Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Germany
  4. Xetra
  5. Krones AG
  6. News
  7. Summary
    KRN   DE0006335003

KRONES AG

(KRN)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

Basis established for a sustainable brewing process: From next year onwards all of Steinecker's new brewhouses will be ready for EquiTherm

11/10/2021 | 04:45am EST

Steinecker, the brewing technology expert within the Krones Group, has been busy ensuring that the EquiTherm energy recovery system is either integrated directly or can be retrofitted with ease in all its new brewhouses from the start of 2022.

It has been ten years since Steinecker launched the EquiTherm energy recovery system, which is now used worldwide to sustainably produce roughly 65 million hectolitres of beer per year. EquiTherm's huge popularity is no surprise: By recovering surplus energy from the hot wort, the demand for primary energy is eliminated during the mashing process. This reduces the amount of energy required and improves the CO2 footprint in the brewing process: As a result, thermal energy and electrical energy consumption in the brewhouse can be cut by up to 55% and 40% respectively.

Breweries can also integrate the EquiTherm system into their existing brewhouses irrespective of whether the brewing equipment was supplied by Steinecker or not. However, a certain amount of effort is required for this: The necessary activities often include replacing sections that are not capable of operating such a highly efficient recuperation system.

New Steinecker brewhouses ready for EquiTherm as standard

The retrofitting of EquiTherm will be much easier in the future: Since all new Steinecker brewhouses purchased from 2022 onwards will come ready equipped for the EquiTherm system, meaning it should be relatively easy to retrofit them without having to actively select this option.

In other words, mash tun kettles, for example, will also be fitted with energy-recycling hot water heating surfaces at the bottom as standard, although they do not necessarily have to be operated with hot water from the start. However, they will be able to deliver the necessary efficiency to work with recovered low-temperature hot water instead of steam as the heating medium sometime in the future. Other plant components have also been designed for use with the energy recovery system. Basically, EquiTherm paves the way to low-temperature brewing and thus to the Steinecker Brewnomic concept, which aims for climate neutrality.

CombiCube also equipped accordingly

All new breweries featuring Steinecker equipment sold from 2022 will come with this new standard - so not only those that opt for a conventional brewhouse with brew sizes above 130 hectolitres, but also all those that produce smaller volumes and therefore rely on the CombiCube compact system. The modular brewery concept is suitable for cold wort volumes of 25 to 130 hectolitres per brew and is ideally suited to the needs of craft brewers and microbreweries - since sustainability also plays a key role for this target group during the brewing process.

Read more about the energy recovery system, its history and the benefits for the brewing process in the online Krones magazine.

Disclaimer

Krones AG published this content on 10 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 November 2021 09:44:07 UTC.


© Publicnow 2021
All news about KRONES AG
01/27UPCYCLING RESIDUAL MATERIALS FROM TH : Steinecker uses brewer's grains and yeast as source..
PU
01/19KRONES AG : Gets a Buy rating from UBS
MD
01/12KRONES AG : Receives a Buy rating from Deutsche Bank
MD
01/07KRONES AG : Warburg Research reaffirms its Buy rating
MD
2021KRONES AG : Notification and public disclosure of transactions by persons
EQ
2021KRONES AG : UBS remains its Buy rating
MD
2021KRONES AG : Deutsche Bank gives a Buy rating
MD
2021KRONES AG : Buy rating from Warburg Research
MD
2021KRONES AG : UBS reiterates its Buy rating
MD
2021KRONES AG : Kepler Cheuvreux reiterates its Sell rating
MD
More news
Analyst Recommendations on KRONES AG
More recommendations
Financials
Sales 2021 3 621 M 4 037 M 4 037 M
Net income 2021 111 M 124 M 124 M
Net cash 2021 183 M 204 M 204 M
P/E ratio 2021 24,4x
Yield 2021 1,17%
Capitalization 2 717 M 3 033 M 3 029 M
EV / Sales 2021 0,70x
EV / Sales 2022 0,63x
Nbr of Employees 16 180
Free-Float -
Chart KRONES AG
Duration : Period :
Krones AG Technical Analysis Chart | KRN | DE0006335003 | MarketScreener
Technical analysis trends KRONES AG
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 9
Last Close Price 86,00 €
Average target price 111,78 €
Spread / Average Target 30,0%
EPS Revisions
Managers and Directors
Christoph Klenk Chairman-Executive Board & Chief Executive Officer
Norbert Broger Chief Financial Officer
Volker Kronseder Chairman-Supervisory Board
Klaus Gerlach Member-Supervisory Board & Head-Operations
Hans-JŁrgen Thaus Member-Supervisory Board
Sector and Competitors
1st jan.Capi. (M$)
KRONES AG-10.32%3 033
NORDSON CORPORATION-10.77%13 253
SUZHOU MAXWELL TECHNOLOGIES CO., LTD.-23.45%8 354
VALMET OYJ-11.90%5 544
HANGZHOU OXYGEN PLANT GROUP CO.,LTD.2.33%4 657
MAREL HF.-8.92%4 642