Latest news with #Sulzer
Yahoo
3 days ago
- Business
- Yahoo
JOINT VENTURE FOR INNOVATIVE PLASTICS RECYCLING PROMOTES CIRCULAR ECONOMY IN THE CONSTRUCTION INDUSTRY
JOINT VENTURE FOR INNOVATIVE PLASTICS RECYCLING PROMOTES CIRCULAR ECONOMY IN THE CONSTRUCTION INDUSTRY Sika and Sulzer have signed a memorandum of understanding to establish a joint venture to advance plastics recycling in the construction industry. The aim is to combine the strengths of both companies: Sika's extensive expertise in polymer applications and high-performance building materials and Sulzer's leading process knowledge in chemical recycling. The joint venture, based in the Zurich area, will be founded as an independent company, with each partner holding a 50 percent stake. Operational activities will commence in the second half of 2025 with pilot projects in Germany, Austria and Switzerland. Approximately two million tons of plastic waste are generated in the European construction industry alone each year. Currently, recycling these complex materials is highly fragmented, technically demanding, and often inefficient. As a result, the majority of construction plastics are disposed by the end of their lifecycle, since existing mechanical recycling methods produce low-quality materials that are not suitable for reuse. PARTNERING FOR SUSTAINABLE TRANSFORMATION OF THE CONSTRUCTION INDUSTRY With this joint venture, Sika and Sulzer are developing a system for the collection, processing and reuse of construction plastics using mechanical and chemical processes. Ivo Schädler, Head of Construction Sika: "This joint venture represents a significant milestone on our path toward greater sustainability and circularity in the construction industry. By converting waste into high-quality raw materials, the project helps reduce Scope 3 CO₂ emissions. At the same time, it supports companies in meeting increasing ESG standards and unlocking new value creation streams. Together, we are making a decisive contribution to the sustainable transformation of the construction industry, and thus to the future viability of the sector and our customers." Michael Schüepp, Head of Ventures Sulzer: "Sulzer technologies are at the heart of critical infrastructures and processes. Our solutions enable industries around the world to reduce emissions, reuse resources and recycle materials. Global developments show that our products, services and technologies are more relevant than ever. The combination of Sulzer's and Sika's technologies is now paving the way for the construction industry to achieve a functioning circular economy and an even more sustainable future. We are supporting an important industry on its journey toward a more cost-effective, efficient, and low-emission future." The joint venture initiators Michael Schüepp, Head of Ventures at Sulzer, and Ivo Schädler, Head of Construction at Sika. Both companies are looking forward to jointly advancing the transformation of the construction industry towards greater sustainability. SYSTEMATIC RECYCLING OF CONSTRUCTION PLASTICSThe joint venture between Sika and Sulzer will close gaps in the value chain of the construction industry, and offer customers a comprehensive, cost-efficient service package. The offering will be complemented by local partners, such as logistics and recycling companies, which will be integrated into specific process steps. Recycled materials will thus be reincorporated into the manufacturing process. SIKA AG CORPORATE PROFILESika is a specialty chemicals company with a globally leading position in the development and production of systems and products for bonding, sealing, damping, reinforcing, and protection in the building sector and industrial manufacturing. Sika has subsidiaries in 102 countries around the world and, in over 400 factories, produces innovative technologies for customers worldwide. In doing so, it plays a crucial role in enabling the transformation of the construction and transportation sector toward greater environmental compatibility. With more than 34,000 employees, the company generated sales of CHF 11.76 billion in 2024. SULZER CORPORATE PROFILESulzer is a leading international provider of critical applications for core infrastructures and processes in the world's most important industries. Sulzer's integrated solutions create value by enabling energy efficiency, the reduction of carbon emissions and pollution, and better process efficiency. Customers benefit from innovation, performance and quality from the responsive network of 160 world-class manufacturing facilities and service centers around the world. Sulzer has been headquartered in Winterthur, Switzerland, since 1834. In 2024, 13,500 employees generated sales of CHF 3.5 billion. Sulzer's shares are traded on the SIX Swiss Exchange (SIX: SUN). CONTACTDominik SlappnigCorporate Communications &Investor Relations+41 58 436 68 The media release can be downloaded from the following link: Media ReleaseSign in to access your portfolio
Mint
22-05-2025
- Business
- Mint
Standard cooking oil packs mooted to cut shifty traders to size
