One Maag America – Together, as a team, we can accomplish more Dear Team MAAG Americas, As we enter a somewhat tougher year with respect to the overall investment environment, MAAG Group is holding its own. We are behind AOP in the Americas both in Revenue and in EBIT yet in February Group financials were above our forecast and only slightly below AOP. Two larger systems that were discounted just as Covid started and finally shipped pulled us down in the USA. February bookings on the Group level were slightly above forecast and in general, the quoting activity remains stable and there is little indication of a weakening market. US market has softened a bit and we do see delays in receiving PO’s. Team Kent conducted an On-time delivery Kaizen event this week and identified multiple areas of improvement. As they start to implement such we will learn from the outcome and will also conduct an event in Eagle Rock. Many of the issues identified by the team that lead to our current meager On-time performance for capital projects are also relevant for Eagle Rock’s processes. Key to success for these events is that action items developed in the workshop are being pushed into action plans right away – meaning the team has developed plan to start executing improvements next Monday. The full effect of any changes will not be felt until later in the year due to current backlog and systems going through under current processes. I am optimistic that we can significantly improve on this measure for the benefit of our customers and the benefit of our teams to reduce turmoil, re-scheduling and frustration and shall see the seedlings of meaningful change by mid year. Cheers - Martin
It isn’t a secret that I believe recycling is a defining topic for our entire industry. The most important conference and show regarding plastic recycling was held this week in Washington and MAAG participated with a nice booth that highlighted our technology solutions that contribute to turn plastic waste into quality pellets again that in turn end up in consumer products. There is significant movement in the USA to strengthen plastic recycling with investments in chemical recycling (Exxon, Eastman) and new players in mechanical recycling such as PureCycle and Circulus. On the political and regulatory side is also movement – including talk about a National Bottle Bill (something unheard off such a few years ago)
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