NEWS
Simona posts record results in 2022
Germany-based Simona says that sales and profits both reached record levels in 2022, due mainly to higher sales prices. Group revenue increased almost 41% to €712 million (US$784m), while profitability (EBIT) rose more than 6% to exceed €54m (US$60m). Sales in the EMEA region rose
nearly 30% compared to the previous year, while growth in the Americas rose 37%. In Asia-Pacific, business improved by nearly 17%, due to solid performance in the industrial and automotive businesses. The ‘mobility’ division – which covers products used in train and aircraft interiors – in- creased sales by nearly 29% to €71m (US$78m), mainly due to an upturn within the aircraft interiors market and solid automotive business in Asia-Pacific. In addition, Simona’s US business is almost entirely sheet production. In 2022, sales here reached nearly €207m (US$228m), an increase of more than 37%. “We managed to offset spiralling costs – associated with energy and raw materials – by raising sales
Schoenberg: “We offset rising costs of
energy and raw materials by raising sales prices”
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prices,” said Matthias Schönberg, CEO of Simona. “As a result, we increased revenue by more than 30% and EBIT by more than 6%.” Preliminary results for 2023 show a
near-5% decline in both sales and profits for the first quarter of the year. Sales fell to €165m (US$181m) in the period, while EBIT dipped to just over €13m (US$14m). For 2023 as a whole, Simona
anticipates a revenue of €650-675m – which would represent a decline of up to 9%. The forecast takes into account a reduction in sales prices (due to falling material costs) and lower demand in the EMEA region. �
www.simona.de
French solution for flexible film waste
TotalEnergies and recycling group Paprec have signed an agreement to develop a value chain for chemical recycling of plastic films in France. Citeo, which is in charge of end-of- life household packaging in France, will provide flexible PCR plastic waste to Paprec’s plant in Amiens, where a sorting and preparation line will be built. TotalEnergies will use Paprec’s output in its chemical recycling plant at Grandpuits, which is being built.
www.filmandsheet.com
“This long-term agreement is a major milestone for our advanced recycling plant at Grandpuits as it guarantees a supply of waste of French origin,” said Valérie Goff, senior vice president of renewable fuels and chemicals at TotalEnergies. The Grandpuit chemical recycling plant is designed to process 13,600 tonnes/year of waste plastic and is scheduled to begin in 2024. �
https://totalenergies.com
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