficiency of Mobil DTE 10 Excel relates solely to the fluid performance when compared to conventional Mobil-branded hydraulic fluids. The technology used allows up to 6% increase in hydraulic pump efficiency when tested in standard hydraulic applications under controlled conditions. The energy efficiency claim for this product is based on test results on the use of the fluid conducted in accordance with all applicable industry standards and protocol. Results may vary based on operating conditions and equipment.
**with a viscosity index around 100 and a zinc-based anti-wear system – meeting at least ISO 11158 (L-HM) and/or DIN 51524-2 (HLP type) requirements.
Must Leverage AI And Enzyme-Based Technology To Reduce The Environmental Footprint: Ashok Chaturvedi
At a keynote address at the 10th Speciality Films & Flexible Packaging Global Summit 2023, Mr. Ashok Chaturvedi, Founder, Chairman and Managing Director, UFlex Group, highlighted how technologies like artificial intelligence, machine learning, and enzymatic processing can accelerate sustainable innovation in flexible packaging. The Elite Global Summit, being held at the prestigious Reliance Jio World Convention Centre in Mumbai, India, began today and features discussions on the Indian economic landscape, current trends in the FMCG sector, and the impact on packaging.
UFlex Group Chairman and Managing Director, Mr. Ashok Chaturvedi, delivered a thought-provoking keynote address at the inaugural session.
He reflected on the evolution of the plastics industry, stating, “Back in the 1960s, when chemical companies were developing large-scale plastic production facilities, they coined the slogan: If you want to save the planet, use plastic. We truly believe that today, if producers can reach consumers globally, it is possible only because of flexible packaging. Historically, when chemical companies were producing plastic in the 60s, they had to struggle with their selling proposition, and the production size used to be 1500 tons per year. Today, the production size has increased to a million tons per year. MLP (multi-layer plastic) as opposed to mono-material packaging, coupled with a robust recycling ecosystem and bio-enzyme technology will propel the industry to the next phase of growth”.
“Today, whatever we are producing needs to be recycled. At UFlex, we have made significant investments in industrial and MLP (multi-layer mixed plastic) waste recycling facilities across our global locations and very recently, in enzyme-based delamination and recycling technology for aseptic packaging. We should continue to focus on mechanical recycling. Chemical recycling may not be happening today but will happen in the future”, he added.
Mr. Chaturvedi reiterated the need to use machinery and AI to collect and sort waste rather than allowing waste workers to do that manually. “That is not the most effective or sustainable way of creating employment for the marginalized waste workers”, he emphasized. “Waste collection and adequate access to post-consumer waste is one of the biggest problems that we face in India. It is critical to recognize that it is not the process of recycling that presents the most significant hurdle in addressing plastic pollution. Rather, it is the efficient and holistic collection and management of plastic waste that emerges as the cornerstone of our battle”, he concluded.
The event features specialized sessions dedicated to sustainability with panel discussions on the critical issues facing the industry with eminent speakers from the Central Pollution Control Board of India (CPCB), the Ministry of Environment and Forests (MOEF), and the Central Pollution Control Board (CPCB) of the Government of India.
The 10th Speciality Films & Flexible Packaging Global Summit 2023 included keynote addresses by Mr. Ashok Chaturvedi, Founder, Chairman & Managing Director, UFlex Group, Mr. Nilesh Shah, Group President & MD, Kotak Mahindra Asset Management Co. Ltd., Mr. Prabh Das, Managing Director & CEO, HPCL-Mittal Energy Ltd., Ms. Prabha Narasimhan, Managing Director & CEO, Colgate-Palmolive (India) Ltd., and Mr. Harsh Mariwala, Founder and Chairman, Marico Ltd. It also showcases more than 100 exhibitors and a strong presence of most brand owners.
