17Associates
|
millions of CHF |
|
2021 |
|
2020 |
|
Balance as of January 1 |
|
21.2 |
|
10.7 |
|
Additions |
|
6.9 |
|
6.7 |
|
Reclassifications |
|
– |
|
4.4 |
|
Share of gains / (losses) of associates |
|
–2.2 |
|
–0.7 |
|
Dividend payments received |
|
–0.5 |
|
–0.0 |
|
Currency translation differences |
|
0.2 |
|
0.1 |
|
Total investments in associates as of December 31 |
|
25.5 |
|
21.2 |
On March 31, 2021, the group increased its investment in Tamturbo Plc by CHF 5.4 million. Tamturbo is a manufacturer of oil-free industrial air compressor systems, offering disruptive solutions. It enables cleaner and more energy-efficient compressed air production, complementing the group’s low-pressure compressors for wastewater aeration.
On May 4, 2021, the group increased its investment in Worn Again by CHF 1.5 million. Worn Again is developing a unique polymer recycling process leveraging the group’s technology to enable the recycling of textiles and polyester packaging.