Given the 40% reduction in sales volume compared to 2020-Q1 sales, the company was able to act quickly on different fronts,managing to offset this effect and present a balanced ebitda in the second quarter ($ 137 million).
Accumulated ebitda decreased 20% compared to the previous year, due to lower sales volume on account of the COVID-19 effect. However, the ebitda margin remains stable at 7.1% vs 7.2% in 2019.
The net debt ratio ends the semester at 1.1 x ebitda, improving the result at the end of 2019 (1.3 x ebitda).
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…
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