Annual Report 2018

ARMACELL – OPENING NEW HORIZONS

DRIVING INNOVATION

We want to be a global leader in innovative technical insulation solutions and components to save energy and make a difference around the world. Armacell delivers new technologies with superior and reliable premium products as the outcome. This makes us a benefit leader for best-in-class equipment insulation solutions.

Innovation is our accelerator.

ARMACELL – OPENING NEW HORIZONS

WORKING TOWARDS A CIRCULAR ECONOMY

Armacell offers a wide range of environmentally friendly solutions based on 100% recycled polyethylene terephthalate (PET). Until today, more than 1 billion PET bottles have been re-used to produce ArmaForm® products. Our green foams made from post-consumer PET are installed, for example, in the rotor blades of wind turbines. Instead of a service life of just weeks, our PET foam cores endure several decades. Visit our PET Foams website.

From throw-away to lasting value.

ARMACELL – OPENING NEW HORIZONS

ADVANCING SCIENCE AND TECHNOLOGY

Armacell is participating in pioneering projects from the field of science and technology to push back the frontiers of knowledge through leading-edge research.

Like collecting stardust, turning wood into foam, and enabling the first-ever solar powered expedition to the South Pole.

Heading for the future.

ARMACELL – OPENING NEW HORIZONS

LETTER FROM THE CEO

DEAR FRIENDS OF THE COMPANY,

OPENING NEW HORIZONS is the theme of our annual report and a good reflection of our achievements in 2018. As a global, multi-material and multi-solution company in a constantly evolving world, we have extended our global leadership in the equipment insulation market and as a leading provider of engineered foams. Read the whole letter from the CEO.

ARMACELL – OPENING NEW HORIZONS

OUR STRATEGY

We continuously invest in the expansion of our production capacities and focus on creating sustainable value for our highly diversified global customer base. We have a long track record of growth, superior profitability and cash generation. Orchestrated by a proven management team who have positioned Armacell as the trusted partner in the energy conservation market. Learn more about Armacell's strategy.

ARMACELL – OPENING NEW HORIZONS

OUR PEOPLE

Dedicated, highly qualified and professionally minded employees are our most valuable resource. We motivate them, develop their talents and further their skills through training opportunities. As a global company, we strive to create and maintain a positive, healthy and safe working environment. Our employees, for their part, are encouraged to cultivate a performance-oriented climate of mutual respect, trust and reliability.

Graphic Health & Safety Graphic Environment

ARMACELL – OPENING NEW HORIZONS

HEALTH, SAFETY AND OUR ENVIRONMENT

The health and safety of our employees comes first. We promote a zero accident mindset. In line with our corporate value of Commitment, we do all we can to ensure our people go home to their family and friends as fit and well as they arrive at work.

Another key aspect of our corporate philosophy and business strategy is our commitment to environmental protection, which ties in with our corporate value Sustainability.

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ARMACELL – OPENING NEW HORIZONS

SOCIAL ACTIVITIES

At Armacell, we are much aware of our social responsibility to the local communities of more than a hundred countries we do business in. Through a wide variety of corporate volunteering projects, our employees are making a difference around the world.