Displaying items by tag: smurfit kappa

The purchase of PaperBox expands both the company’s presence in Brazil and its product portfolio

2021 11 03 134754Smurfit Kappa, one of the world’s leading suppliers of paper-based packaging, announced it has signed an agreement to acquire PaperBox, a packaging plant located in Saquarema, 70 kms east of Rio de Janeiro. The transaction, which is subject to the approval of regulatory bodies, is expected to close at the end of October.

Brazil is the largest corrugated cardboard market in Latin America, with 7.4 bn sq m produced annually, and the Southeast region, where PaperBox is located, equates to 46% of this volume. This acquisition represents a further expansion of Smurfit Kappa’s operational footprint in Brazil as it currently operates in three other states: Minas Gerais, Rio Grande do Sul and Ceará.

“We are very proud to expand our footprint in Brazil to meet the growing demand for innovative and sustainable packaging. This acquisition will broaden and strengthen our presence in the country, improve our production capabilities and enable us to continue to create new opportunities and form new partnerships with customers,” said Laurent Sellier, CEO of Smurfit Kappa in the Americas.

Manuel Alcalá, CEO of Smurfit Kappa in Brazil, added: “Smurfit Kappa believes in Brazil and in the opportunities to deliver growth by continuing to add value to our customers business. PaperBox has a distinguished history in the region and a special commitment to all stakeholders. This is a legacy that Smurfit Kappa will build upon.”

Published in South American News
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Wednesday, 03 November 2021 13:54

Smurfit Kappa Group Plc | Q3 Trading Update

Smurfit Kappa Group plc (‘SKG’, 'Smurfit Kappa' or ‘the Group’) has just announced a trading update for the 9 months to 30 September 2021.

First Nine Months Overview:  

  • Revenue growth year-on-year of 15% to €7,287 million
  • EBITDA growth year-on-year of 10% to €1,235 million with a margin of 17%
  • Third quarter EBITDA growth year-on-year of 16% to €454 million
  • Issued €1 billion in bonds under our Green Finance Framework

Tony Smurfit, Group CEO, commented:

“I am pleased to report a strong first nine months for the Group with corrugated growth of 9% in Europe and 11% in the Americas versus 2020. Our integrated paper and corrugated system is effectively sold out and I am very proud of our people who are ensuring that customers, for the most part, are supplied securely and efficiently despite many supply chain disruptions. Materially higher input costs, principally, but not limited to, recovered fibre and energy are being progressively recovered through corrugated price increases.

2021 11 03 134754“To meet growing customer demand, in the first nine months of the year, we approved approximately €600 million in projects across the Group. In our corrugated business, we have approved 48 new converting machines and six new corrugators across Europe and the Americas. I am delighted to report that we completed the acquisition of the Verzuolo mill in early October bringing 600,000 tonnes of paper into our integrated system. In addition, we also approved two major paper projects in Germany and Mexico, ensuring future security of supply to our over 65,000 customers. This continued investment will ensure that Smurfit Kappa remains best placed to satisfy our customers’ needs with the most innovative and sustainable packaging solutions.

“Reflecting our continuing focus on sustainability was the recent launch of our Green Finance Framework and issuance of green bonds of €500 million with a coupon of 0.5% and €500 million with a coupon of 1.0%, with 8 and 12 year maturities respectively. Setting up this framework is a further significant step in our sustainability strategy, embedding sustainability into our capital structure alongside our sustainability linked Revolving Credit Facility.

“SKG continues to deliver against all performance metrics with EBITDA for the nine months of €1,235 million and a margin of 17%. This shows the continuing strength of our integrated business model; the benefits of geographic diversity; and the quality and dedication of the SKG team. We expect to deliver significant EBITDA growth for the full year in line with current market expectations. With the many growth opportunities and the significant ongoing investment in our business, we are excited about our future prospects.”

About Smurfit Kappa

Smurfit Kappa, a FTSE 100 company, is one of the leading providers of paper-based packaging solutions in the world, with approximately 46,000 employees in over 350 production sites across 36 countries and with revenue of €8.5 billion in 2020. We are located in 23 countries in Europe, and 13 in the Americas. We are the only large-scale pan-regional player in Latin America. Our products, which are 100% renewable and produced sustainably, improve the environmental footprint of our customers. 

