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DIEFFENBACHER optimizes material utilization Material-efficient carbon and SMC component production with Fiberforge and SMC cutting and packaging system

DIEFFENBACHER optimizes material utilization Material-efficient carbon and SMC component production with Fiberforge and SMC cutting and packaging system

More than anything else, sustainable production means saving resources and using valuable raw materials as efficiently as possible. With its Fiberforge tape laying system and the fully automatic SMC cutting and packaging system, DIEFFENBACHER, a supplier of complete composite systems, offers two solutions that significantly reduce material consumption in the production of carbon and SMC components.

The DIEFFENBACHER Fiberforge enables fully automated production of layups from thermoplastic UD tapes for small and large series production. Using the special DIEFFENBACHER nesting method, the tapes are cut to the required length and combined into a layup in a load-oriented manner via a rotary table. “In the process, the tape ends can be trimmed at any angle between -45° and 45° to produce a contour with minimum waste,” explains Marco Hahn, Sales Manager of the Forming Business Unit at DIEFFENBACHER.

Different tape types, even with varying widths, thicknesses and reinforcing fibers, can be combined in one component without manual intervention. “The high degree of automation enables consistent component quality and high flexibility in component design. Compared to organo sheets, our customers achieve high material savings with the Fiberforge. In one sample application, we achieved just 6.7% waste with the Fiberforge, while with the organo sheet there was more than 50% waste. In addition, the angle cut enables diagonal cuts of the tapes and thus saves valuable material,” says Hahn.


By combining length and width cuts, the DIEFFENBACHER SMC cutting and packaging system can generate all conceivable cutting patterns. In accordance with the desired lay pattern, the intelligent nesting control determines the cutting pattern and optimizes material use. Weight deviations from the raw material are measured and actively compensated for in downstream stacking. Error-prone manual steps that could affect production quality are eliminated.

“Combined with our lay-up robotics and our stacking gantry, which is used to package individual blanks before they are inserted into the die, we offer our customers maximum flexibility for realizing the most complex lay-up patterns,” states Hahn. “We also help customers produce more sustainably, efficiently and cost-effectively with our solutions for minimizing energy consumption, which include our short-stroke presses and adaptive accumulator management,” Hahn adds. “Together with our customers, we are continuously working on implementing further ideas to increase sustainability.”

Coca-Cola Collaborates with Tech Partners to Create Bottle Prototype Made from 100% Plant-Based Sources

Coca-Cola Collaborates with Tech Partners to Create Bottle Prototype Made from 100% Plant-Based Sources

 

The Coca‑Cola Company’s sustainable packaging journey crosses a major milestone this week with the unveiling of its first-ever beverage bottle made from 100% plant-based plastic, excluding the cap and label, that has been made using technologies that are ready for commercial scale. The prototype bottle comes more than a decade after the company’s PlantBottle™ debuted as the world’s first recyclable PET plastic bottle made with up to 30% plant-based material. A limited run of approximately 900 of the prototype bottles have been produced.

 

“We have been working with technology partners for many years to develop the right technologies to create a bottle with 100% plant-based content—aiming for the lowest possible carbon footprint—and it’s exciting that we have reached a point where these technologies exist and can be scaled by participants in the value chain,” said Nancy Quan, Chief Technical and Innovation Officer, The Coca‑Cola Company. 

 

PET, the world’s most recycled plastic, comprises two molecules: approximately 30% monoethylene glycol (MEG) and 70% terephthalic acid (PTA). The original PlantBottle™, introduced in 2009, includes MEG from sugarcane, but the PTA has been from oil-based sources until now. PlantBottle™ packaging looks, functions and recycles like traditional PET but has a lighter footprint on the planet and its resources.

 

Coca-Cola’s new prototype plant-based bottle is made from plant-based paraxylene (bPX) – using a new process by Virent – which has been converted to plant-based terephthalic acid (bPTA). As the first beverage packaging material resulting from bPX produced at demonstration scale, this new technology signals a step-change in the commercial viability of the biomaterial. The bPX for this bottle was produced using sugar from corn, though the process lends itself to flexibility in feedstock.

