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    GXI   DE000A0LD6E6

GERRESHEIMER AG

(GXI)
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Delayed Xetra  -  11:35 2022-09-30 am EDT
50.30 EUR   +1.99%
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Gerresheimer : focuses on sustainable glass production

07/26/2022 | 03:09am EDT
At the Tettau plant Gerresheimer employs around 600 people and produces over 700 million glass containers a year.

Düsseldorf/Tettau, July 26, 2022. As part of its global sustainability strategy, the Gerresheimer Group has set itself the goal of reducing its CO2 emissions by 50% until 2030 compared with 2019. An important component of this endeavor is the use of state-of-the-art furnace technology in container glass production. The company produces high-quality glass packaging for the pharma, food and cosmetics industries at locations in Europe, America and Asia. Gerresheimer is currently replacing one of its two furnaces at the German plant in Tettau, Bavaria.

"Against the backdrop of the current economic and geopolitical situation, Gerresheimer is sending a strong signal for a successful future with this investment in more sustainable technology. We believe in glass as a future-oriented packaging solution and are committed to the expansion of the Tettau plant," explains Kay Rohn, Managing Director of Gerresheimer Tettau.

At the Tettau plant Gerresheimer employs around 600 people and produces over 700 million glass containers a year. With the new multi-fuel oxygen furnace, Gerresheimer is laying the foundation for more sustainability in glass production. In particular, the use of green electricity, which in future will account for up to 50% of the energy input, will make a significant contribution to reducing the CO2 footprint in container glass production after completion at the end of July.

To start the new furnace construction, the existing furnace was first drained and dismantled in mid-June so that the new furnace with new technology can be built afterwards. This furnace technology will help Gerresheimer to continue to support its international customers as a reliable partner on their way to more sustainable products.

Glass can be recycled an infinite number of times and is therefore an attractive material in the context of a sustainable packaging economy. In addition, the Gerresheimer Group has already been working for over a decade in various projects on the more energy-efficient production of glass containers for the pharma, cosmetics and food industries. In addition to innovative furnace technology, this also includes the increased use of post-consumer recycled (PCR) glass and eco-design concepts.

Contact Press
Ueli Utzinger
Group Senior Director Communication & Marketing
T +41 79 400 86 40
ueli.utzinger-remove@remove-gerresheimer.com

Contact Trade Press
Marion Stolzenwald
Senior Manager Corporate Communication
T +49 211 6181-246
marion.stolzenwald-remove@remove-gerresheimer.com

About Gerresheimer

Gerresheimer is the global partner for pharmaceutics, biotech, healthcare, and cosmetics with a very broad product range for pharmaceutical and cosmetic packaging solutions and drug delivery systems. The company is an innovative solution provider from concept to delivery of the end product. Gerresheimer achieves its ambitious goals through a high level of innovative strength, industrial competence and concentration on quality and customer focus. In developing innovative and sustainable solutions, Gerresheimer relies on a comprehensive international network with numerous innovation and production centers in Europe, America and Asia. Gerresheimer produces close to its customers worldwide with around 11,000 employees and generated annual revenues in 2021 of around EUR 1.5b. With its products and solutions, Gerresheimer plays an essential role in people's health and well-being.

Disclaimer

Gerresheimer AG published this content on 26 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 July 2022 07:08:03 UTC.


© Publicnow 2022
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Sales 2022 1 721 M 1 687 M 1 687 M
Net income 2022 106 M 104 M 104 M
Net Debt 2022 1 078 M 1 057 M 1 057 M
P/E ratio 2022 14,9x
Yield 2022 2,62%
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Free-Float 100%
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Axel Herberg Chairman-Supervisory Board
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