New plant one of several similar investments into the Elastomers business across the globe
Products can be used in offshore wind turbines and to manufacture photovoltaic panels, among others
Covestro has started production in its new plant for polyurethane elastomers systems at its integrated site in Shanghai, China. Groundbreaking for it had been announced in summer 2022. The investment is in the double-digit million Euro range. It is part of a series of investments in the Elastomers raw materials business the company undertook in the past few years worldwide, e.g. in its sites in Thailand and Spain. The new plant in Shanghai shall help meet ever rising demand for the material in the Asia-Pacific region, for example in renewable energy applications such as offshore cable protection and silicon wafer cutting rollers of photovoltaic panels, among others.
“We provide materials that help to facilitate a more climate-neutral and circular world. The products to be manufactured at our new plant in Shanghai are an excellent illustration of this, as they will assist our customers in meeting the increasing demand for renewable energy solutions,” says Sucheta Govil, Chief Commercial Officer at Covestro. “In doing so, we are supporting the growth of an industry that is vital for preserving our climate. Furthermore, we are promoting sustainability in various industries by supplying materials containing renewable attributes.”
The polyurethane elastomers systems produced in the site can be used for a variety of end products. For offshore windpower, the protection of subsea cables is a core application area. The material is also used in the manufacturing process of photovoltaic panels or in screening medias in the mining industry. In all of the above, it is designed for purpose in close collaboration with customers to withstand even the harshest of conditions thanks to its excellent wear, tear and abrasion resistance.
“We want to support the growth of our customers and partake in the growth of key industries. As we expect the Elastomers market to grow above China’s gross domestic product, we want to enable our customers to capture it. That is what we do with our overall investments into our Elastomer business, and with this investment in our new plant in Shanghai right now,” said Dr. Thomas Braig, Head of the Business Entity Elastomers.
The new plant is the latest addition to the Covestro Integrated Site Shanghai (CISS), Covestro’s single largest production site worldwide. CISS is now home to twelve plants. Since 2001, the company has invested about 3.7 billion Euro into the site as of the end of 2022.
Holly Lei, President of Covestro in China, said, “Our company’s vision of becoming fully circular and our target of being operationally climate neutral by 2035 are perfectly aligned with China’s ambitions to be carbon neutral before 2060. The products we produce in CISS and this addition of polyurethane elastomers systems position us to make meaningful contributions to sustainability efforts in China and in the entire region, for example in the area of renewable energy generation.”
CISS is also among Covestro’s ISCC PLUS (International Sustainability and Carbon Certification) certified sites. This means it is capable of supplying customers with drop-in, mass-balanced materials derived from renewable attributed products, thereby helping customers to reduce their carbon footprint. To make more sustainable products easier to distinguish, Covestro introduced the suffix “CQ”. CQ stands for “Circular Intelligence” and identifies products containing a minimum of 25 percent alternative raw materials.
Dow’s Sustainable Packaging Solutions Enable Mengniu to Launch All Polyethylene Yogurt Pouch Designed for Recyclability in China
Brands join forces to empower the possibilities of closed-loop recycling.
Dow (NYSE: DOW), a global materials science company, has partnered with Mengniu, a leading dairy company in China, to launch an all-polyethylene (PE) yogurt pouch designed for recyclability. This innovation strengthens both companies’ commitment to achieving a circular economy in China.
Leveraging the materials science expertise of Dow and the collaboration across the value chain, Mengniu developed its first all-PE yogurt pouch designed for recyclability. Dow’s INNATE™ TF-BOPE resins help ensure that packaging maintains its superior appearance and productiveness. The newly developed all-PE packaging enabled by INNATE™ TF-BOPE resins is a breakthrough for the dairy industry, as it enables traditional hard-to-recycle packaging to be integrated into closed-loop recycling streams through responsible recycling and mechanical recycling technology, providing consumers with more choices of sustainable packaging.