 

The second breakthrough technology, which The Coca-Cola Company co-owns with Changchun Meihe Science & Technology, streamlines the bMEG production process and also allows for flexibility in feedstock, meaning more types of renewable materials can be used. Typically, bMEG is produced by converting sugarcane or corn into bioethanol as an intermediate, which is subsequently converted to bioethylene glycol. Now, sugar sources can directly produce MEG, resulting in a simpler process. UPM, the technology’s first licensee, is currently building a full-scale commercial facility in Germany to convert certified, sustainably sourced hardwood feedstock taken from sawmill and other wood industry side-streams to bMEG. This marks a significant milestone toward the commercialization of the technology.

 

“The inherent challenge with going through bioethanol is that you are competing with fuel,” said Dana Breed, Global R&D Director, Packaging and Sustainability, The Coca-Cola Company. “We needed a next-generation MEG solution that addressed this challenge, but also one that could use second generation feedstock like forestry waste or agricultural byproducts. Our goal for plant-based PET is to use surplus agricultural products to minimize carbon footprint, so the combination of technologies brought by the partners for commercialization is an ideal fit with this strategy.”

 

In 2015, Coca-Cola unveiled its first prototype for a 100% bio-based PlantBottle™ at the Milan Expo using lab-scale production methods to produce bPX. This next-generation 100% plant-based bottle, however, has been made using new technologies to produce both biochemicals that make the bottle and are ready for commercial scaling.

“Our goal is to develop sustainable solutions for the entire industry,” Breed said. “We want other companies to join us and move forward, collectively. We don’t see renewable or recycled content as areas where we want competitive advantage.”
 

Since introducing PlantBottle™, Coca-Cola has allowed non-competitive companies to use the technology and brand in their products—from Heinz Ketchup to the fabric interior in Ford Fusion hybrid cars. In 2018, the company opened up the PlantBottle™ IP more broadly to competitors in the beverage industry to scale up demand and drive down pricing.

 

As part of its World Without Waste vision, Coca-Cola is working to make all its packaging more sustainable, including maximizing use of recycled and renewable content while minimizing use of virgin, fossil material. The company has pledged to collect back the equivalent of every bottle it sells by 2030, so none of its packaging ends up as waste and old bottles are recycled into new ones; to make 100% of its packaging recyclable; and to ensure 50% of its packaging comes from recycled material.

 

This innovation supports the World Without Waste vision, specifically the recently announced target to use 3 million tons less of virgin plastic from oil-based sources by 2025. The Coca‑Cola Company will pursue this 20% reduction by investing in new recycling technologies like enhanced recycling, packaging improvements such as light-weighting, alternative business models such as refillable, dispensed and fountain systems, as well as the development of new renewable materials.

 

In Europe and Japan, Coca-Cola, with its bottling partners, aims to eliminate the use of oil-based virgin PET from plastic bottles altogether by 2030, using only recycled or renewable materials. While the majority of plastic packaging material will come from mechanically recycled content, some “virgin” material will still be needed to maintain quality standards. That’s why Coca-Cola is investing in and driving innovation to boost the supply of feedstock from renewable technologies as well as from enhanced recycling technologies. Enhanced recycling “upcycles” previously used PET plastics of any quality to high quality, food grade PET.

 

“We are taking significant steps to reduce use of ‘virgin’, oil-based plastic, as we work toward a circular economy and in support of a shared ambition of net-zero carbon emissions by 2050,” Quan said. “We see plant-based plastics as playing a critical role in our overall PET mix in the future, supporting our objectives to reduce our carbon footprint, reduce our reliance on ‘virgin’ fossil fuels and boost collection of PET in support of a circular economy.”

https://www.coca-colacompany.com/

AQUAPAK SAYS IT IS RIGHT TO RAISE THE PROBLEMS THAT WET WIPES ARE CAUSING BUT TECHNOLOGIES ARE AVAILABLE NOW TO MAKE THEM ENVIRONMENTALLY FRIENDLY

AQUAPAK SAYS IT IS RIGHT TO RAISE THE PROBLEMS THAT WET WIPES ARE CAUSING BUT TECHNOLOGIES ARE AVAILABLE NOW TO MAKE THEM ENVIRONMENTALLY FRIENDLY

Labour MP Fleur Anderson says that as well as causing environmental damage, the cost of clearing wet wipes from blocked drains ends up on our water bills.  She is proposing a new law to ban the sale or manufacture of wet wipes that contain plastic. 

