Syntegon posts double-digit growth in the third quarter
The mechanical engineering company benefited in particular from strong demand from the pharmaceutical and biotech industries.
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Syntegon reports a successful 2021 financial year: the company was able to significantly increase both its order intake and sales due to the high demand for new systems and increasing modernisation requirements as well as the global economic recovery in special machine construction.
Syntegon looks back on a successful 2021 financial year. Thanks to the established machine and service portfolio, the company was able to realise the High demand due to the Covid-19 pandemic for new systems and increasing modernisation requirements, according to the company. In addition, the company benefited from the effects of the global economic recovery in the special machine construction sector and was able to realise both Significant increase in incoming orders and sales.
Incoming orders rose by 13.1 per cent to EUR 1.5 billion, while total sales increased by 9.9 per cent to EUR 1.41 billion. Global machine sales accounted for two thirds of total turnover, The remaining third is attributable to Syntegon's range of services.
The turnover for 2021 was in roughly equal parts in the most important markets around the globe Asia's share increased slightly: 35 per cent in Europe, 30 per cent in North America and a further 35 per cent in Asia and the rest of the world.
„We have successfully strengthened our global presence and will continue to be an important partner for food and pharmaceutical manufacturers worldwide.“
Dr Walter Bickel, Commercial Managing Director of Syntegon
Innovations and trends in 2021
While sustainable packaging solutions continued to drive innovation in the food industry in 2021, the Covid-19 pandemic intensified the trend towards automation. The Food division recorded particularly high demand in North America, where many food manufacturers have started to replace manual activities with fully automated packaging solutions.
The service business also recorded increased demand, particularly in China. Demand for digital remote maintenance solutions continued to rise due to the restrictions on travelling. The most noticeable impact was The effects of the pandemic were felt in the Pharmaceuticals division, which generated 57 per cent of Syntegon's total sales. In addition to investing in vaccine production, pharmaceutical manufacturers rely on Syntegon's process, filling and inspection technology for their liquid and solid pharmaceuticals.
In 2021, Syntegon stepped up its efforts in the areas of environmental, social and governance (ESG). The company committed to the UN Global Compact and received its first sustainability rating from the global rating agency EcoVadis successfully completed. One of Syntegon's goals is to minimise its CO2-emissions by 25 per cent by 2025 compared to 2019. In addition, the aim is to sustainable packaging materials on all of the company's food packaging machines by the end of this year can be realised.
Portfolio expanded in the area of services and digital solutions
The continuous expansion of the portfolio of services and digital solutions made a significant contribution to meeting the daily needs of customers in 2021. for the 66,000 machines installed worldwide of Syntegon even better. The availability of Remote services was further increased to provide support to both food and pharmaceutical manufacturers via additional digital channels.
New service agreements minimise customers' production risks through regular inspections, maintenance and individual training. They also enable comprehensive planning of annual budgets and capacities. Syntegon's service network has also started to do this, optimise its global supply chain for spare parts, to achieve an even higher level of availability, delivery capability, reliability and transparency.
New services and technologies in 2022
In 2022, Syntegon will further expand its portfolio of digital solutions. This includes a New digital customer platform with an improved human-machine interface (HMI), which supports customers from the food and pharmaceutical industries in monitoring and optimising their production performance and ensures a high level of quality and efficiency.
Syntegon will be presenting further innovations at numerous trade fairs around the world. For example, visitors to Pack Expo in Chicago will be able to experience new technologies for even gentler handling of sensitive products such as biscuits and bars. At the Achema in Frankfurt Syntegon will be presenting its new developments for small and very small batches of liquid pharmaceuticals and for the continuous production of oral solid dosage forms.
Source: Syntegon
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