E_mg_GB_03_vorne-29_3_04

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36 Sales Lurgi in s million 497.3 591.7 01/02 03 GROSSANLAGENBAU INDUSTRIAL PLANT ENGINEERING Lurgi Lurgi is a global technology leader in process engineering and plant engineering. Lurgi’s strength lies in innovative technologies of the future focusing on client-oriented solutions for fast-growing markets. Its technology leadership is based on proprietary technologies and exclusive licensed technologies in product areas such as gas-to-petrochemicals, synthesis gas, methanol, synthetic fuels, petrochemicals, and renewable resources/food. In 2003, Lurgi applied for ten new patent families in Germany and as many as 19 outside Germany. With a view to future development potential, Lurgi is concentrating on technologies in the gas-to-petrochemicals chain as well as synthetic fuels, sulfur management and exclusive licensing agreements in the field of petrochemicals. The market for methanol alone will grow by roughly two to three percent per year up to 2010. Between 60 and 70 percent of global methanol production is now based – or will shortly be based – on Lurgi’s technology. This provides the mg subsidiary with a leading position in this market. Lurgi’s second main area of activity is renewable resources/food, which covers technologies used to produce conventional products such as cooking oil, detergents, starching products and high fructose, as well as technologies used in the production of fuels and fuel components such as bio-diesel and bio-ethanol made from renewable resources such as rape, grain and sugar. In the past, plastic has been manufactured almost exclusively from crude oil. With its MTP® (methanol-to-propylene) process, Lurgi has devised a way of manufacturing the plastic polypropylene from gas. This is of particular interest to customers from the oil industry, because the extraction of crude oil produces substantial quantities of natural gas, which has traditionally been burnt off or recompressed. Lurgi’s MTP® process initially turns this seemingly worthless gas into methanol. This methanol is then converted into propylene and then polypropylene, a useful value-added product. Polypropylene has many applications, for example it is used in the manufacture of kitchen appliances, car components, packaging and textile fibers. Demand for this innovative material is ballooning: consumption of polypropylene, currently around 35 million tonnes, is forecast to grow by roughly six percent per year to 52 million tonnes by the year 2010 as its market price continues to rise. In 2003, Lurgi's MTP® process reached a major milestone: it managed to polymerize propylene manufactured using the MTP® process into polypropylene. This was the first time that polypropylene had been produced from gas instead of oil using this process. In conjunction with Lurgi’s MegaMethanol® technology, which enables methanol to be produced cheaply, the MTP® process can in the future be used to process this raw material not only into polypropylene but also into further value-added petrochemical products. Consumption of bio-fuels made from renewable resources is also on the increase around the world. Under a new directive issued by the European Union (EU), the proportion of bio-fuels used in the EU member states is set to rise to at least two percent. In the U.S., the addition of bio-ethanol is regulated by statutory quotas. The growing demand for alternative fuels is also creating a greater need for new industrial plant. This provides
MANAGEMENT SHARE STRATEGY SPECIAL SECTION MANAGEMENT REPORT FINANCIAL STATEMENTS FURTHER INFORMATION Lurgi with outstanding business prospects. Lurgi is an international leader in the construction of industrial plant used to manufacture oleochemical products from renewable resources. Lurgi Lentjes Lurgi Lentjes is a globally active group engaged in process engineering and plant engineering, and is a leader in its field. Its various companies plan, supply and build turnkey industrial plant, focusing on processes and technologies that convert residual waste and other waste materials into valuable energy resources, while at the same time keeping the air clean. This plant-engineering firm combines efficient waste disposal with advanced power generation, thus making a significant contribution to protecting the environment. Lurgi Lentjes won a number of major orders in 2003, including the construction of a waste incineration plant on Guernsey, in the Channel Islands, as part of a contract worth a108 million. This plant will be used to extract energy from 72,000 tonnes of residual waste per year, which in the past has simply been dumped. Lurgi Lentjes won a contract to modernize a waste incineration plant and an adjoining thermal power station in Frankfurt am Main, Germany. This order is worth a167 million. Zimmer Zimmer specializes in the engineering of processes and industrial plant used to produce synthetic fibers and polymers, from Asia to South America. Zimmer is the world’s market leader in plant engineering for polyester (PET) production. Around 25 percent of global PET production is based on Zimmer’s technology. The manufacture of PET bottles is becoming increasingly important. PET bottles are light, handy and non-breakable, and the proportion of these bottles is growing constantly. Global PET consumption for bottles is set to grow by roughly ten percent per year until 2010. A particular growth segment is the market for PET bottles for beer, health drinks and hot or antiseptic liquids such as fruit juices. The company is already well positioned in this market. The development of new recipes and technologies enables PET made using Zimmer’s plant to be used for the above products without any impairment of quality. Zimmer is currently developing a new, ground-breaking technology in the field of PET bottle manufacture. This is based on a process in which the PET molten mass is used directly to produce preforms for bottles. This cuts out several stages in the process and the need to transport intermediates to the processing agent, thus reducing production costs by around ten percent. Once the deal had been cleared by the German antitrust authorities on November 7, 2003, Zimmer acquired Fleissner GmbH & Co. Maschinenfabrik. Fleissner, an internationally active company founded as far back as 1848, is one of the world’s leading manufacturers of components for staple-fiber plant and has a market share of approximately 35 percent. The company also builds high-performance plant for the production of nonwovens and high-tech rapid packager driers for the nonwovens, paper and tissue industries. This acquisition has provided Zimmer with expertise in the fast-growing business of nonwovens and enabled it to enhance its leading position in the field of staple-fiber plant. Specialty mechanical engineering • Industrial plant engineering • mg chemical group Sales Lurgi Lentjes in s million 485.6 01/02 03 Sales Zimmer AG in s million 262.9 361.3 223.4 01/02 03 37
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