 

Commenting on the proposals, John Williams, Chief Technical Officer at Aquapak, said: “We are pleased that the issue of the environmental damage being caused to our sewerage systems and  waterways by wet wipes  is being raised. Current wet wipe design focusses on use rather than  disposal and we need to move to innovative materials to answer the problem whilst allowing continued use of this very useful product.”

 

“Our patented technology means there is now a solution to the problem. Aquapak’s Hydropol material allows the creation of completely flushable and biodegradable wet wipes on existing manufacturing equipment, whilst also using the functional properties of Hydropol – high tensile strength, controlled water solubility, excellent resistance to oils and greases. It gives wet wipe manufacturers not only an environmentally friendly product, but one which is highly functional and acceptable to the consumer.

 

“Therefore an outright ban on plastic in the manufacturing of wet wipes isn’t necessary; rather the focus should be on the selection of innovative and enabling materials to maintain the useful properties of wet wipes whilst resolving the problems of environmental damage, blocked drains and preventing associated costs from being passed onto consumers.“

 

HydropolTM – all the benefits of plastic without causing problems in rivers or sewers

Aquapak has developed a novel biodegradable, non-toxic and water-soluble polymer called HydropolTM which is three times stronger than alternatives and is designed to be used in existing thermo-processing equipment, giving it a wider range of applications.  HydropolTM enables nonwovens to retain their strength whilst enabling flushability and safe biodegradation.

 

The base plastic is currently used for dishwasher tablets, ingestible pill casings and soluble stitches.  HydropolTM ‘s resistance to low temperature solubility and high barrier to elements adds functionality, providing a wider range of uses.  It can be recycled, re-pulped, composted and is distinctively compatible with anaerobic digestion.  Furthermore, if unintentionally released into the natural environment or waste water system, HydropolTM – which is non-toxic to the environment and marine safe – will dissolve and subsequently biodegrade, leaving no trace.   

 

Blown film products commercially available and made from HydropolTM include garment bags, ESD bags, organic waste disposal bags and laundry bags for infection control.  Its solubility makes it easy to separate from other materials, simplifying the confusing recycling options that exist for different packaging.

Extrusion coatings and laminates for paper/board applications are at customer production trial stage, including a number of home delivery and ecommerce applications, packaging for dried pet food, snacks, cooked meat and convenience food applications.

 

Nonwoven fibres for applications such as wet wipes and cellulose combinations for thermoformed trays are currently in development and laboratory scale spunbond and meltblown fibres have been developed with collaboration partners such as NIRI.

www.aquapakpolymers.com

Life cycle assessment of Mondi’s paper for pallet wrapping shows lower climate impact

Life cycle assessment of Mondi’s paper for pallet wrapping shows lower climate impact

  • Mondi commissioned an independent life cycle assessment (LCA) comparing its Advantage StretchWrap paper to conventional plastic stretch film.
  • The ISO-based approach shows that the new paper pallet packaging performs better in several environmental impact categories including climate change, with 62% lower greenhouse gas (GHG) emissions when compared to virgin plastic stretch film.
  • Mondi sees LCAs as a useful tool to analyse advantages of different material solutions and guide decision-making.

04 November 2021 – Mondi, global leader in packaging and paper, commissioned a life cycle assessment (LCA) comparing its new ground-breaking paper pallet wrapping innovation, Advantage StretchWrap, with conventional plastic stretch film wrapping. The full study was conducted by an external consultancy, is ISO-compliant and includes an external critical review. Based on the assumption that both materials are recycled at the end-of-life, the findings showed that the paper-based pallet wrapping by Mondi has a lower climate impact as one of the LCA indicators.

The basis of comparison is the potential environmental impacts arising from wrapping one pallet. The LCA examined 16 indicators to understand potential trade-offs between the two materials. It covers all relevant life cycle stages, from raw material extraction, production, up to the application on a pallet at the customer. In addition, the impact of the end-of-life stage is assessed.

