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    SUN   CH0038388911

SULZER LTD

(SUN)
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Real-time Estimate Cboe Europe  -  03:54 2022-08-18 am EDT
63.25 CHF   +0.32%
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Sulzer : bio-plastic technology selected for Yangzhou Huitong Biological New Material's latest plant

03/04/2022 | 03:56am EDT

The plant will be able to produce a large portfolio of PLA grades serving a broad range of end-use applications from food packaging to kitchen utensils or toys. Replacing traditional plastics with non-fossil based plastics directly contributes to an improved carbon footprint.

The versatility of Sulzer's PLA technology allows the production of a large range of molecular weights and stereoisomer ratios, while meeting product high-quality standards.

To meet Yangzhou Huitong Biological New Material's requirements, Sulzer Chemtech will design and provide its lactide purification, polymerization, devolatilization and post-reaction proprietary technologies. The licensing agreement framework also includes extensive service support from engineering to technical assistance and field services. Sulzer Chemtech was selected for its proven track record as market leader, delivering scalable production solutions with both improved efficiency and quality for the production of PLA.

Zhang JianGang, President of Yangzhou Huitong Biological New Material, adds: "This new facility will allow us to enter the fast-growing bioplastic market. We consider Sulzer an extremely valuable partner in this project. The company's comprehensive technical services and cutting-edge production technologies for PLA will help us to effectively produce sustainable plastics and meet our customers' strategic demands."

Torsten Wintergerste, Division President of Sulzer Chemtech, comments: "We are excited to support Yangzhou Huitong Biological New Material in their flagship project. Our PLA technologies are currently used in most PLA facilities worldwide. We couldn't be prouder to be supporting customers with monomer purification and polymer production units that are helping advance the sustainable and circular plastics sector."

Disclaimer

Sulzer AG published this content on 04 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 March 2022 08:55:02 UTC.


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Sales 2022 3 239 M 3 398 M 3 398 M
Net income 2022 90,3 M 94,7 M 94,7 M
Net Debt 2022 228 M 239 M 239 M
P/E ratio 2022 23,9x
Yield 2022 5,29%
Capitalization 2 135 M 2 240 M 2 240 M
EV / Sales 2022 0,73x
EV / Sales 2023 0,67x
Nbr of Employees 12 914
Free-Float 49,6%
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Last Close Price 63,05 CHF
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Frédéric Lalanne Chief Executive Officer & President-Flow Equipment
Suzanne Alice Thoma Chairman
Hanne Birgitte Sorensen Independent Non-Executive Director
Matthias F. Bichsel Vice Chairman
Alexey Valeryevich Moskov Director
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