With our proactive team, we relentlessly use our extensive experience and expertise, supported by our scale, to open up opportunities for our customers. We collaborate with forward-thinking customers by sharing superior product knowledge, market understanding and insights in packaging trends to ensure business success in their markets. We have an unrivalled portfolio of paper-based packaging solutions, which is constantly updated with our market-leading innovations. This is enhanced through the benefits of our integration, with optimal paper design, logistics, timeliness of service, and our packaging plants sourcing most of their raw materials from our own paper mills.

We have a proud tradition supporting social, environmental and community initiatives in the countries where we operate. Through these projects we support the UN Sustainable Development Goals, focusing on where we believe we can have the greatest impact.

smurfitkappa.com

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Smurfit Kappa Group plc (SKG:ID SKG:LN) (together with its subsidiaries, “Smurfit Kappa” or the “Group”), one of the world’s largest integrated manufacturers of paper-based packaging products, with operations in Europe and the Americas, have just announced a dual-tranche offering by one of its wholly-owned subsidiaries, Smurfit Kappa Treasury Unlimited Company, comprising €500 million in aggregate principal amount of senior notes due 2029 and €500 million in aggregate principal amount of senior notes due 2033 (together, the “New Notes”) (the “Offering”).

The Group intends to use an amount equivalent to the net proceeds of the Offering to finance or refinance a portfolio of eligible assets and expenditures (“Eligible Green Projects”) in accordance with its previously announced green finance framework (the “Green Finance Framework”), which the Group may, in the future, update in line with developments in the market. The Green Finance Framework and the ISS ESG Second Party Opinion thereon are available at smurfitkappa.com/investors.

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Under the Green Finance Framework, Eligible Green Projects include circular economy adapted products, production technologies and processes and/or certified eco-efficient products, such as: (i) reclamation of used fibres; (ii) recycling of used fibres; (iii) paper milling; and (iv) packaging conversion. In addition, Eligible Green Projects include the environmentally sustainable management of living natural resources and land use, such as the procurement of responsibly-sourced raw materials or ingredients (like wood, pulp, paper and recovered paper) and the utilisation of forests and raw materials certified in accordance with (i) Forest Stewardship Council (FSC) standards; (ii) Sustainable Forestry Initiative (SFI); and (iii) Programme for the Endorsement of Forest Certification (PEFC).

The Group intends to issue a notice today for the conditional redemption of €500 million in aggregate principal amount of the 2.375% Senior Notes due 2024 (the “2024 Notes”), issued by Smurfit Kappa Acquisitions Unlimited Company pursuant to an indenture dated 24 January 2017. The Group intends to use cash on hand and/or existing available facilities to fund the redemption of the 2024 Notes and pay accrued but unpaid interest thereon. The redemption is currently anticipated to take place on 25 September 2021 and is conditional upon the completion of the Offering and the receipt by the Group of the net proceeds from the sale of the New Notes on or before the redemption date. There can be no assurance that the Offering or the redemption of the 2024 Notes will be completed.

The New Notes are being offered in a private placement and there will be no public offering of the New Notes. The New Notes will be offered and sold only to non-U.S. persons outside the United States in accordance with Regulation S under the U.S. Securities Act of 1933, as amended.

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Smurfit Kappa is now working with 70% of leading European e-retail brands, the packaging solutions company said as it announced the new name for its e-retail offering – eSmart. This is the culmination of years of experience helping e-retailers optimise opportunities in the online sales space. eSmart guides companies through 12 key areas relating to the optimisation of e-retail processes, supply chain efficiency and delivering a superior consumer experience.

Edwin Goffard, COO Corrugated Europe, says: “As online sales grow and consumer expectations evolve in an increasingly digitalised world, the pressure is on for brand owners and e-retailers to stand out from the crowd. Packaging plays a vital role in helping businesses grow profitably, manage supply chain complexity, and deliver the right brand experience.”

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“By bringing our e-retail offering together under the eSmart umbrella, we are making it even simpler for companies to find the packaging solutions that make business sense. We’re delighted to partner with so many leading online retailers including Zalando and CDiscount and we look forward to working with more brands to help them unlock the opportunities that will support future success.”