The LCA found that Advantage StretchWrap has 62% lower greenhouse gas (GHG) emissions when compared to virgin plastic stretch film, and 49% lower GHG emissions when compared to plastic stretch film made with 50% recycled content. Advantage StretchWrap has a lower environmental impact than plastic in a number of categories including climate change and fossil resource use. The plastic stretch film did perform better in some indicators, such as land use and freshwater eutrophication.

Karoline Angerer, Product Sustainability Manager Kraft Paper & Paper Bags, Mondi, says: “Given the complexities of material choice, we see independent critical reviews as essential to ensuring LCAs that deliver objective and reliable results focusing on the environmental benefits of each material. At Mondi, we use these results as part of our decision-making process in line with our MAP2030 sustainability commitments. Our customers value our attention to detail and how we partner using our EcoSolutions approach to develop solutions that are sustainable by design.”

Gamut Capital Management to Acquire Davis-Standard

Gamut Capital Management to Acquire Davis-Standard

Gamut Capital Management, L.P. (“Gamut”), a leading New York-based middle market private equity firm, has announced today that they have signed a definitive agreement to acquire Davis-Standard, LLC and its affiliates (“Davis-Standard”) from ONCAP, the middle-market private equity platform of Onex (TSX:ONEX).

Davis-Standard is a leading supplier of extrusion and converting systems and related aftermarket products and services for the rigid packaging, flexible packaging and infrastructure end-markets with an installed base of approximately $7.5 billion of equipment globally.

“We are excited to partner with the Gamut team during this next phase of Davis-Standard’s long history as a provider of highly engineered solutions to an extensive base of industry-leading customers. The resources Gamut brings to this investment will enable us to not only accelerate growth within our markets but also transform Davis-Standard into a leading, value-added global process solutions business,” said Jim Murphy, CEO of Davis-Standard. “We achieved great growth and performance under ONCAP’s successful ownership and look forward to leveraging the strong foundation we built as we move into our next phase of growth.”

Jordan Zaken, Founding Partner of Gamut, said, “We are very excited to continue to grow the company alongside the Davis-Standard management team. As a leading player in extrusion and converting technologies for the packaging and infrastructure sectors, Davis-Standard offers not only the opportunity to expand with customers in fast-growing end markets, but also to further extend its service offering to support its customers in the aftermarket. Gamut is excited to continue to invest in the business to bolster the comprehensive solutions Davis-Standard provides to its customers in the areas of efficiency, sustainability and automation technology.”

Financial terms of the transaction were not disclosed. The transaction, which is subject to customary closing conditions, is expected to close in the fourth quarter of this year.

www.gamutcapital.com

arburgXvision 9: “Mould Strategy 2.0 – new ideas for reducing costs!”

arburgXvision 9: “Mould Strategy 2.0 – new ideas for reducing costs!”

  • Ninth live programme: Around 450 viewers followed the interactive TV format
  • Expert presentations: Correctly configuring, maintaining, and protecting injection moulds against wear
  • Live presentation: Conserving moulds and machines and keeping processes constant

Lossburg, 02/11/2021

Once again, “arburgXvision” had a fascinating topic lined up for its viewers: “Mould Strategies 2.0”. In the ninth episode, Arburg experts Christoph Blöchle and Christian Homp presented strategies for significantly increasing the utilisation rate of injection moulding machines. In addition to the expert presentations, there were instructive live links hosted by Philipp Jarosch in Arburg’s Training Center. Around 450 people watched the interactive internet TV programme live on 28 October 2021. Anyone registered with “arburgXvision” can watch this and all previous episodes in the Media Centre.

In what was once again a very entertaining two hours, the experts competently shared valuable ideas and inspiration and interacted live with viewers to answer key questions. The main topics in theory and practice were strategies for protecting, preparing and monitoring injection moulds as well as tips for combating wear.

