Industry News

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2019 Results: ALTANA Holds Its Ground in a Challenging Environment and Sets the Course for Further Growth

Key figures Altana Group
In the 2019 fiscal year, the specialty chemicals Group ALTANA held its ground in a challenging market environment and at the same time set the course for further growth. Sales amounted to € 2,249 million and were thus nearly 3 percent below the level of the previous year, which was still characterized by a strong first half in economic terms. The main reasons for this were the continuing sluggish demand in key industrial sectors, especially the automotive industry, and the general economic slowdown, especially in China. Adjusted for acquisition and exchange-rate effects, sales decreased by 4 percent. Earnings before interest, taxes, depreciation and amortization (EBITDA) fell by 3 percent to € 416 million. At 18.5 percent, the EBITDA margin was roughly at the previous year’s level despite further increases in expenditure, particularly for research and development and digitization, and thus within the long-term target range of 18 to 20 percent.

Adhesive solutions for efficient Li-ion cell assembly

Covestro
As automotive electrification continues to evolve, powerful lithium-ion (li-ion) battery architectures are at the center of discussions around electric vehicles.

IST Metz presents itself as technology leader

IST Metz Drupa 2016
At Drupa, visitors to the stand of UV equipment manufacturer IST Metz in Hall 1, Stand 1B23, can experience the latest UV and LED curing technology live in print demonstrations four times a day. IST Metz offers UV for all senses on a stand area of 416m² and provides a multimedia preview of future applications in the Future Lab.

BASF invests in the expansion of polyurethane dispersion business in Europe

30 percent increase in production capacity for water-based polyurethane dispersions. BASF meets rising demand for polyurethane dispersions

ALTANA Completes Acquisition of Schmid Rhyner AG

Schmid Rhyner Aussen
The specialty chemicals group ALTANA has completed the acquisition of the overprint varnish specialist Schmid Rhyner AG, which was previously part of the Swiss Conzzeta Group. The acquisition was announced on December 20, 2019. Schmid Rhyner AG will be integrated into ALTANA's ACTEGA division, which will thus be strategically expanded.

Curing and matting in seconds with UV and Excimer technology

PaintExpo 2020: IST Metz presents a wide range of UV solutions for industrial coatings.

UV and LED Technology for Printed Electronics

LOPEC 2020: IST Metz presents water and air-cooled UV technology in different performance classes.

Covestro goes for green electricity

The world's largest corporate supply contract for offshore wind energy.

ALTANA CO2 Neutral by 2025

CO2 Neutral Altana
By 2025 the specialty chemicals group ALTANA will reduce its CO2 impact from production and energy procurement worldwide to zero. Already in 2020, the company’s entire power supply will be converted to renewable energies. ALTANA will compensate for the unavoidable use of natural gas until 2025 by financing equivalent climate protection projects in the regions where CO2 emissions are generated. The same applies to offsetting CO2 emissions arising from necessary business trips, company cars, and the transport of goods. The specialty chemicals group will thus achieve climate neutrality in its direct sphere of influence by 2025.

Circularise, Covestro and Domo showcasing plastics traceability solution at CES 2020

UV Strahlen
Circularise PLASTICS initiative is entering the next stage. The collaborative project for circularity in plastics founded by polyamide supplier DOMO, materials manufacturer Covestro and Circularise, a supply chain transparency start-up, has reached the first milestone. With the support from the founding members Circularise successfully developed the first version of the platform tailored to the plastics industry. The group is piloting the system this year and demonstrating it on the market in a production environment in early 2020. At CES 2020 (Las Vegas, January 7-10), Circularise (Holland Tech Square, Eureka Park, booth 51726) and Covestro (Smart Cities, Tech East, booth 313) will present the project to customers and open the consortium for new partners to join on the pathway towards transparency and circularity in plastics.