“This partnership with Mengniu is a milestone for both brands to pioneer all-PE dairy packaging designed for recyclability in China. The country’s ambition to work towards Zero-waste Cities has changed how it tackles plastic waste. This collaboration is a significant step in facilitating recyclability and empowering the possibilities for recycled packaging to be transformed into high-value applications through responsible disposal and appropriate recycling process, reducing our industry’s reliance on unrenewable resources. Through our advanced research and development capabilities, we strive to help brand owners like Mengniu to take action and deliver on their sustainability commitments,” said Bambang Candra, Asia Pacific commercial vice president of Dow Packaging and Specialty Plastics.
Mengniu set a goal to achieve 100% technically recyclable packaging by 2025, striving to adopt low-carbon packaging in all product lines. Environmental-friendly manufacturing is an important pillar of Mengniu’s sustainability strategy, and adopting more sustainable packaging is one significant action to fulfil the commitment.
Mengniu’s yogurt with this all-PE packaging designed for recyclability will be unveiled at the 2023 International Dairy Forum from Aug 4 to Aug 7 in Hohhot, a major city in Northern China, and will be available starting from supermarkets across the city.
Tunnel gate inserts, hot runner systems, mold accessories and coatings will, with immediate effect, now come from Michelstadt
I-mold was newly founded as a separate, independent supplier to manufacturers of injection molding tools. Very recently – on August 1st – the company moved to its newly built premises in Michelstadt. On a total area of 760m², it offers comfortable space conditions for CEO Andy Walter and his staff in development, production, marketing and logistics, as well as plenty of room for the expansion targeted in the coming years.
One of the things that has been customary for the last twenty years or so and will certainly remain unchanged is the customer-oriented focusing on highly wear-resistant, easy-flow tunnel gate inserts. In a wide variety of applications, these have proved to be particularly convenient solutions for injection molded parts, which –unrecognizably from the outside – are injection molded from underneath or from the side, which is especially beneficial for visible parts.
Hot runner systems from Heatlock, sprue adjusters for switching off and/or redirecting the melt flow in the gating system, and the Nanomold mold coating, which protects the mold surfaces and prevents problems with adhering substances or during demolding, will continue to supplement the portfolio, which is directly accessible to customers from i-mold or via the global network of distributors.
CEO Walter: “Our tunnel gate inserts, which are supplied in a wide variety of different geometries and dimensions, are currently being used in 33 countries across all industries. The current demand from our customers stands at around 15,000 units a year. We also see continuously growing demand for the coming years. Thanks to our investment in the spacious rooms of our new company headquarters, we now have the capacities to drive forward with new developments and to continue in the future fulfilling the demands of our customers quickly and comprehensively.”
ELIX Polymers Receives the ESG Gold Certification from EcoVadis
The company ELIX Polymers, global leader in the manufacture of thermoplastics, has renewed the EcoVadis gold certification in environmental, social and governance (ESG) responsibility in the ranking prepared by EcoVadis, an independent rating agency specialising in sustainable development and performance control.
The overall result obtained by ELIX Polymers places the company head and shoulders above its competitors, making it one of the 2% of evaluated companies with the highest score. The evaluation consists of 4 scores that assess the company’s milestones and development in areas related to the environment, social/human rights, ethics/fair business practices and supply chain, thus reflecting the excellent performance of ELIX Polymers in ESG.
The company has earned an overall score exceeding 75/100, thereby placing it among the best assessed companies. ELIX Polymers remains committed to contributing to the transformation of industry towards a sustainable development model based on a circular and low-carbon economy. As a part of this transformation, the leading ABS company is working to achieve the complete integration of sustainability in its business model through its Circularity and Responsible Innovation, Sustainable Operations and Social Responsibility programmes.
David Castañeda, company CEO, had this to say: “We are proud to have obtained this rating, which recognises the advances made in the integration of sustainability in our company’s strategy. Thanks to the excellent work of our team, we will continue to make progress to achieve the ambitious goals that we have set to offer more sustainable solutions”.