Interaction of machine, mould and controller

Christoph Blöchle, Technical Sales Manager at Arburg, argued that “each mould is only as good as the machine that it runs on”, adding that the aim was to produce high-quality mass-produced parts with an optimal price/performance ratio. This requires a low machine load, little wear on the mould, and fault-free operation. “In
other words, ‘Mould Strategy 2.0’ means the perfect interaction of machine, mould and controller," Christoph Blöchle underlined in his technical presentation. Machine technology plays a major role when it comes to symmetrical force application, platen parallelism and force distribution on the tie bars, for example. Key tips from an expert on protecting your mould: If there are process variations, the machine alignment should be checked first and the toggle-type clamping units adapted to different mould installation heights to ensure constant clamping force.

 

Strategy: Increase reliability – reduce wear

“The best mould strategy is actually really simple: increase reliability and reduce wear,” declared Christian Homp, Team Manager Applications. He went on to stress how important it was to find the perfect compromise between controllable technology and a high utilisation rate. “This starts with the selection of the right material, but also covers the issue of the use of hot runners and ejectors, considerations on flow path wall thickness ratios, and the selection of the right injection unit, drive technology and peripheral equipment,” said Christian Homp. As a supporting tool, he presented the “MachineFinder”, which can be used to determine the optimum machine technology for the requirements of the part and mould. He also explained how assistants such as the “aXw Control ScrewPilot” and “aXw Control ReferencePilot” provide support in a way that is easy on the mould. In addition, Homp talked about how various monitoring functions can be used to prevent damage to the mould during ongoing processes and how maintenance points can be programmed depending on the cycle.

Live link: Tips and tricks for moulds
Philipp Jarosch, Team Manager of the injection moulding facility, used two Allrounders in Arburg’s Training Center to demonstrate which mistakes to avoid when preparing machines and moulds and the various monitoring options available. He first showed how problems closing moulds can be solved by levelling the machine correctly instead of increasing the clamping force and hence wear. During the second live link, the injection moulding expert demonstrated how mould breathing could be monitored, for example, using a compression path sensor. He also explained how wear can be detected and how forces can be monitored and maintenance points set using the Gestica controller.

Mould and machine will communicate with each other
With moderator Guido Marschall, the experts reiterated how important it is to take a holistic view of the manufacture of a new product and to involve application technology advice at an early stage. “A well-designed mould strategy helps to protect your investment, reduce production costs, and increase part quality,” Christoph Blöchle emphasised. The direction in which Arburg is heading in terms of mould strategy was formulated by Christian Homp as follows: “In future, the mould will communicate directly with the machine controller and facilitate production. At Fakuma2021, we and one of our mould partners demonstrated for the first time how this can be done.”

Last programme of the year on 25 November 2021
Entitled “Sustainable production: Conserving resources in the plastics industry”, Arburg’s last programme of 2021 will address a particularly relevant topic. Experts Bertram Stern, Sustainability Manager, and Dr Philipp Kloke, Application and Process Development Engineer, will explain important aspects of sustainable and future-proof production and show how recyclates and bioplastics can be processed reliably and efficiently. Several live links will also give viewers a deep insight into injection moulding machine production in Lossburg.

To join the event and stay up to date, simply complete a one-off registration at www.arburgXvision.com. This provides free access to all previous events and to the Media Centre for this outstanding series of programmes.

COLINES launches cast MOPE film

COLINES launches cast MOPE film

The production of Mono Oriented PE film (MOPE) with cast technology is no longer a “utopia”: the three companies have set a new benchmark for the market, by producing a very high-level 30 micron MOPE with unique and specific mechanical and optical features.

 

The film was totally made with DOW PE-based resins and extruded on the latest generation of COLINES Polycast line, equipped with our patented MDO system. The film was subsequently printed with a high quality solvent-free Comexi Offset CI press, and the result is of the highest level.

 

Mono oriented PE film is commonly produced with blown extrusion technology – says Nicola Lombardini, COLINES’ R&D Manager – but the extruded film has some limits. For instance, the blown MOPE film doesn’t have good haze & gloss, which is something easily achieved with cast extrusion technology. In addition, also the possibility to have one side of the film with good sealability is another enormous advantage of cast technology. Of course, this opens a huge market for cast MOPE film, since it would be able to replace some existing products like BOPET, guaranteeing both higher reciclability and extreme downgauging”.

