In 2021, investments in property, plant and equipment and intangible assets amounted to CHF 169 million – CHF 19 million or 12.7% more than in the previous year. As a percentage of net sales, the investment ratio was 4.9% (previous year 5.0%). 45% of the total investments went towards capacity expansion to cope with sales growth. 39% was invested in the modernisation of property, plant and equipment and, hence, in further enhancement in production efficiency. Furthermore, 9% was used for rationalisation measures relating to property, plant and equipment, while 7% was used to acquire tools and equipment for new product developments. All important, larger investment projects were carried out as planned.
The biggest undertakings in the reporting year were expansion and modernisation projects at the plants in Pfullendorf (DE), Langenfeld (DE), Lichtenstein (DE) and Ozorkow (PL) as well as at the Nordic plants in Ekenäs (FI) and Bromölla (SE). As in previous years, significant investments were made as part of the introduction of FlowFit – the new piping system – at the plant in Rapperswil-Jona (CH).