In october 2021 we presented our Earnings Report accumulated for the third quarter of 2021
Enka continues the positive trend in its results with an ebitda of $61,374 million and a net profit of $42,455 million, favored by the management in the acquisition and supply of raw materials in the face of severe shortages, the recovery in sales, the situation of high prices and international freight and the devaluation of the colombian peso.
The liquidity position ($44,583 million) and the net debt (0.1x ebitda) continue in optimal conditions, even with capital investments in 2021 of more than $32,000 millions.
The construction of the new PET Bottle-to-Bottle recycling plant, which will double the installed capacity, progresses smoothly with investments of $29,737 million (27% of the total) and operations are expected to begin at the end of 2022.
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…