PETpla.net Insider 09 / 2013

NEWS 12 PET planet insider Vol. 14 No. 09/13 www.petpla.net DRYING HAS NEVER BEEN THIS EFFICIENT: ETA plus® LUXOR - now available with ETA plus ® ETA plus ® considerably reduces energy consumption and protects materials. When it comes to drying, saving energy is a key concern. We have developed a system that combines airflow regulation with a temperature adjustment feature – that can be disabled if required –and efficient waste heat recovery. The result? A drying system that cuts energy consumption by up to 64%: ETA plus ® . motan-colortronic gmbh info@motan-colortronic.de www.motan-colortronic.com Halle: 9 Stand: 9B24 16.-23.10.2013 Krones reports strong Q2 Krones AG has reported that its revenues for the first six months (H1) of 2013 was up 6.8% over H1 2012, to €1,377.5 million. Earnings before taxes (EBT) rose even more sharply, by 24.5%, to €79.7 million, and EBT margin improved from 5.0 to 5.8%. Net income improved 25.8% to €55.6 million, with earnings per share up from €1.47 to €1.81. Second quarter (Q2) performance saw revenues rise 8.3%, to €694.1 million, with a strong position in emerging markets helping to drive growth. Total revenue in H1 was €1,377.5 million, with the steepest increases in the Western Europe, Middle East/Africa, and Asia-Pacific sales regions. New orders were up 4.1% year-on-year to €1,382.8 million, with the biggest growth coming from Asia and Africa/Middle East. Demand from the USA stabilised. As at 30 June 2013, the company had an orders backlog of €1,004.6 million (2012: €980.4 million). The company said that price quality remained satisfactory overall. Equity ratio was 43.5% at the end of H1 (31 December 2012: 37.8%); Krones had no bank debt at the end of June and held net cash and cash equivalents of €128.6 million. The Executive Board has raised its forecast for EBT margin for 2013 to between 5.8% and 6.0%. The company says that it has made good progress towards its medium-term target of 7%. The forecast for revenue growth for 2013 remains at 4%, with no support expected from price levels. Krones is confident that it will achieve ROCE of 15%, its third strategy target, in 2013, with free cash flow for the year as a whole to be improved. The overall economic picture is expected to improve in 2014. www.krones.com Eco Plastics gets double hit Eco Plastics, of Lincolnshire, England, picked up awards from two different organisations during one busy evening in July 2013. In naming the company as the National Recycling Awards Materials Recycler of the Year, the judging panel mentioned the scale and strength of Eco Plastics’ recycling operation and its use of key partners to “…close the recycling circles”. Its Continuum Recy- cling joint venture with Coca-Cola Enterprises, which was awarded the prize of Business Green Leaders Recycling Project of the Year, was recognised both for the partner- ship’s impact on the local economy and for its broader contribution to domestic rPET production. Nick Brown, Associate Director for Recycling at Coca-Cola Enter- prises, noted that Continuum had sorted more than half a billion bottles in just a year. James Murray, editor of Business Green, said that the project had a major impact on the UK’s recycling capacity and ensured that Coca- Cola was able to recycle all the bottles collected from the London 2012 Olympic Games, as well as providing an example of how closed loop manufacturing can slash environmental impacts and greenhouse gas emissions. www.ecoplasticsltd.com