8 NEWS PETplanet Insider Vol. 24 No. 05/23 www.petpla.net Erema Group ends financial year with significant increase in turnover The Erema Group GmbH closed the 2022/2023 financial year in March with around EUR 355 million in overall turnover. “With demand for recycled plastics remaining high, the past financial year brought many challenges that we needed to handle,” says Manfred Hackl, CEO of Erema. The challenges included persistent delays in the supply chain and unexpected supplier outages. Logistics and production processes had to be adapted several times as a result. The situation has improved significantly meantime as a result of these measures and more stable supply chains, says Erema. The production locations in Austria manufactured 270 extruders and delivered them to customers around the globe. Taking the whole group into consideration, this figure rises to 350 including the extruders from Plasmac, the Italian subsidiary. The recycled pellet production capacity of all extrusion systems delivered in financial year 2022/23 adds up to around 1.6 million t/a. On top of that there are around 130 additional components and modules such as filter systems and ReFresher anti-odour units. K’ 2022 saw the Erema Group launch seven new recycling systems and components. “For the first time, we brought all the companies in the group together on one stand, so we were able to provide an excellent overview of our wide range of products and services with the latest innovations as a one-stop-shop concept,” says Hackl. These included the new Intarema TVEplus DuaFil Compact recycling system and the EcoGentle plasticising unit, which was also newly developed. Thanks to their gentle polymer treatment and lower melt temperature, both extrusion innovations are claimed to deliver effective advantages in terms of the quality of the melt, recycled pellets, and final product, as well as energy efficiency in post-consumer and PET recycling applications. www.erema-group.com Berry: cost actions include the rationalising of facilities and labour While announcing the second quarter 2023 results, Tom Salmon, Chairman and CEO of Berry, indicated cost reductions: “Our business delivered solid second quarter and first half results with adjusted earnings per share growth of 4% and 7%, respectively. During the past several quarters, we have seen supply chain constraints continue to ease, prioritised structural cost improvements and continued our efforts to pivot our portfolio to high-value growth products across all of our businesses. Our cost actions include the rationalising of 15 facilities across the world, moving business to more efficient cost facilities, and other labour cost reductions from improved productivity. These cost savings initiatives are expected to provide annualised cost savings of $115 million and we expect to realise $70 million in fiscal 2023. These internal actions helped to offset a 6% volume decline driven by destocking and general market softness. We continued our focus on driving long-term value for our shareholders and repurchased $155 million of shares, or another 2.1% of shares outstanding, in the second quarter, while also paying our quarterly dividend. We believe our shares remain undervalued and our repurchases reflect our confidence in the outlook of our business, our long-term strategy, and the strength of our operating model and cash flows.” Salmon defined health, beauty and foodservice as key end markets that offer greater potential for differentiation and long-term growth. In addition, Berry indicated investments and engagement in emerging markets. In this way, the company aims to achieve long-term structural cost improvements while driving strategic initiatives. Berry says that the net sales decline is primarily attributed to a 6% volume decline, decreased selling prices due to the passthrough of lower resin costs, an unfavorable impact from foreign currency changes, and prior quarter divestiture sales. The volume decl ine is pr imar i ly at tr ibuted to general market softness and ongoing inventory destocking. The operating income decrease is primarily attributed to an unfavorable impact from the volume decline, an increase in business integration costs, an unfavorable impact from foreign currency changes, and an unfavorable impact from increased selling, general, and administrative expenses. These declines are partially offset by a $40 million favorable impact from price cost spread as a result of cost reduction and improved product mix. www.berryglobal.com Interpack 2023 final report Under the heading “Welcome Home”, Interpack trade trade fair welcomed visitors from all over the world in Düsseldorf, Germany from May 4-10. 2,807 exhibitors showcased their technologies and solutions to visitors from 155 countries. Altogether approx. 143,000 visitors travelled to Interpack, two thirds of them coming from abroad. Alongside many European countries, the largest visitor nations were India, Japan and the USA. Around 75% of visitors came from middle or top management. Current market developments were focused at the show. The need to automate, the will to act sustainably and changed consumption habits are all expressions of transformation. Interpack’s strategic orientation towards the four Hot Topics: Circular Economy, Resource Management, Digital Technologies and Product Safety found concrete expression in numerous developments. The trade fair, which has traditionally been a key cornerstone in the innovation cycle of the packaging industry and related process industries, also lived up to this claim this year. Top themes were also all facets of sustainability. Exhibitors presented highend technologies and holistic concepts that consider efficiency and sustainability along their entire production line. The next Interpack will be held in Düsseldorf from May 7 to 13, 2026. www.interpack.com
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