Smurfit Kappa also announced that its eSmart service has enabled one of the UK’s fastest growing online retailers to save £250,000 annually. Using the eSmart process to analyse its online businesses, Smurfit Kappa helped The Hut Group to streamline its packing process, driving efficiencies across the supply chain.

Additionally, thanks to the eSmart service, leading food delivery service HelloFresh was able to optimise its e-retail process with a solution that not only delivered a superior customer experience but increased packing space by 17% and pallet fill by 13%.

Luke Grob, Product and Innovation Director at HelloFresh, said: “It’s essential for us to always keep our customers at the heart of everything we do. At each step of the design process, Smurfit Kappa shared our vision and passion for customer-centric attention to detail.”

More information about eSmart can be found here: http://info.smurfitkappa.com/esmart

About Smurfit Kappa

Smurfit Kappa, a FTSE 100 company, is one of the leading providers of paper-based packaging solutions in the world, with around 45,000 employees in approximately 370 production sites across 34 countries and with revenue of €8.2 billion in 2016. We are located in 21 countries in Europe, and 13 in the Americas. We are the only large-scale pan-regional player in Latin America.

With our proactive team we relentlessly use our extensive experience and expertise, supported by our scale, to open up opportunities for our customers. We collaborate with forward-thinking customers by sharing superior product knowledge, market understanding and insights in packaging trends to ensure business success in their markets. We have an unrivalled portfolio of paper-packaging solutions, which is constantly updated with our market-leading innovations. This is enhanced through the benefits of our integration, with optimal paper design, logistics, timeliness of service, and our packaging plants sourcing most of their raw materials from our own paper mills.

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2017 05 18 105431

Smurfit Kappa is well on its way to meeting its ambitious 2020 sustainability goals, according to its tenth annual sustainability report which was released today. In the decade since it started formally measuring its sustainability impact, Smurfit Kappa reached full Chain of Custody certification for its entire raw material supply chain. At the same time it has cut CO₂ emissions by 23% and the quality of its discharge water improved by 32%, both on track for its 2020 target of 25% and 33% respectively.

Smurfit Kappa’s sustainability report, which measures year-on-year progress with a focus on five priority areas (Forest, Climate Change, Water, Waste and People), shows that over the past ten years the packaging giant has also achieved a significant reduction in the amount of waste sent to landfill and has invested €60 million in water treatment plants.

Smurfit Kappa is also celebrating over ten years of investment in social and scientific projects with the aim of supporting the communities in which it operates. Over €30 million has been invested in projects ranging from providing improved facilities and play therapy at a school for children with disabilities in Italy, to working with Colombian universities to study and protect the flora and fauna in the company’s forests.

“Smurfit Kappa is playing its part in creating a sustainable future by building a profitable business based on sustainable principles. We will continue to pioneer innovative ways to be sustainable to create value for both our customers and shareholders,” said Tony Smurfit, Group CEO of Smurfit Kappa. 

Steven Stoffer, Group Vice President of Development, with responsibility for sustainability within Smurfit Kappa, said: “Compared to other packaging materials, paper is the most sustainable, therefore sustainability is within the very DNA of our company. These latest results are a testament to the contribution everyone at Smurfit Kappa makes to reach our ambitious goals. We’re proud of the progress we’ve made over the past decade, and very pleased to be on track to meet our 2020 sustainability goals.”

Key findings from the 2016 report include:

Forest

  • Over 90% of packaging supplied to customers is Chain of Custody certified

Climate Change

  • 22.9% reduction of fossil CO₂ emissions per tonne of paper produced (against 2005 baseline)

Water

  • Completed mill-specific water risk assessments in eleven paper mills
  • 31.9% reduction in relative amounts of COD in discharge water (compared to 2005)

Waste

  • 13.3%  reduction in waste sent to landfill

People

  • Health and Safety: Reduced the Lost Time Accident (LTA) frequency rate by 10% in 2016
  • Implemented over 1,000 follow-up actions as a result of the MyVoice employee survey

Click here to download the 2016 report.

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In January 2016, Smurfit Kappa signed another contract with PMP for a press part rebuild of PM#1 in its Mill in Barbosa (Colombia). PMP (Paper Machinery Producer) has been chosen again as a strategic partner supporting Smurfit Kappa’s development.

