FMN | Executive Outlook 2019

Executive Outlook

Uteco

Mario Mucciacciaro Executive Vice President

As a worldwide leader in manufacturing of ma- ĐŚŝŶĞƐ ĨŽƌ ƉƌŝŶƟŶŐ͕ ĐŽŶǀĞƌƟŶŐ ĂŶĚ ĐŽĂƟŶŐ͕ ǁĞ ƐĞĞ ƚŚĂƚŵĂŶLJ ĐƵƐƚŽŵĞƌƐ ĂƌĞ ĐŽŶƟŶƵŝŶŐ ƚŽ ƐĞĞ ƚŚĞ ĚĞ - mand and pressure for environmentally responsible ƉĂĐŬĂŐŝŶŐ͘ƐůĂŶĚĮůůƐĂŶĚŽĐĞĂŶƐĐŽŶƟŶƵĞƚŽĮůůƵƉ ǁŝƚŚƉůĂƐƟĐǁĂƐƚĞ͕ǁĞĂƌĞƐĞĞŝŶŐĂŐƌĞĂƚĞƌĚĞŵĂŶĚ ŝŶƚŚĞŵĂƌŬĞƚƉůĂĐĞĨŽƌĚŝīĞƌĞŶƚƚLJƉĞƐŽĨƌĞĐLJĐůĂďůĞ products. The ability to meet these demands by our custom- ĞƌďĂƐĞŝƐĂďŝŐĐŽŶƐŝĚĞƌĂƟŽŶǁŚĞŶĚĞǀĞůŽƉŝŶŐŵĂ - chinery and products to address the latest packaging ƚƌĞŶĚƐ͘ tĞ ĂƌĞ ĂďůĞ ƚŽ ŚĞůƉ ŽƵƌ ĐƵƐƚŽŵĞƌƐ ƐŝŐŶŝĮ - ĐĂŶƚůLJƌĞĚƵĐĞƐĞƚƵƉǁĂƐƚĞǁŝƚŚŽƵƌ<ŝƐƐΘ'ŽĂƵƚŽ - ŵĂƟĐŝŵƉƌĞƐƐŝŽŶƐĞƫŶŐƐLJƐƚĞŵ͘ Uteco is always working to help converters with sus- ƚĂŝŶĂďŝůŝƚLJŝŶŝƟĂƟǀĞƐǁŝƚŚƉƌŽĚƵĐƚƐĨƌŽŵŽƵƌĐŽͲŶ - ǀŝƌŽŶŵĞŶƚĂů ƚĞĐŚŶŽůŽŐŝĞƐ͘ hƚĞĐŽ KŶLJdž y^ ĐŽ KŶĞ͕ ĨŽƌĞdžĂŵƉůĞ͕ƌĞƉƌĞƐĞŶƚƐƚŚĞůĂƚĞƐƚŝŶ͞'ƌĞĞŶ͟hƚĞĐŽ ƐŽůƵƟŽŶƐ͘ dŚŝƐ ƉƌĞƐƐ ŵĞĞƚƐ ƚŚĞ ŵĂƌŬĞƚ ĚĞŵĂŶĚ ƚŽ ƌĞĚƵĐĞ ĞŶĞƌŐLJ ĐŽŶƐƵŵƉƟŽŶ ĂŶĚ sK ĞŵŝƐƐŝŽŶƐ ŝŶ ĂĐĐŽƌĚĂŶĐĞƚŽĐƵƌƌĞŶƚůĞŐŝƐůĂƟŽŶƐ͘/ƚŝƐŝĚĞĂůĨŽƌƐŚŽƌƚ ĂŶĚŵĞĚŝƵŵƌƵŶƐŝŶŇĞdžŝďůĞƉĂĐŬĂŐŝŶŐĂƐǁĞůůĂƐůĂ - ďĞůƉƌŝŶƟŶŐ͘ dŚĞ ƉƌŽĐĞƐƐ ĐŽŶƐŝƐƚƐ ŽĨ  ƉƌŝŶƟŶŐ͕ ĐŽĂƟŶŐ͕ ůĂŵ - ŝŶĂƟŶŐ ĂŶĚ ĐƵƫŶŐ͘ ůů ŽĨ ƚŚŝƐ ŝƐ ĂĐĐŽŵƉůŝƐŚĞĚ ďLJ ĞůĞĐƚƌŽŶŝĐďĞĂŵƚĞĐŚŶŽůŽŐLJ͘hƚĞĐŽĐŽŶƟŶƵĞƐƚŽůĞĂĚ ŝŶĐŽͲĞŶǀŝƌŽŶŵĞŶƚĂůƉƌŽĚƵĐƚƐǁŝƚŚŝŶĚƵƐƚƌLJͲůĞĂĚŝŶŐ ƚĞĐŚŶŽůŽŐLJŝŶĂǀĂƌŝĞƚLJŽĨƉƌĞƐƐĐŽŶĮŐƵƌĂƟŽŶƐƐƵĐŚ ĂƐ ǁĂƚĞƌͲďĂƐĞĚ ŝŶŬ ͕ hs ŝŶŬ ͕ ĂŶĚtĞƚ &ůĞdž  ŝŶŬ͕ as well as water-based and solvent-less adhesives for coaters and laminators. The biggest technological advancement that we at hƚĞĐŽƐĞĞƚŽĚĂLJŝƐ͕ŽĨĐŽƵƌƐĞ͕ĚŝŐŝƚĂůƉƌŝŶƟŶŐ͘ŝŐŝƚĂů ƚĞĐŚŶŽůŽŐLJǁŝůůĂůůŽǁĂŶŝŶĐƌĞĂƐŝŶŐũƵƐƚͲŝŶͲƟŵĞŇĞdž - ŝďůĞ ŝŶĨŽƌŵĂƟŽŶ ŝŶƚĞŐƌĂƟŽŶ ǁŝƚŚ ƚŚĞ ƉƌŽŵŽƟŽŶĂů

