genan@genan.eu

Annual Report 2021: Record-high Genan group turnover in a challenging year

Last year, Danish-owned but international environmental company Genan reached an all-time high turnover of EUR 60m. The past year has been characterised by increasing material, freight and energy prices, which – in Genan’s case – have both positive and negative impact. Overall, the Genan group emerges stronger after a year also distinguishing itself by a change of ownership – with Maj Invest Equity as new majority shareholder.

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Genan SCAN4DATA

As a strong support to our company values, Transparency, Quality and Innovation, we now present the Genan SCAN4DATA application.

We experience an increasing demand for documentation and proof of origin from our surroundings, such as customers, public authorities, environmental organisations, etc. Therefore, we have launched the Genan SCAN4DATA application, which is an innovative tool providing full transparency of the quality scores of your Genan products.

By scanning the QR codes on your received Big Bags, the app allows you to access all technical product information like Technical Data Sheets (TDS), Safety Data Sheets (SDS) and Sieve curves – and you can even find quality test results from the Genan laboratory and from external laboratories as well. All data is presented on screen and is also available for download.

To access you just need to follow this link on your 𝗽𝗵𝗼𝗻𝗲 or 𝘁𝗮𝗯𝗹𝗲𝘁: https://scan.genan.com/

Genan plant in Oranienburg up and running again

We are pleased to inform you that the fire brigade had all five flaming tyre piles in our factory yard in Oranienburg under control already on Thursday evening, 31 March 2022.

We started up our production again already on Thursday afternoon, and as of today, Friday 1 April 2022, our valued customers can again both deliver tyres and pick up goods.

Piles of tyres on fire in the factory yard at Genan in Oranienburg

On Wednesday evening, 30 March 2022, around 22.35 o’clock, one of our production workers at the factory in Oranienburg, Germany, noticed that 5 piles of tyres in different places at our outdoor facilities were on fire.

A large number of firefighters have been on site throughout the night and are still battling fires; yet, all fires are under control, and no one has suffered any injury.

Our buildings have fortunately not caught fire; but for safety reasons, the production was of course immediately shut down, when fires were discovered late Wednesday evening.

Today, Thursday 31 March 2022, the Oranienburg factory is closed for the drop-off of tyres as well as the pick-up of goods.

We monitor the situation closely, but the way it looks now, we expect operations to be close to normal again as of tomorrow, Friday 1 April 2022.

We will continually update this news statement when we receive new information. We expect the fire brigade to continue their work throughout the day, and subsequently, we will await police investigations to determine the cause of fire.

We would like to express our gratitude to the fire brigade for their efforts to put out fires – and to our colleagues in Oranienburg for having acted quickly and safely when the fire broke out, and for now assisting firefighters.

New EU taxonomy on climate change mitigation

The first Delegated Act about sustainable finance has been enacted and passed by the EU. The Act includes 6 categories – among them is climate change mitigation.

Sustainability is the core of everything in Genan. It is in the very DNA of the company and its employees. To Genan, sustainability means aiming for a greener planet by doing our best in all of our processes from the intake of end-of-life tyres to the production of clean, high-quality products.

Now, these values are put into practice in the EU taxonomy. Genan is in full alignment with the newly approved standards and thus classified as a sustainable investment in terms of climate change mitigation.

It is vital to direct investments towards sustainable projects and activities to meet the EU’s climate and energy targets for 2030 and reach the objectives of the European Green Deal. To do so, a common language and a clear definition of what is ‘sustainable’ is a must – an “EU taxonomy”.

The EU taxonomy is a classification system, establishing a list of environmentally sustainable, economic activities, and it entails several advantages; it plays an important role helping the EU scale up sustainable investment and implement the European Green Deal; it provides companies, investors and policymakers with definitions for which economic activities can be considered environmentally sustainable; and it protects investors from greenwashing.

Genan is proud to be considered a sustainable investment according to the EU taxonomy.

Read more about the EU taxonomy here.
Read the Commission Delegated Regulation here.

When does waste stop being waste?

Published January 2022 by Poul Steen Rasmussen, Group CEO
Yesterday’s paper, an empty plastic container, a torn jumper and a worn-out tyre – completely different things which have one thing in common: they are all categorised as waste. At the same time, however, they are important, recyclable resources, which our planet cannot afford missing out on in the battle towards climate change mitigation and a sustainable future. When it comes to recycling, we cannot sit back and save the aces; sooner or later, the game is over.

Currently, it is not clearly defined when waste becomes a raw material from recycling.

In other words: When will processed rubber from worn-out tyres, separated from textile and steel in an advanced industrial process, achieve end-of-waste status (EoW)?  When is it no longer waste?

Read the blog post here.

 

Fruitful collaboration is a two-way street

What is a good, solid and fruitful collaboration between two companies?

Read this case story to learn what the business relationship with Genan means to our British customer Footfall.

Fruitful collaboration is a two-way street

PKA divests 51% of shares in Genan Holding A/S to Maj Invest Equity

New majority shareholder of environmental company Genan, the largest tyre recycling company in the world, is Maj Invest Equity 5 K/S. Sole owner of Genan since 2014, PKA has made an agreement with Maj Invest Equity for the latter to take over 51% of shares. PKA continues to co-own as minority shareholder.

Read the press release here.

A level playing field is a must

Published September 2021 by Poul Steen Rasmussen, CEO
It cannot come as a surprise to anyone that we must continuously get better at reusing the resources we already have – now as well as in the future. Over time, it has become common knowledge that the consumption of the 21st-century population is putting an immense pressure on our planet, our climate and our environment – and in the long run, this cannot last. We must make the most eco-friendly choices, we must recycle more, we must secure the future for the generations to come.

But if there are no precise rules to play by, navigating in the green universe can prove difficult for many companies; and the fear of losing large investments on this account can be terrifying for even the biggest players the in the market.

Read the blog post here.

VISIT GENAN AT THE FSB 2021

Genan will be exhibiting at stand no. C13/B12 in Hall 10.1 during the FSB in Cologne from 26 to 29 October 2021.

Please stop by our stand and see our products.

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