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. Switzerland
  4. Swiss Exchange
  5. Sulzer Ltd
  6. News
  7. Summary
    SUN   CH0038388911

SULZER LTD

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

Sulzer : Chemtech and Wageningen Food & Biobased Research announce development partnership for bio-based foamed materials

07/21/2021 | 03:27am EDT

Polymer foams have been in the market for more than 80 years and play a central role in products used in our everyday lives, from sofas and beds to food packaging for takeaways. Their light weight and good thermal insulation properties can support a broad range of applications. Nevertheless, their limited recyclability and sustainability are significant challenges that companies and research institutes need to overcome to support a circular economy of plastic.

Foaming process and foaming technology to market

With a focus on the development of scalable processing methods for bio-based foamed materials, the partnership between Sulzer Chemtech and Wageningen Food & Biobased Research aims to increase the market share of cost-competitive bio-based polymers in different sectors. The development of key manufacturing processes and technologies will help Sulzer Chemtech's customers and end users benefit from solutions that anticipate the needs of tomorrow. These include providing more sustainable materials. In effect, the use of renewable materials in foamed products can reduce the carbon footprint of goods, improving their attractiveness from both a financial and sustainability standpoint.

Daniel Rytz, Global Head Strategy and Technologies at Sulzer Chemtech, comments: 'This partnership is yet another milestone on Sulzer Chemtech's journey towards enabling a circular economy. As the technology leader for the production of polylactic acid, this joint foam application development will open up new areas for bio-based plastics and is a further step towards achieving our own sustainability goals.'

According to Aline Sanchez, Business Developer on Circular Economy of Plastics at Wageningen Food & Biobased Research: 'This partnership shows the need of research institutes to work directly with private companies to develop ideas into projects that can shape and transform the future of industry. Together, we are able to reach the sustainability goals that we as society and the scientific community should have as our ultimate goal.'

Wageningen Food & Biobased Research will bring its ample experience in sustainable innovation, i.e. biobased resources, chemistry, material science and technology, while Sulzer Chemtech, as the leader in separation and mixing technology, will share its extensive knowledge and product portfolio for advanced foaming processes as well as for the production and purification of bio-based monomers.

Disclaimer

Sulzer AG published this content on 21 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 July 2021 07:24:37 UTC.


© Publicnow 2021
All news about SULZER LTD
09/07GLOBAL MARKETS LIVE : Ryanair, Hyundai, Adecco, Goldman Sachs, JD.com...
09/07SULZER : Morgan Stanley Lifts Price Target on Sulzer, Maintains Equalweight/Caut..
MT
09/06SULZER : to Spin Off, Float Applicator Systems Division
MT
08/31SULZER : Mixpac receives EcoVadis award
PU
08/18Sulzer Plans to List Applicator Systems Division
CI
08/17SULZER : Invitation to extraordinary general meeting of Sulzer Ltd to be held on..
PU
07/26SULZER : Research Partners Lifts Price Target on Sulzer, Maintains Buy Recommend..
MT
07/22SULZER : H1 Earnings Surge 455% Amid Sales Growth In All Divisions
MT
07/22SULZER : Midyear results 2021 presentation (pdf)
PU
07/22SULZER : Record profitability and cash flow on continuing sales momentum
PU
More news
Analyst Recommendations on SULZER LTD
More recommendations
Financials
Sales 2021 3 458 M 3 707 M 3 707 M
Net income 2021 161 M 173 M 173 M
Net Debt 2021 319 M 342 M 342 M
P/E ratio 2021 28,4x
Yield 2021 3,05%
Capitalization 4 510 M 4 845 M 4 836 M
EV / Sales 2021 1,40x
EV / Sales 2022 1,27x
Nbr of Employees 15 054
Free-Float 49,4%
Chart SULZER LTD
Duration : Period :
Sulzer Ltd Technical Analysis Chart | SUN | CH0038388911 | MarketScreener
Technical analysis trends SULZER LTD
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 5
Last Close Price 133,30 CHF
Average target price 134,20 CHF
Spread / Average Target 0,68%
EPS Revisions
Managers and Directors
Grégoire Poux-Guillaume Chief Executive Officer
Jill Lee Chief Financial Officer
Peter D. Löscher Chairman
Gerhard Roiss Independent Non-Executive Director
Hanne Birgitte Sorensen Independent Non-Executive Director
Sector and Competitors
1st jan.Capi. (M$)
SULZER LTD43.18%4 845
ATLAS COPCO AB41.11%79 216
FANUC CORPORATION5.01%46 484
TECHTRONIC INDUSTRIES COMPANY LIMITED44.85%37 757
PARKER-HANNIFIN CORPORATION6.29%37 133
SANDVIK AB5.37%30 638