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ŵĂƌŬĞƟŶŐ ŽĨ ƚŚĞ ĮŶĂů ƵƐĞƌƐ ĂŶĚ ĨŽŽĚ Θ ƉĂĐŬĂŐŝŶŐ ďƌĂŶĚƐ͘ dŚĞ ^ĂƉŚŝƌĞ sK͕ ĚĞǀĞůŽƉĞĚ ŝŶ ƉĂƌƚŶĞƌƐŚŝƉ ǁŝƚŚ<ŽĚĂŬ͕ĂĚĚƐŶĞǁŽƉƉŽƌƚƵŶŝƟĞƐĂŶĚƉŽƐƐŝďŝůŝƟĞƐ to guide brands from rawmaterial suppliers to added value suppliers. Through stream technology, developed by Kodak, ƚŚŝƐƉůĂƞŽƌŵŝƐĂďůĞƚŽĚĞůŝǀĞƌƵŶŝĨŽƌŵĚŽƚƐŝnjĞĂŶĚ accurate dot placement of the ink regardless of cov- erage or material, even at high speeds. Water-based inks guarantee minimal environmental impact. It’s ƚŚĞ ŝĚĞĂů ƐŽůƵƟŽŶ ĨŽƌ ƐŚŽƌƚ ĂŶĚŵĞĚŝƵŵ ƌƵŶƐ͕ ƉƌŽ - ŵŽƟŽŶĂůƉƌŝŶƟŶŐǁŝƚŚƌĞĚƵĐĞĚƉƌŽĚƵĐƟŽŶƟŵĞ͕ŽŶĞ ƐŚŽŽƚƉƌŝŶƟŶŐ͕ůŽĐĂůŝnjĞĚƐŵĂůůďĂƚĐŚŵĂŶƵĨĂĐƚƵƌŝŶŐ͕ ƉĞƌƐŽŶĂůŝnjĞĚ ƉƌŽĚƵĐƚƐ͕ ůŽƩĞƌŝĞƐ͕ ĐƵƐƚŽŵŝnjĞĚ ĂĚǀĞƌ - ƟƐŝŶŐ ĂŶĚŵŽƌĞ͊  ǁŝĚĞ ĂƌƌĂLJ ŽĨ ƉůĂƐƟĐƐ ĮůŵƐ ĂŶĚ ƉĂƉĞƌĐĂŶďĞƵƐĞĚ͘dŚĞ^ĂƉŚŝƌĞsKĐĂŶďĞƚĂŝůŽƌĞĚ ƚŽŚLJďƌŝĚĐŽŶĮŐƵƌĂƟŽŶƐƵĐŚĂƐŝŶůŝŶĞŇĞdžŽ͕ŐƌĂǀƵƌĞ ƉƌŝŶƟŶŐ ǁŝƚŚ ŝŶ ƌĞŐŝƐƚĞƌ ƌĞƉƌŝŶƚ ŽƉƟŽŶ͕ ŝŶůŝŶĞ ƐƉŽƚ ĐŽůŽƌŽƌKWsĂŶĚŝŶůŝŶĞůĂŵŝŶĂƟŶŐ͘ hƚĞĐŽŝƐŵŽǀŝŶŐĂŚĞĂĚŝŶƚŚĞƉƌŽĚƵĐƚƐŝƚŽīĞƌƐ͕ƚŚĞ ƚĞĐŚŶŽůŽŐŝĞƐŝƚƐƚƵĚŝĞƐĂŶĚƚŚĞŝŶŶŽǀĂƟǀĞƐŽůƵƟŽŶƐ ŝƚƉƌŽƉŽƐĞƐ͘tĞǁŝůůĐŽŶƟŶƵĞƚŽŚĞůƉŽƵƌĐƵƐƚŽŵĞƌƐ ŐƌŽǁ ǁŝƚŚ ƚŽƉ ƋƵĂůŝƚLJ ƉƌŝŶƟŶŐ ŵĂĐŚŝŶĞƐ ƚŚĂƚ ŽīĞƌ operators ease of use, reliability and at the same ƟŵĞŽīĞƌƚŚĞůĂƚĞƐƚŝŶĚŝŐŝƚĂů͕ůĂŵŝŶĂƟŶŐĂŶĚĐŽĂƟŶŐ technologies. Uteco stands in the forefront in the manufacturing ĮĞůĚ͕ ƚĞĐŚŶŽůŽŐŝĞƐ ĂŶĚ ŝŶŶŽǀĂƟǀĞ ƐŽůƵƟŽŶƐ͕ ĂůǁĂLJƐ keeping an eye to the future.

14 Executive Outlook Special Report

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