In 2019, investments in property, plant and equipment and intangible assets amounted to CHF 167 million – CHF 5 million or 3.1% more than in the previous year. As a percentage of net sales, the investment ratio was 5.4% (previous year 5.3%). 40% of the total investments went towards capacity expansion. 38% was invested in the modernisation of property, plant and equipment and, hence, in further enhancement in production efficiency, 6% was used for rationalisation measures relating to property, plant and equipment, while 16% was used to acquire tools and equipment for new product developments. All larger investment projects were carried out as planned.
Expenditures for property, plant and equipment and intangible assets
(in CHF million)
|In % of net sales||5.7||5.0||5.5||5.3||5.4|
As in the previous year, the biggest single ongoing undertaking was the conversion and new-build project in Langenfeld (DE). Further significant projects concerned the sites in Ozorków (PL), Rapperswil-Jona (CH) and Slavuta (UA).