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PM#1 currently produces Testliner & Fluting of daily capacity 270 t/d. PM#1 will be supplied with state-of-the-art new technological items provided by PMP. The project driving force is modern technology that ensures energy savings solutions following global trends. Additionally, excellent paper quality is expected.

Project goals are focused on generating energy savings, improving PM#1’s runnability, and increasing paper properties as well as its annual capacity by 31%. The main idea is to apply a state-of-the-art Intelli Tri-Nip® Press Section with an Intelli-Nip® Shoe Press. The shoe press technology is going to play a key role in the final success, bringing ultra-high dryness (from 44% before rebuild, up to 52% after press. It is important to mention that 1% more dryness after press brings 4% steam saving in the dryer section. The shoe press technology enables significant improvement of paper properties (especially bulk & bursting strength) and significantly supports PM#1’s runnability increase.

PMP’s scope of delivery includes the Intelli Tri-Nip® Press section with the Intelli-Nip® Shoe Module (design nip load 1400 kN/m, shoe press module type 1300). A compact design of a new press section Intelli Tri-Nip® will ensure reduction of open draws and significantly increase PM#1’s runnability. Intelli-Nip® shoe press has been already appreciated by paper mills worldwide (just to mention recent PMP projects in USA, Mexico, China, Russia and Poland), due to its reliable performance confirmed by patented solutions, top sheet dryness level (up to 53%) resulting in significant steam consumption savings and user-friendliness. Scope of delivery in the case of the Smurfit Kappa project also covers Intelli-DCR® (Deflection-Compensation Roll), PM auxiliaries systems such as PM controls & panels, mechanical drives, machine pulper, as well as base plates and spare parts. Structural machine components will be designed for a design speed of 1000 m/min. PMP will also be responsible for on-site services, including on-site erection and start-up supervision. The delivery is scheduled for November 2016, followed by erection on site and start-up by the turn of 2016/2017.

This particular project is an example where PMP’s technological knowledge combined with high-tech equipment can become a key factor to achieve common success. This project is also another step forward in partnership development between PMP and Smurfit Kappa.

About Smurfit Kappa:

Smurfit Kappa is one of the leading providers of paper-based packaging solutions in the world, with around 45,000 employees in approximately 370 production sites across 34 countries and with revenue of €8.1 billion in 2015. Smurfit Kappa is located in 21 countries in Europe, and 13 in The Americas. Company is the only large-scale pan-regional player in Latin America. With their pro-active team, they relentlessly use extensive experience and expertise, supported by their scale, to open up opportunities for customers. Smurfit Kappa collaborate with forward thinking customers by sharing superior product knowledge, market understanding and insights in packaging trends to ensure business success in their markets. Company has an unrivalled portfolio of paper-packaging solutions, which is constantly updated with our market-leading innovations. This is enhanced through the benefits of their integration, with optimal paper design, logistics, timeliness of service, and packaging plants sourcing most of their raw materials from their own paper mills. Smurfit Kappa products, which are 100% renewable and produced sustainably, improve the environmental footprint of their customers. (learn more: www.smurfitkappa.com)

About PMP:

PMP – a global provider of tissue, paper & board technology, has been supporting pulp and paper industry for over 160 years, executing projects on 6 continents, in 29 countries. Company with headquarters in Jelenia Góra, Poland, owns 6 facilities in 4 countries (Poland, USA, China, Italy). PMP is a recognized international player in both paper & tissue industry. At the end of December 2015, PMP introduced new branding initiative including launching a new logo & visual identity. (learn more: www.pmpgroup.com)

Published in South American News
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Monday, 11 January 2016 10:04

Countrystyle wins Smurfit Kappa contract

Kent-based resource management and recycling specialist Countrystyle Recycling has been appointed by Smurfit Kappa, one of the world’s leading paper-based packaging solutions providers, to provide recycling services for various waste streams arising from their new machine at the Townsend Hook site in Snodland, Kent.

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The contract, worth c. £6million, will run until April 2018. Countrystyle is providing resource management services for c. 30,000 tonnes of material per year arising from the new machine, including ragger rope, small and heavy rejects, fine rejects, plastics and sand. Countrystyle is also providing total waste management services for all non-processed waste streams at the Snodland site.

