Alongside innovations, investments and acquisitions play a key role in achieving our growth targets.
The CHT Group invested a total of EUR 24 million in property, plant and equipment and intangible assets in the reporting year. This mainly involved various expansion and replacement investments to increase production capacity, particularly at the manufacturing site in the USA.
Investment in innovation
To meet the growing demands of the market in the long term, innovations from the chemical sector are essential.
In 2022, we have stimulated the development of new products in several business areas, such as process aids, additives and function generators, which are intended to contribute to sustainable development at our customers. In doing so, we intend above all to avoid the use of ecologically questionable chemicals, in line with our corporate vision and our sustainability goals. Innovation costs amounted to EUR 16 million in the fiscal year.