New Delhi: The government is planning to reinstate standard pack sizes for edible oil, two people said, after a spell of flexible norms saw traders short-changing customers. Traders exploited the relaxed norms introduced in 2022 through amendments to the Legal Metrology (Packaged Commodities) Rules, which allowed flexible packaging. As a result, random sizes such as 800 gm, 810 gm, and 850 gm are being sold in the market as 1 kg packs, allowing sellers to charge full 1 kg prices for lower quantities. These practice has been flagged as unfair and deceptive, undermining consumer trust. In response, the government now plans to bring back uniform pack sizes such as 5 kg, 2 kg, 1 kg, 500 grams, and 200 grams for cooking oil to prevent pricing manipulation. This comes in the backdrop of India's cooking oil consumption increasing from 24.6 million tonnes (mt) in 2020–21 to 25.8 mt in 2021–22, and 28.9 mt in 2022–23. Also read | Adani Wilmar to raise cooking oil prices by 20% following import duty hike 'We are reviewing the complaints regarding unfair trade practices related to disparities between the price and the actual weight of edible oil packs. It's a bit tricky for consumers to calculate the price of a pack weighing 800 grams, but it's much easier for the same consumer to understand the cost of a standard 2 kg or 500 gm pack," the first person said. As per the consumer affairs ministry data, the all-India daily weighted average retail price of groundnut oil stood at ₹188.82 per kg on 20 May, nearly unchanged from ₹188.76 per kg recorded a year ago. Mustard oil, however, saw a sharp rise, reaching ₹170.66 per kg compared with ₹135.50 per kg a year earlier. Soya oil was priced at ₹147.04 per kg, up from ₹123.61 per kg last year, while sunflower oil rose to ₹160.77 per kg from ₹123.17 per kg. Palm oil, one of the most widely used cooking oils, climbed to ₹135.04 per kg from ₹101 per kg. Vanaspati also saw a price increase, reaching ₹154.71 per kg compared to ₹126.40 per kg a year ago. Read this | BPCL in talks with Sulzer to make aviation fuel from used cooking oil 'The government is reviewing the packaging norms, and after stakeholder consultations, the old standards are likely to be reinstated to ensure better transparency and promote fair trade practices," the second person said. This change follows mounting confusion among consumers, the person said, adding that all stakeholders have been asked to submit their recommendations on this. The Indian edible oil market, valued at $4.39 billion in 2024, is projected to reach $6.49 billion by 2030, growing at a compound annual rate of 6.79%, according to TechSci Research. Industry welcomed the move, calling it essential for ensuring consistency in retail pricing and compliance with the Legal Metrology Act. 'Standardized packaging ensures that price comparisons are simple, transparent, and fair. It creates a level playing field for both consumers and producers, encouraging trust and long-term brand value," said Sudhakar Desai, president, Indian Vegetable Oil Producers' Association (IVPA). And read | Decoding the dilemma behind escalating cooking oil imports When the packaging rules were amended in 2021, the Legal Metrology (Packaged Commodities) Amendment Rules mandated the display of the Unit Sale Price (USP) on all packaged goods to help consumers compare prices more easily. Building on that, the 2022 amendment went a step further by removing Schedule II, which had previously required certain essential commodities—like edible oils—to be sold only in standard quantities. This shift gave manufacturers the freedom to choose pack sizes as per their convenience, leading to a proliferation of non-standard packs in the market.
Business Recorder
21-05-2025
- Business
- Business Recorder
FCCI President meets Chief Manager SBP Faisalabad
FAISALABAD: Exponential growth is expected from next year due to the viable economic policies and State Bank of Pakistan (SBP) must educate business community about its concessional schemes to fulfill financing needs of the business community, said Rehan Naseem Bharara, President Faisalabad Chamber of Commerce & Industry (FCCI). In a meeting with Chief Manager SBP Faisalabad Waqas Kashif Bajwa, he said that SBP has introduced subsidized loans for the SME sector but they are not allowed to import old machinery under this scheme. He said that SME has limited financial resources and could not purchase new Air Jet or Sulzer power looms as a dollar has escalated from Rs. 80 to 281. He said that machinery abandoned after two or three years in developed countries could be reused in Pakistan for decades ensuring improved quality and production. He requested the Chief Manager to launch a comprehensive awareness campaign to inform businessmen about the benefits of the concessional schemes launched by SBP. He said that the definition of the SME sector could also be proportionately increased while the limit of Rs. 5million may be increased up to 10 million for female entrepreneurs. Waqas Kashif Bajwa said that SBP was regularly organizing awareness sessions about its various concessional schemes but it could not give the desired results. He assured to launch awareness sessions afresh in collaboration with FCCI to motivate the concerned stakeholders to avail this facility. Later President Rehan Naseem Bharara presented a special gift to Chief Manager SBP Faisalabad while he was also decorated with a pen to mark the 50 Years Golden Jubilee Celebrations of FCCI. Madam Qurat Ul Ain Deputy Chief Manager SBP, Senior Vice President FCCI Qaisar Shams Gucha and executive members Muhammad Ali and Waheed Khaliq Ramay were also present during this meeting. Copyright Business Recorder, 2025
Yahoo
04-05-2025
- Business
- Yahoo
Sulzer (VTX:SUN) Is Looking To Continue Growing Its Returns On Capital