Countrystyle and Smurfit Kappa worked together closely in the lead up to this contract award on the design of specialist containers to optimise logistics and fit within the designated waste collection area into which the various waste streams arising from the mill are directed. Each waste stream is collected separately by Countrystyle’s own fleet and transported to various treatment and disposal sites including Countrystyle’s own state-of-the-art recycling facility in Ridham.

Malcolm Wright, Purchasing Manager at Smurfit Kappa, said, “We are pleased to be working with Countrystyle as we know that they are specialists in their field, using experience and innovation to tackle difficult waste streams such as ragger rope. We are confident that they will deliver our goal of 100% diversion from landfill, bringing with it both environmental and financial benefits for Smurfit Kappa.”

Countrystyle’s Managing Director, Chris Howard, said, “This contract cements our relationship with Smurfit Kappa and justifies our significant investment in aiding the recovered paper sector in the recycling and reuse of by-products from its processes.

“This win further demonstrates Countrystyle’s continued ability to provide innovative, professional and cost-effective solutions across the spectrum of collection and treatment services.”

Countrystyle continues to expand its operations, both in and outside of Kent, providing integrated and innovative recycling and resource management solutions for local authorities, businesses and the general public alike.

Countrystyle Recycling
Countrystyle Recycling is a leading, privately owned waste management and recycling company capable of handling, processing, disposing and recycling almost all forms of waste.  Its flagship facility, at Ridham in

Sittingbourne, Kent, provides specialist services for the recycling of plasterboard and wood. Other services include in-vessel composting, two waste transfer stations and an extensive commercial waste recyclable collection service providing local authorities and businesses with closed loop waste and resource management recycling services. For more information please see www.countrystylerecycling.co.uk

Smurfit Kappa
Smurfit Kappa is one of the leading providers of paper-based packaging solutions in the world, with around 43,000 employees in approximately 350 production sites across 33 countries and with revenue of €8.1 billion in 2014. Smurfit Kappa’s Townsend Hook site will produce approximately 250,000 tonnes per year of quality recycled containerboard material from its new machine.  For more information please see www.smurfitkappa.com

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In July 2015, PMP – a global provider of tissue, paper and board technology, signed a contract with Smurfit Kappa Mexico for a  Phoenix Concept™ rebuild of a reborn papermaking line that will be installed in Los Reyes mill.

The main goal of the project is to boost mills capacity by adding approx. 100, 000 t/a tones of high-strength corrugating medium (100% OCC) to be converted in packaging boxes for various industrial use. A new PM6 (operating speed 800 m/min, reel trim 2450 mm)  will be a blend of repurposed and refurbished assets (originally installed on PMs in Spain and Germany) and world class new technological items  provided  by  PMP.  The  project  driving  force  will  be  based  on  modern  technology  through application of energy savings solutions following global trends and gaining excellent paper quality.

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PMP is planning to reconfigure the existing, relocated PM from Spain originally producing 70,000 t/a of 130 gsm corrugating medium and liner at 550 mpm in three steps. Step one: careful analysis of existing assets’ condition (identifying items for refurbishment and further incorporation in a brand new line), step two: designing and making core technological sections and finally to successfully integrate all to reach both quality and capacity goals of the project.

As far as new technology is concerned, PMP will deliver solutions from its Intelli-Technology® platform concept for papermakers. A state-of the-art, 5-channel hydraulic Intelli-Jet V® headbox (pondside: 2675 mm) will bring excellent formation and also production flexibility for the mill (basis weight range of 100-240 gsm g/m²). The headbox will include sophisticated Consistency Profiling System to ensure excellent basis weight control, resulting in uniform paper web structure and better CD basis weight profile. A compact design of a new press section Intelli Tri-Nip™  will ensure reduce draws and significantly increase PM runnability.   The press section will be equipped with a reused Shoe Press (module 1500) that will be significantly rebuild by PMP to work in inverted position with the design nip load of 1050 kN/m. shoe press). Shoe Press technology ensures reliable performance, top sheet dryness level resulting in significant steam consumption savings and user-friendliness of equipment. A new Intelli-Dryer® after dryer section will include 10 new, steel dryers allowing further energy as well as space  in the mill savings.  In addition PMP will provide fourdrinier extension, tail threading system upgrade, a reel rebuild (relocated from Germany), new mechanical drives and essential replacement parts. PMP will execute vast scope of services including refurbishment ,pre-assembly, assembly at site and technological start-up supervision as well as PM optimization. The delivery is scheduled for late spring 2016, followed by erection at site by the end of 2016. The start-up is scheduled for 1st quarter of 2017.