 

We have achieved something extremely innovative, and we will soon make further steps forward – says COLINES’ CEO, Anthony Michael Caprioli – thanks to our brand new Polycast R&D-line. The line is perfectly optimized for processing PE resins as well and equipped with our latest MDO unit. We have scheduled further tests with DOW and COMEXI and we are also available for running tests with our customers. Our goal is to take our customers to the “next level” of Mono Oriented PE film production”.

 

Dow is committed to developing and providing solutions to enable and accelerate the move to sustainable packaging designs based on mono-PE structures to advance the plastics circular economy,” said Jaroslaw Jelinek, Global Marketing Leader for oriented polyethylene technologies at Dow Packaging & Specialty Plastics. “We are very pleased with the outcome achieved together with COLINES and COMEXI on the MOPE cast technology, and the results prove that we applied the right structure design with our high performance resins”.

 

The Comexi Offset CI is a sustainable, solvent-free technology, which provides the highest printing quality with fast time to market and competitive costs”, affirms Felip Ferrer, brand manager and business development manager of the offset printing business unit at Comexi. “This technology uses curing ElectronBeam (EB) inks and coatings, consumes less ink and energy, has no solvent emissions, and is capable to of printing a wide range of substrates”. Ferrer emphasize that “EB curing provides the best solution for recyclable packaging: the partial crosslink process will increase the thermal resistance of the external packaging layer when printing PE reverse; and the coating EB will provide high surface protection when printing on the surface”.

INEOS STYROLUTION AWARDED PLATINUM RATING FOR 2ND YEAR RUNNING

INEOS STYROLUTION AWARDED PLATINUM RATING FOR 2ND YEAR RUNNING

  • Position in the top 1% of companies of all assessed companies retained
  • Overall sustainability score of 77 is an improvement over last year
  • Special recognition given to the company’s advanced sustainability management

EcoVadis evaluates companies across four categories: environment, labour and human rights, ethics and sustainable procurement. INEOS Styrolution’s overall score of 77 out of 100 across these four categories is an improvement over last year’s score of 75.INEOS Styrolution has received a platinum rating by EcoVadis for its exemplary corporate social responsibility (CSR) performance. This is the second consecutive year that the company has been awarded the highest distinction, retaining its place in the top 1% of over 75,000 companies assessed by EcoVadis.

This increase in score reflects the company’s increased efforts to shift to circular solutions, reduce its carbon footprint, and minimise plastic waste as well as its collaboration across the value chain. The external audit of the company’s CSR programme and reporting conducted this year also contributed to the improvement in score. INEOS Styrolution’s structured and proactive sustainability approach, tangible actions, and transparent sustainability reporting has been especially recognised by EcoVadis.

Steve Harrington, CEO, says: “We are pleased to be awarded with a second platinum rating, which confirms that we are on the right track. EcoVadis raises the bar every year in terms of their requirements and we are delighted to be able to match this pace as we improve the sustainability of our operations and our products year-on-year. This comprehensive assessment and rating will enable our customers to benchmark and track our sustainability efforts and also provides us with direction for our future development efforts”.

INEOS Styrolution has previously received the EcoVadis gold rating in 2018 and 2019, the highest EcoVadis ranking at the time, for its strong responsible business performance in 2017 and 2018, respectively. The company was awarded the platinum rating in 2020, a new ranking introduced by EcoVadis that year.

EcoVadis’ sustainability assessment is based on leading international sustainability standards such as the United Nations Global Compact (UNGC), Global Reporting Initiative (GRI), ISO 26000 and CERES Principles. The EcoVadis assessment process and methodology are supervised by an international scientific committee.

About INEOS Styrolution

INEOS Styrolution is the leading global styrenics supplier, with a focus on styrene monomer, polystyrene, ABS Standard and styrenic specialties. With world-class production facilities and more than 90 years of experience, INEOS Styrolution helps its customers succeed by offering innovative and sustainable best-in-class solutions, designed to give them a competitive edge in their markets, and at the same time, help make the circular economy for styrenics a reality. The company provides styrenic applications for many everyday products across a broad range of industries, including automotive, electronics, household, construction, healthcare, packaging and toys/sports/leisure. In 2020, sales were at 4 billion euros. INEOS Styrolution employs approximately 3,600 people and operates 20 production sites in ten countries.