Yashoda Medicity, Indirapuram and Draeger India Join Forces to Establish South Asia’s one of the Largest Modular ICU Setup and Cutting-Edge Medical Gas Management System in India
The partnership between Yashoda Medicity, Indirapuram and Draeger India Private Ltd. brings together their collective expertise in hospital management, medical technology, and patient-centric care
Aiming to establish a state-of-the-art healthcare facility in India that integrates the latest technologies, exceptional patient comfort, and optimal clinical outcomes
Setting a benchmark for critical care facilities in the region
Yashoda Medicity, the upcoming healthcare facility by Yashoda Foundations in Indirapuram, is collaborating with Draeger India, a renowned global medical and safety technology solutions provider. Yashoda Medicity is the new addition to the renowned healthcare institution Yashoda Super Speciality Hospital, well acknowledged for its exceptional patient care and facilities. Together, Yashoda Medicity and Dräger are embarking on a groundbreaking initiative to establish one of the largest modular Intensive Care Unit (ICU) setup in South Asia. The focus of this project is to prioritize infection prevention control, patient and staff safety, and enhanced hospital efficiency, while ensuring adaptability to respond to the ever-evolving needs of the hospital.
The upcoming Yashoda Medcity project in Indirapuram, Ghaziabad, spans across 8 acres of land and will house a state-of-the-art 250-bedded modular ICU. This landmark infrastructure project will significantly strengthen the healthcare sector in Delhi NCR, Uttar Pradesh, and neighboring states of India.
Dr. P. N Arora, Chairman and MD of Yashoda Super Speciality Hospitals, Kaushambi and Trustee of Yashoda Foundations expressed his enthusiasm about the collaboration, stating, “Our partnership with Draeger India marks a significant milestone in our commitment to delivering exceptional healthcare services. The exceptional modular ICU setup in South Asia will allow us to provide unparalleled patient care, ensuring safety, efficiency, and setting the highest standards of healthcare delivery in India”.
This monumental collaboration reflects Yashoda’s unwavering commitment to fostering ambitious collaborations and investments within the healthcare landscape of the country.
“This collaboration underscores our dedication and expertise in designing and constructing holistic healthcare facilities that perfectly aligns with our shared vision of improving healthcare delivery in South Asia. This state-of-the-art facility will be a remarkable addition to our offerings in India. As a company, we are proud to be part of this ambitious project and look forward to the positive impact this endeavor will have on healthcare delivery in the region,” said Dhritimay Dhar, Vice President of Sales and Marketing at Draeger India.
With its reputation for cutting-edge products and technological advancements, Dräger brings invaluable expertise to the table. Their strong legacy combined with profound understanding of the needs of healthcare providers, positions them to significantly contribute to the development of the hospital’s infrastructure. This includes offering consultation and installation services for medical gas management systems, modular ICU setups, operation theaters, and other therapeutic care technologies.
“We are delighted to partner with Yashoda Medicity and Yashoda Super Speciality Hospital to establish the facility that integrates the latest technologies, exceptional patient comfort, and optimal clinical outcomes. The modular ICU’s incredible customization and design flexibility will not only enhance patient safety and operational efficiency but also provide the flexibility to easily scale up or down to meet evolving needs. Undoubtedly, this infrastructure has the potential to revolutionize the patient and care-giver experience in India, setting a new standard for excellence”, said Christian Wurm, Regional Marketing Manager, APAC Region, Draeger Singapore.
The partnership between Yashoda Medicity and Draeger India brings together their collective expertise in hospital management, medical technology, and patient-centric care. The project will not only strengthen the infrastructure of Yashoda Medicity, Indirapuram but also present a progressive benchmark that advances critical care facilities in the region.
“We are thrilled to embark on this momentous endeavor with Draeger India,” said Dr. Upasana Arora, CEO & Managing Director of Yashoda Super Speciality Hospitals and Trustee of Yashoda Foundations. “This collaboration represents a significant milestone in our mission to provide world-class healthcare services to our patients. This initiative will play a transformative role in shaping the future of healthcare ecosystem, and we are pleased that we have taken the first steps towards its realization,” added Dr. Upasana.