Smurfit Kappa is one of the leading providers of paper-based packaging solutions in the world with over 43,000 employees across 33 countries and with revenue of €8.1 billion in 2014. Smurfit Kappa is located in 21 countries in Europe, and 12 in the Americas, and is the only large-scale pan-regional player in Latin America. Smurfit Kappa’s pro-active team relentlessly uses its extensive experience and expertise, supported by its scale, to open up opportunities for its customers. This is enhanced through the benefits of the integration, with optimal paper design, logistics, timeliness of service, and packaging plants sourcing most of their raw materials from own paper mills. Smurfit Kappa products, which are 100% renewable and produced sustainably, improve the environmental footprint of customers.

This particular project is another step forward in partnership development between PMP and Smurfit Kappa this time in the Americas. It is worth mentioning that it is the first project of such a grade scale for PMP in Mexico.

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Smurfit Kappa has announced a three-year £98 million (US$154 million) investment project for its recycled paperboard mill in Townsend Hook, Kent, U.K. The installation and commissioning of a custom designed, 5-meter, lightweight recycled container board machine is due to be completed and operational by the end of 2014. According to a release, the investment will secure the company with enough supply of paper for all of Smurfit Kappa’s packaging operations in the U.K. and Ireland.

Smurfit Kappa says the new machine will produce lightweight corrugated papers, and will be used internally by Smurfit Kappa’s integrated plants to meeting market requirements for high efficiency and sustainable, recycled papermaking. The cost associated with the project will be phased in over three years. The company notes that the outlay represents one of the largest investments by an established U.K. paper manufacturer and is a significant sign of Smurfit Kappa’s commitment to its customers.

The equipment will replace two existing container board machines and will increase Townsend Hook’s annual capacity of FSC certified, recycled paper from 240,000 metric tons to 260,000 metric tons.

Chris Allen, CEO of Smurfit Kappa Paper UK, says, “This investment in the current financial climate shows Smurfit Kappa’s commitment to the U.K., Ireland and Pan-European customers of our corrugated and paper divisions. The design of the new machine features state-of-the-art technology that will produce a superior lightweight paper, enhancing our position and confirming us as a leading player in the U.K. and Ireland.

Clive Bowers, CEO of Smurfit Kappa Corrugated UK, adds, “At a time of considerable change in the U.K. and European packaging markets, it is vitally important for our customers that continuity, innovation and quality of supply is maintained at all times. This major investment in our infrastructure underlines our desire to provide our customers with unparalleled advantage over their competitors, ensuring that Smurfit Kappa is always seen as leading our industry, with bold and decisive business policies for the long-term.”

source: recycling today

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SPM Instrument has been commissioned to install SPM HD on four wash presses at Smurfit Kappa Kraftliner in Piteå, Sweden. The SPM HD measuring technique, a sophisticated enhancement of the SPM method, is particularly well suited for condition monitoring of low rpm machinery like wash presses.

Smurfit Kappa Kraftliner Piteå is Europe’s largest kraftliner producer with an annual production capacity of some 700.000 tons. The kraftliner base paper, made from fresh fibre and used for production of high quality corrugated packaging, is produced on two paper machines. In the pulp and paper industry, wash presses are used for removing dissolved organic material and chemical residue from the cooking process. The wash presses at Smurfit Kappa Kraftliner Piteå run at approximately 10 rpm.

For Smurfit Kappa, the deciding factor for choosing SPM HD was a study visit at Holmen Paper in Hallstavik in conjunction with the SPM User group meeting in September, 2010. SPM HD has been in operation at Hallsta paper mill for almost two years, and the experiences of the method at Hallsta are excellent. Yet another important factor for the decision to invest in SPM HD was the detailed description of SPM HD presented during the User group meeting.

Håkan Sirkka, maintenance technician at Smurfit Kappa Kraftliner, comments:

”Earlier, we did not have a good method for detection of damaged bearings on low speed machinery. We tried vibration measurement, but to no avail. Now, with the capability to detect bearing damages with great prewarning times, enabling planned bearing replacements, we anticipate to save at least 10.000 EUR annually.”
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