18Associates
|
millions of CHF |
|
2022 |
|
2021 |
|
Balance as of January 1 |
|
25.5 |
|
21.2 |
|
Additions |
|
20.9 |
|
6.9 |
|
Share of profit / (loss) of associates |
|
–2.7 |
|
–2.2 |
|
Dividend payments received |
|
–0.1 |
|
–0.5 |
|
Currency translation differences |
|
–1.8 |
|
0.2 |
|
Total investments in associates as of December 31 |
|
41.8 |
|
25.5 |
On September 22, 2022, the group increased its investment in the associate Worn Again by CHF 20.9 million. Worn Again is developing a unique polymer recycling process leveraging the group’s technology to enable the recycling of textiles and polyester packaging. Sulzer is accounting for its investment in Worn Again using the equity method of accounting.