Chemical-recycling – Polyolefins-processing 17-05-2022 - Arhive
Chemical-recycling – Polyolefins-processing
Crude Oil Prices Trend
The Erema Group, which comprises Erema Group GmbH and its subsidiaries Erema, Pure Loop, Umac, 3S, Keycycle and Plasmac, closed the 2021/22 financial year with a 17 percent increase in revenue. Consolidated Group revenue amounted to EUR 295 million, and the number of employees increased to over 840. The Erema Group remains on course for continued growth.
“This past financial year, we again set several milestones with growth powered by our technology. We are very proud of this, because the prevailing market conditions were once again very challenging due to corona, cost increases for energy and logistics, and interruptions to the supply chain,” is how Manfred Hackl, CEO of Erema Group GmbH, sums up the year.
A total of 220 extruders manufactured in Ansfelden were supplied to customers all over the world. If one includes individual components and modules such as filter systems and ReFresher anti-odour technology in that figure, the total was around 320. Then there are another 53 extruders from Plasmac, the Italian subsidiary. The recycled pellet production capacity of all extrusion systems delivered in financial year 2021/22 adds up to around 1.34 million tonnes per year.
Trend towards large-scale plants
A closer look at the post consumer segment clearly shows a trend towards larger plants, both for PET recycling and for processing polyolefins. For example, the first Vacurema Basic 2628 T machine with an annual capacity of up to 40,000 tonnes was recently commissioned at a customer’s site in Brazil. This plant features a ten-meter-long special geometry screw with a diameter of 280 millimetres and a weight of 3.5 tonnes. The screw was developed and manufactured by 3S, a subsidiary of Erema GmbH. “The move up to this scale of recycling machines is also clear proof of how much innovative power and know-how there is in our group of companies and the synergy effects this creates,” says Hackl. Chemical-recycling – Polyolefins-processing
-IPEG pushes Piovan sales
Revenues grew by 66.6% in the first quarter also thanks (but not limited to) to the acquisition of the US company.
Piovan headquarters In the first three months of the year, the Venetian Piovan group generated revenues and other income for an amount of 108 million euros, with an increase of + 66.6% compared to the same period last year, partly linked to consolidation in the financial statements of the IPEG activities, acquired in February.
On a like-for-like basis, thus excluding the revenues made by the US company, the increase is equal to + 14.3%.
Ebitda, in the same period, amounted to 12.9 million euros (+ 42%). The profit for the year was 8 million, up from 5.5 million in the first three months of 2021.
As regards the Plastic Area, in the first quarter the turnover grew by + 16.5% to 53.4 million euros (excluding IPEG), thanks to the good performances in Europe and Asia – the company states -, with the the automotive sector is restarting thanks to the increase in investments in new electric models and the Consumer & Technical and Packaging sectors which are always very solid. Chemical-recycling – Polyolefins-processing
The consolidation of IPEG in February and March 2022 results in approximately 24.7 million more revenues in the Plastic area, with a combined growth of + 70.4%.
Povan The company looks to the future with optimism.
he market situation of the more resilient sectors (medical, flexible packaging) is positive and it is reasonable to expect a rebound in the more cyclical sectors (automotive, construction). For the Group, the overall risk associated with the current geopolitical crisis is mitigated by the plurality of geographical areas and the diversification of sectors. In addition – explains the Venetian manufacturer -, the collection of orders during the first months of 2022 continues to be strong and the backlog of orders as at 31 March 2022 remains at very high values.
The contribution of activities linked to the circular economy and similar is also positive, estimated at around 20% of its revenues. These are the sectors where the use of recycled plastic is relevant, mainly packaging, fibers, recycling and compounding.
Chemical-recycling – Polyolefins-processing