The construction of the medical gas management system and the modular ICU setup is already underway and is expected to be completed within the next few months. Once operational, the facility will significantly enhance the critical care capabilities of Yashoda Medicity, providing patients with access to state-of-the-art medical care in a cutting-edge environment.
Disclaimer
Dräger is an international leader in the fields of medical and safety technology. Our products protect, support, and save lives. Founded in 1889, Dräger generated revenues of around EUR 3 billion in 2022. The Dräger Group is currently present in over 190 countries and has more than 16,000 employees worldwide.
Please visit www.draeger.com for more information.
SIG’s Path to Net-Zero Approved by the Science Based Targets Initiative (SBTi)
SIG, a leading solutions provider of sustainable packaging, has received approval for its group-wide Net-Zero science-based target from the Science Based Targets initiative (SBTi). The company has committed to reach net-zero greenhouse gas (GHG) emissions across its value chain by 2050 – the most ambitious commitment available through the SBTi process. Of the 2,000+ companies globally with a public net-zero pledge, SIG is among the first 300 companies to have its target validated by the SBTi.
The company, headquartered in Switzerland, recently celebrated 170 years of operations. It has set a new series of near and long-term science-based emissions reduction targets with the SBTi, committing to reach net-zero – the point at which a balance is achieved between emissions produced and emissions taken from the atmosphere – by 2050. These targets are significantly more ambitious than the company’s previous GHG reduction targets, approved by the SBTi in 2018 and 2020. The move sees SIG look beyond its own operations and commit to the decarbonization of its full value chain in line with climate science.
SIG’s new near-term 2030 commitments (using 2020 as the baseline year) include:
42% absolute reduction of scope 1 and 2 GHG emissions
100% renewable electricity through 2030
51.6% reduction of scope 3 GHG emissions per liter packed
SIG’s new long-term 2050 targets include:
90% absolute reduction of scope 1 and 2 GHG emissions
97% reduction of scope 3 GHG emissions per liter packed
Samuel Sigrist, CEO at SIG: “The approval of our Net-Zero pathway by the SBTi is a milestone achievement that showcases our dedication to decarbonizing our operations and value chain. Our new targets are considerably bolder than our previous GHG reduction targets and have been well received by our stakeholders. Decarbonizing our business will not be an easy task, but we’re excited to speed up our journey to net-zero as one of the first 300 companies that have received SBTi approval.”
Angela Lu, President and General Manager, Asia Pacific South at SIG: “SIG’s journey to become a net-positive business includes creating packaging “for better” that gives more to people and the planet than it takes out. We are committed to keep reducing our carbon footprint until we capture more carbon from the atmosphere than we emit, while ensuring our sustainable innovations help customers get more food to consumers around the world in even more safe, sustainable, and affordable ways.”
Meeting the Paris Agreement goals and limiting global warming to 1.5°C requires net-zero carbon emissions globally by 2050. The SBTi’s rigid approval process helps ensure that SIG is using a robust, clear, and scientific framework to contribute to global efforts to mitigate climate change impacts.
The main ways SIG is reducing its operational emissions (scope 1 and 2) are its 100% renewable electricity commitment and outstanding on-site solar installation program, as well as exploring low carbon energy sources to lower direct emissions.
SIG’s Rayong Plant in Thailand was the first of its kind in the region, when it installed a solar roof in 2018, covering an area of 17,664 sqm. This solar project with 12,350 panels can produce up to 5675 megawatt hours of electricity per year which in turn reduces (CO2) emissions by 12,871 tonnes since July 2018, equivalent to offsetting of CO2 by 280 to 415 trees or a forest area of 10,000 sqm.
SIG’s products play a major role in reducing emissions across the value chain (scope 3), due to the amount and types of raw materials used. Going forward, the company’s priorities are to use less aluminum foil in its aseptic carton packs, work with suppliers to reduce emissions across the supply chain, further improve energy efficiency with new filling lines, and increase collection and recycling of used packaging.
