In April 2021 we presented our Earnings Report accumulated for the first quarter of 2021
Ebitda continued to improve, ending 2021-Q1 at $ 17,014 million and an ebitda margin of 15.0%, historically high levels.
Net income ends at $ 12,608 million, due to the good operating result, optimization of financial costs and less impact of the exchange difference.
The good results allowed maintaining a negative debt ratio of -0.2x ebitda, even with investments for the new plant close to $ 11,000 million and higher working capital needs due to higher sales levels.
Dow and Enka sign alliance to create more sustainable packaging transforming the industry towards circular economy
In line with their sustainability strategy, Dow and Enka signed a three-year supply agreement that will allow them to continue advancing in the production of more sustainable packaging in the country with the manufacture of REVOLOOPTM recycled high-density polyethylene resin, suitable for flexible packaging. This product allows both companies to offer a circular solution for…
Enka launches its new bottle-to-bottle PET recycling plant, positioning as one of the five largest in the world.
Enka launches its new US$40 million bottle-to-bottle recycling plant for the production of EKO®PET resin.The plant, which is located near Medellín Colombia, will allow the company to double collection levels from 3 to 6 million PET bottles per day.With the operation of this new plant, 70% of the company's products will be made from recycled…