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HENKEL AG & CO. KGAA

(HEN3)
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Delayed Xetra  -  11:35:13 2023-02-03 am EST
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Henkel : and cyclos-HTP enter into strategic partnership

11/29/2022 | 06:31am EST

Nov 29, 2022Düsseldorf / Germany

First milestone to creating a holistic approach to sustainability in packaging and consumer goods

Henkel and cyclos-HTP enter into strategic partnership

Henkel and cyclos-HTP Institute (CHI), a company specialized in the classification, assessment and certification of recyclability of packaging and goods, have announced a strategic partnership. This partnership brings together two vital components of the packaging and consumer goods value chain - adhesives and coatings and downstream recycling expertise. By working together, both companies make the creation of sustainable packaging and consumer goods solutions as accessible and simplified as possible for all stakeholders along the value chain. The partnership will give customers a more comprehensive and aligned service offering through the combined know-how of the two companies.

This includes access to in-house testing and certification, joint material science R&D as well as consultation on sustainable packaging design. This is in line with Henkel's strategy for a holistic approach to sustainability and circular economy across the entire packaging & consumer goods value chain.

"As a leader in bonding, sealing and coating, we see it as our responsibility to drive sustainability both upstream and downstream across the value chain," says Csaba Szendrei, Corporate Senior Vice President and Global Head of Henkel´s Packaging and Consumer Goods Division. "This important partnership with CHI is laying the cornerstone for our vision of a 360-degree packaging and consumer goods competence center. It also allows us to accelerate our development cycles and integrate recyclability assessment even earlier in the design process."

Established in 2014, CHI is one of Europe's leading and most recognized independent institutes for recyclability testing and certification. Building on their broadly accepted CHI-standards, it will continue to act as a neutral testing and certification body, offering its services to a larger base. CHI Managing Director Dr. Joachim Christiani emphasizes the importance of recyclability: "Recycling is an important element in the sustainable use of resources. Its viability must be tested early in the design process to produce the desired outcome at the end of a package or product's life."

"Our strategic partnership with Henkel is an important milestone to make this an attainable reality for the entire value chain," he continues. "We are looking forward to embarking on this journey with Henkel to make a lasting impact on sustainability for packaging and consumer goods."

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Henkel AG & Co. KGaA published this content on 29 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 November 2022 11:30:36 UTC.


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Sales 2022 22 336 M 24 239 M 24 239 M
Net income 2022 1 243 M 1 349 M 1 349 M
Net Debt 2022 1 185 M 1 286 M 1 286 M
P/E ratio 2022 21,7x
Yield 2022 2,84%
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EV / Sales 2022 1,26x
EV / Sales 2023 1,27x
Nbr of Employees 51 800
Free-Float 61,1%
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Carsten Knobel Chairman-Management Board
Marco Swoboda Chief Financial Officer & Executive VP-Finance
Simone Bagel-Trah Member-Supervisory Board
Thomas Gerd Kuehn Chief Compliance Officer & General Counsel
Michael Kaschke Member-Supervisory Board