More information: www.ineos-styrolution.com

INEOS STYROLUTION AWARDED PLATINUM RATING FOR 2 ND YEAR RUNNING

INEOS STYROLUTION AWARDED PLATINUM RATING FOR 2ND YEAR RUNNING

  • Position in the top 1% of companies of all assessed companies retained
  • Overall sustainability score of 77 is an improvement over last year
  • Special recognition given to the company’s advanced sustainability management

INEOS Styrolution has received a platinum rating by EcoVadis for its exemplary corporate social responsibility (CSR) performance. This is the second consecutive year that the company has been awarded the highest distinction, retaining its place in the top 1% of over 75,000 companies assessed by EcoVadis.

EcoVadis evaluates companies across four categories: environment, labour and human rights, ethics and sustainable procurement. INEOS Styrolution’s overall score of 77 out of 100 across these four categories is an improvement over last year’s score of 75.

This increase in score reflects the company’s increased efforts to shift to circular solutions, reduce its carbon footprint, and minimise plastic waste as well as its collaboration across the value chain. The external audit of the company’s CSR programme and reporting conducted this year also contributed to the improvement in score. INEOS Styrolution’s structured and proactive sustainability approach, tangible actions, and transparent sustainability reporting has been especially recognised by EcoVadis.

Steve Harrington, CEO, says: “We are pleased to be awarded with a second platinum rating, which confirms that we are on the right track. EcoVadis raises the bar every year in terms of their requirements and we are delighted to be able to match this pace as we improve the sustainability of our operations and our products year-on-year. This comprehensive assessment and rating will enable our customers to benchmark and track our sustainability efforts and also provides us with direction for our future development efforts”.

INEOS Styrolution has previously received the EcoVadis gold rating in 2018 and 2019, the highest EcoVadis ranking at the time, for its strong responsible business performance in 2017 and 2018, respectively. The company was awarded the platinum rating in 2020, a new ranking introduced by EcoVadis that year.

EcoVadis’ sustainability assessment is based on leading international sustainability standards such as the United Nations Global Compact (UNGC), Global Reporting Initiative (GRI), ISO 26000 and CERES Principles. The EcoVadis assessment process and methodology are supervised by an international scientific committee.

About INEOS Styrolution
INEOS Styrolution is the leading global styrenics supplier, with a focus on styrene monomer, polystyrene, ABS Standard and styrenic specialties. With world-class production facilities and more than 90 years of experience, INEOS Styrolution helps its customers succeed by offering innovative and sustainable best-in-class solutions, designed to give them a competitive edge in their markets, and at the same time, help make the circular economy for styrenics a reality. The company provides styrenic applications for many everyday products across a broad range of industries, including automotive, electronics, household, construction, healthcare, packaging and toys/sports/leisure. In 2020, sales were at 4 billion euros. INEOS Styrolution employs approximately 3,600 people and operates 20 production sites in ten countries.

NORMA Group grows in the third quarter despite adverse market conditions

NORMA Group grows in the third quarter despite adverse market conditions 

  • Sales up 8.0 percent in the third quarter to EUR 265.7 million
  • Strong growth in water management
  • Material shortages, increased raw material prices and higher freight costs weigh on earnings
  • Adjusted EBIT margin at 8.6 percent

 

Maintal, Germany, November 3, 2021 – NORMA Group today presented its figures for the third quarter of 2021. The company achieved sound sales growth despite the fact that the market was shaped by global material shortages, increased raw material prices and higher freight costs. NORMA Group generated Group sales of EUR 265.7 million in the period from July to September 2021 – an increase of 8.0 percent compared to the prior-year period (Q3 2020: EUR 245.9 million). Organically, sales grew by 7.6 percent; positive currency effects contributed 0.4 percent.

 

“Considering the challenging market conditions, we achieved sound growth in the third quarter,” says CEO Dr. Michael Schneider. “We were impacted by the global shortage of raw materials such as engineering plastics and stainless steel which led to higher material costs. Increasing supply bottlenecks for electronic components also resulted in lower production figures in important industries, particularly in the automotive sector. We are meeting long-term challenges by focusing systematically on high-growth markets of the future: water management, general industry applications and electromobility. Continued strong business with water management solutions in the third quarter demonstrates that we are on the right path with this positioning.”

