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21st Austria weekly - Polytec, Andritz (06/05/2022)

08.05.2022

Polytec: In the first quarter of 2022, the Polytec Group’s consolidated sales revenues amounted to Euro 148.8 mn and were therefore at the level of the previous year (Q1 2021: Euro 147.8 million). The marginal increase of 0.7% emanated mainly from higher sales revenues in the Smart Plastic & Industrial Applications market area. Despite massive additional costs, the company recorded positive results in the first quarter of 2022 financial year. The group earnings after tax for the first quarter of 2022 totalled Euro 1.7 mn (Q1 2021: Euro 4.8 mn). Polytec is highly flexible and adapts promptly to the constantly changing economic environment. This enables the management to counteract the turbulent developments on the row materials and energy markets as well as other economic upheavals in close coordination with the group’s customers and suppliers.
Polytec Group: weekly performance: -0.99%

Andritz: International technology group Andritz has signed an agreement with the Sofidel Group to upgrade hood technology at its Kisa tissue mill in Sweden. The ANDRITZ equipment will enable Sofidel to use renewable gas (bio-syngas) to dry tissue or any other type of paper. This is the first-time that bio-syngas will be used in the paper industry for paper drying. Start-up is planned for the first half of 2023. In order to be able to switch the heating process from the LPG (Liquefied Petroleum Gas) currently used to burn bio-syngas instead, the burners at PM3 and PM4 in the Kisa mill will be replaced and the combustion chamber in the hood of PM3 will be upgraded by ANDRITZ Novimpianti. This will ensure a uniform flow of gas and thus enable effective and consistent tissue drying. Once the upgrade has been completed, PM3 will use 100 percent bio-syngas for paper drying, while the PM4 burner will be partially fueled by bio-syngas.
Andritz: weekly performance: -4.81%

(From the 21st Austria weekly https://www.boerse-social.com/21staustria (06/05/2022)


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21st Austria weekly - Polytec, Andritz (06/05/2022)


08.05.2022, 1958 Zeichen



Polytec: In the first quarter of 2022, the Polytec Group’s consolidated sales revenues amounted to Euro 148.8 mn and were therefore at the level of the previous year (Q1 2021: Euro 147.8 million). The marginal increase of 0.7% emanated mainly from higher sales revenues in the Smart Plastic & Industrial Applications market area. Despite massive additional costs, the company recorded positive results in the first quarter of 2022 financial year. The group earnings after tax for the first quarter of 2022 totalled Euro 1.7 mn (Q1 2021: Euro 4.8 mn). Polytec is highly flexible and adapts promptly to the constantly changing economic environment. This enables the management to counteract the turbulent developments on the row materials and energy markets as well as other economic upheavals in close coordination with the group’s customers and suppliers.
Polytec Group: weekly performance: -0.99%

Andritz: International technology group Andritz has signed an agreement with the Sofidel Group to upgrade hood technology at its Kisa tissue mill in Sweden. The ANDRITZ equipment will enable Sofidel to use renewable gas (bio-syngas) to dry tissue or any other type of paper. This is the first-time that bio-syngas will be used in the paper industry for paper drying. Start-up is planned for the first half of 2023. In order to be able to switch the heating process from the LPG (Liquefied Petroleum Gas) currently used to burn bio-syngas instead, the burners at PM3 and PM4 in the Kisa mill will be replaced and the combustion chamber in the hood of PM3 will be upgraded by ANDRITZ Novimpianti. This will ensure a uniform flow of gas and thus enable effective and consistent tissue drying. Once the upgrade has been completed, PM3 will use 100 percent bio-syngas for paper drying, while the PM4 burner will be partially fueled by bio-syngas.
Andritz: weekly performance: -4.81%

(From the 21st Austria weekly https://www.boerse-social.com/21staustria (06/05/2022)



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