If you're looking for a multi-bagger, there's a few things to keep an eye out for. One common approach is to try and find a company with returns on capital employed (ROCE) that are increasing, in conjunction with a growing amount of capital employed. Ultimately, this demonstrates that it's a business that is reinvesting profits at increasing rates of return. With that in mind, we've noticed some promising trends at Sulzer (VTX:SUN) so let's look a bit deeper. Our free stock report includes 1 warning sign investors should be aware of before investing in Sulzer. Read for free now. For those who don't know, ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business. To calculate this metric for Sulzer, this is the formula: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.17 = CHF384m ÷ (CHF4.7b - CHF2.4b) (Based on the trailing twelve months to December 2024). Thus, Sulzer has an ROCE of 17%. In absolute terms, that's a pretty normal return, and it's somewhat close to the Machinery industry average of 15%. View our latest analysis for Sulzer Above you can see how the current ROCE for Sulzer compares to its prior returns on capital, but there's only so much you can tell from the past. If you'd like to see what analysts are forecasting going forward, you should check out our free analyst report for Sulzer . Sulzer has not disappointed in regards to ROCE growth. We found that the returns on capital employed over the last five years have risen by 103%. The company is now earning CHF0.2 per dollar of capital employed. In regards to capital employed, Sulzer appears to been achieving more with less, since the business is using 29% less capital to run its operation. If this trend continues, the business might be getting more efficient but it's shrinking in terms of total assets. On a side note, we noticed that the improvement in ROCE appears to be partly fueled by an increase in current liabilities. Effectively this means that suppliers or short-term creditors are now funding 51% of the business, which is more than it was five years ago. Given it's pretty high ratio, we'd remind investors that having current liabilities at those levels can bring about some risks in certain businesses. From what we've seen above, Sulzer has managed to increase it's returns on capital all the while reducing it's capital base. And a remarkable 301% total return over the last five years tells us that investors are expecting more good things to come in the future. In light of that, we think it's worth looking further into this stock because if Sulzer can keep these trends up, it could have a bright future ahead. On a separate note, we've found 1 warning sign for Sulzer you'll probably want to know about. While Sulzer may not currently earn the highest returns, we've compiled a list of companies that currently earn more than 25% return on equity. Check out this free list here. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Zawya
22-04-2025
- Business
- Zawya
Sulzer, Manweir sign 10-year strategic service partnership in Qatar
Doha: Sulzer has partnered with Manweir, a leading engineering services provider, the oil & gas arm of Mannai, to enhance the availability and quality of rotating equipment repairs and services across Qatar. Sulzer's teams will be based at Manweir's Ras Laffan facility in Qatar to provide in-country services for oil and gas, power generation, water desalination and industrial customers. Through its partnership with Manweir, Sulzer will now have an operations team based in Manweir's Ras Laffan facility, reducing delivery times for oil and gas, power generation, water desalination and industrial customers whose equipment would previously need to be sent out of the country. In combination with the strengthened local presence of both companies, Sulzer's global operational excellence and OEM expertise will provide customers with world-class services, elevating reliability and efficiency for rotating equipment across Qatar. This alliance strengthens Qatar's industrial supply chain while aligning with its vision of enhancing In-Country Value (ICV) – a formula that measures the economic value added from local operations – and supporting the sustainability commitments laid out in the Qatar National Vision 2030. 'We strive to be close to our customers and this partnership with Manweir allows us to deliver high-quality service and safety standards to our customers in Qatar,' said Alex Myers, President Sulzer Services INMEC Region. 'With the strategic alignment from both parties, we are poised to deliver best-in-class service solutions, ensuring operational excellence and added value to our customers.' 'We are delighted to partner with Sulzer, bringing together our strong local capabilities with Sulzer's global expertise,' said Neil Angus, General Manager of Manweir WLL. 'This partnership will accelerate technological advancements, enhance service delivery, and provide customers with a one-stop solution for high-quality rotating equipment repairs and maintenance. This collaboration will also drive innovation and sustainable growth for both organizations.' Through this partnership, Manweir and Sulzer will combine local knowledge with global best practices, elevating service standards, fostering innovation, and strengthening collaboration with customers to support Qatar's evolving industrial landscape. © Dar Al Sharq Press, Printing and Distribution. All Rights Reserved. Provided by SyndiGate Media Inc. (