Growth in Europe and America, slight decrease in Asia

In the EMEA region (Europe, Middle East and Africa), sales increased by 4.3 percent to EUR 107.2 million in the third quarter of 2021 (Q2 2020: EUR 102.9 million). The production bottleneck in the automotive industry arising from worsening material shortages reduced demand in the third quarter for joining products for vehicles. There was, however, strong growth momentum from business with standardized joining technology for general industry applications through distributors.

Sales in the Americas region amounted to EUR 117.2 million – an increase of 15.6 percent over the prior-year period (Q3 2020: EUR 101.3 million). The standardized joining technology business in particular performed very well across the board. Sales growth in the automotive components business, on the other hand, flattened out over the course of the quarter due to declining vehicle production figures. The US business with water management applications for stormwater management and irrigation again showed strong organic growth of 15.4 percent. There was no pandemic-related slump in this business in the prior-year quarter. The increase cannot therefore be explained by a lower basis for comparison, rather it is an expression of NORMA Group’s continued strong performance in this area.

In the Asia-Pacific region, third-quarter sales fell slightly by 1.1 percent to EUR 41.3 million (Q3 2020: EUR 41.7 million). This was mainly due to lower sales in the automotive business. Business with standardized joining technology, on the other hand, showed stable development. Overall, sales development in Asia in the third quarter of 2021 is based on a relatively high comparative basis. In 2020, the economy had already recovered significantly from the second quarter, particularly in China.

Increased material prices and higher logistics costs impact earnings and margin

Adjusted earnings before interest and taxes (adjusted EBIT) was EUR 22.8 million in the third quarter, down from the prior-year quarter (Q3 2020: EUR 26.3 million). The adjusted EBIT margin was 8.6 percent, also below the prior-year level (Q3 2020: 10.7 percent). The decline was primarily attributable to worldwide raw material shortages coupled with strong demand. Sharp increases in prices for engineering plastics, stainless steel and alloy surcharges in particular weighed on earnings and margins in the quarter that just ended. Earnings and margins were also impacted by higher costs for logistics services for import and export and increased costs for temporary workers and leased staff in Europe and America. Net operating cash flow of EUR 31.2 million in the third quarter of 2021 was lower than in the previous year (Q3 2020: EUR 40.6 million).

Nine-month result well above prior-year level

In the period from January to September 2021, Group sales were EUR 833.8 million, a significant increase of 20.7 percent over the pandemic-affected period of the previous year (Q1-Q3 2020: EUR 691.0 million). Organically, sales grew by 24.0 percent. Adjusted earnings before interest and taxes (EBIT) totaled EUR 95.8 million in the first nine months of the current fiscal year. This represents a significant increase compared to the nine-month result of the previous year (Q1-Q3 2020: EUR 26.7 million). The increase is primarily attributable to the speed and strength of the business recovery following the pandemic-related slump in the first half of 2020. The adjusted EBIT margin was 11.5 percent in the first nine months of 2021, a significant improvement on the prior-year period (Q1-Q3 2020: 3.9 percent).

Net operating cash flow was EUR 70.5 million in the first nine months of the current year and thus also significantly higher than in the same period of the previous year (Q1-Q3 2020: EUR 49.2 million). The increase is attributable to improved earnings in the period from January to September 2021. Higher capital expenditures compared to the previous year and a significant build-up of inventories, on the other hand, had a negative impact on cash flow.

Outlook for full-year 2021

Given the ongoing limited availability of materials and the associated price increases, the Management Board of NORMA Group already reassessed and adjusted its margin forecast for fiscal year 2021 on September 14, 2021. Accordingly, the Management Board expects an adjusted EBIT margin for fiscal year 2021 of more than 10 percent (previous forecast: “more than 12 percent”) and an adjusted EBITA margin of more than 11 percent (previous forecast: “more than 13 percent”). With regard to the development of organic Group sales and other key figures for the Group, the Management Board reaffirms its forecast published in March 2021.