In january 2022 we presented our Income Statement accumulated for the fourth quarter of 2021
EBITDA reached $76,406 million, doubling the 2020 result. Net Income ends at $57,407 million, 3.8 times the previous year's result.
Solid financial situation reflected in a low level of net indebtedness, closing with a ratio of 0.15 times EBITDA, after making capital investments of more than $38 billion in the new EKO®PET plant and guaranteeing the working capital required by the recovery of sales and the increase in international prices.
Construction of the new EKO®PET plant is progressing according to schedule and budget. Equipment assembly will begin in the coming months, with a view to starting operations by 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…