PDF, 1.2 MB - Pfleiderer AG
PDF, 1.2 MB - Pfleiderer AG PDF, 1.2 MB - Pfleiderer AG
42 being focused: being better 44.7 61.1 02 01 Capital Expenditure, continued operations in million euros capital expenditure Capital expenditure by the Pfleiderer Group focuses on replacement spending to maintain plant, as well as on the construction of new production sites or the introduction of new products. An internal yield guideline lays down the conditions that apply to new capital expenditure, ensuring that adequate interest on capital is achieved. In 2002, the Pfleiderer Group had total capital expenditure of 44.7 million euros (2001: 61.1 million euros). Wood-Based Panels Capital expenditure by the Wood-Based Panels Business Center in 2002 came to 19 million euros. Apart from essential spending on replacements, smaller rationalization measures were carried out to maintain this segment’s cost leadership in the German market. At the Polish production site in Prospan, production of post-forming elements was started in December, rounding off the production portfolio. Apart from that, a new multi-format contact press for the surfacing of particleboard and MDF board was purchased in order to enable further growth of the business center in this profitable market segment. Infrastructure Technology Capital expenditure in the Infrastructure Technology Business Center came to around 18.0 million euros in 2002. Spending concentrated mainly on the construction of a new concrete mast plant in Barstow in California (around 7.4 million euros). Apart from that, production facilities for rail and points sleepers were extended at Travipos in Spain. Insulation Technology Pfleiderer invested a total of approx. 17.2 million euros in the insulation technology segment in 2002. Most of this was directed at expanding production capacity in Russia. In order to strengthen our market presence in Russia and eastern Europe, work started on the construction of a new plant in Serpuchov near Moscow in 2001. Construction of the factory will now be completed by its new owner, Uralita S.A. The insulation plant is expected to start operations in the first half of 2003.
management report capital expenditure/environmental report pfleiderer ag 43 Doors and Windows Capital expenditure during fiscal 2002 in the Doors and Windows Business Center mainly focused on replacements needed to maintain production plant, as well as for the acquisition of the Svedex brand. The volume of expenditure in this Business Center came to 5.6 million euros in fiscal 2002. environmental report Environmental Protection Policy and Organization Air and noise emissions in all of Pfleiderer’s production plants are strictly monitored for compliance with the Federal Emissions Act. This reflects the Pfleiderer Group’s strong commitment to protecting the environment. Pfleiderer also recognizes the importance of dialogue about environmental matters with the general public. Pfleiderer’s Executive Board has drafted a corporate environmental protection policy and set up an organization to this end. This commitment takes the Group well beyond statutory requirements. For example, Pfleiderer nominated an environmental protection manager for each of its production sites, irrespective of whether this is legally required or not. The Pfleiderer Group believes that all environmental media such as air or water are equally important. It is the duty of the environmental protection manager at each of the Group’s production sites to ensure that water, soil and air are each given equal protection. This policy is backed up by a centralized environmental protection office which reports directly to the Executive Board and which coordinates, advises and supervises the work of the environmental protection managers. Meetings on the environment are held several times a year, the latest legislation discussed, and site reports presented by individual environmental protection managers. The aim of these meetings is to create synergies that are both ecologically and economically meaningful. Environmental Protection Activities Pfleiderer places considerable importance on maintaining a dialog with the general public about its environmental activities. For example, regular meetings with the public are organized at all of the Group’s sites, ensuring a better exchange of information in both directions – and thus better understanding. This can even lead to parameters relating to expansion plans being jointly drafted with the public. In Neumarkt, this type of expertise is used when applying to the local authority for capacity increases for the power generation plant. This ensures that the public is given, and can discuss, all the relevant details well before the interpretation stage.
- Page 1 and 2: january february march april being
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management report capital expenditure/environmental report pfleiderer ag 43<br />
Doors and Windows<br />
Capital expenditure during fiscal 2002 in the Doors and Windows Business Center mainly<br />
focused on replacements needed to maintain production plant, as well as for the acquisition of<br />
the Svedex brand. The volume of expenditure in this Business Center came to 5.6 million euros<br />
in fiscal 2002.<br />
environmental report<br />
Environmental Protection Policy and Organization<br />
Air and noise emissions in all of <strong>Pfleiderer</strong>’s production plants are strictly monitored for compliance<br />
with the Federal Emissions Act. This reflects the <strong>Pfleiderer</strong> Group’s strong commitment<br />
to protecting the environment. <strong>Pfleiderer</strong> also recognizes the importance of dialogue about<br />
environmental matters with the general public.<br />
<strong>Pfleiderer</strong>’s Executive Board has drafted a corporate environmental protection policy<br />
and set up an organization to this end. This commitment takes the Group well beyond statutory<br />
requirements. For example, <strong>Pfleiderer</strong> nominated an environmental protection manager for<br />
each of its production sites, irrespective of whether this is legally required or not.<br />
The <strong>Pfleiderer</strong> Group believes that all environmental media such as air or water are equally<br />
important. It is the duty of the environmental protection manager at each of the Group’s<br />
production sites to ensure that water, soil and air are each given equal protection. This policy<br />
is backed up by a centralized environmental protection office which reports directly to the<br />
Executive Board and which coordinates, advises and supervises the work of the environmental<br />
protection managers. Meetings on the environment are held several times a year, the latest<br />
legislation discussed, and site reports presented by individual environmental protection managers.<br />
The aim of these meetings is to create synergies that are both ecologically and economically<br />
meaningful.<br />
Environmental Protection Activities<br />
<strong>Pfleiderer</strong> places considerable importance on maintaining a dialog with the general public<br />
about its environmental activities. For example, regular meetings with the public are organized<br />
at all of the Group’s sites, ensuring a better exchange of information in both directions – and<br />
thus better understanding. This can even lead to parameters relating to expansion plans being<br />
jointly drafted with the public. In Neumarkt, this type of expertise is used when applying to<br />
the local authority for capacity increases for the power generation plant. This ensures that the<br />
public is given, and can discuss, all the relevant details well before the interpretation stage.