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Recycling Magazine - Tomra 50th Birthday

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Recycling Magazine - Tomra 50th Birthday

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Tomra celebrates 50th anniversary - RECYCLING magazine

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Tomra, a global provider of collection and sorting systems, celebrates its 50th anniversary.

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Packaging Europe: Why does TOMRA claim Norway’s deposit return scheme is one of the best in the world?

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Packaging Europe: Why does TOMRA claim Norway’s deposit return scheme is one of the best in the world?

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Why does TOMRA claim Norway’s deposit return scheme is one of the best in the world?

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Norwegian recycling company TOMRA has given an insight into Norway’s unique deposit return scheme (DRS), which it says is an efficient, transparent and responsive system that could provide a role model for other countries around the world.

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TOMRA Talks on the future of recycling - April 2020

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TOMRA Talks on the future of recycling - April 2020

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During EuroShop 2020 in February, the world's largest retail trade fair, TOMRA played host to TOMRA Talks: a series of lightning talks on the future of recycling. TOMRA experts and its external community of thought leaders and partners revealed industry insights and discussed innovations and learnings that make recycling a win for consumers, business and the environment.

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During EuroShop 2020 in February, the world's largest retail trade fair, TOMRA played host to TOMRA Talks: a series of lightning talks on the future of recycling. TOMRA experts and its external community of thought leaders and partners revealed industry insights and discussed innovations and learnings that make recycling a win for consumers, bus...

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50 years of TOMRA's reverse vending innovation “Better today than yesterday, but not as good as tomorrow.”

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50 years of TOMRA's reverse vending innovation “Better today than yesterday, but not as good as tomorrow.”

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50 years of TOMRA's reverse vending innovation

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As TOMRA marks 50 years in business, we take a look back at how TOMRA spawned an industry and the company's legacy of innovation in the reverse vending space.

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TOMRA ANNOUNCES STRATEGY TO DOUBLE REVENUES IN FIVE YEARSJun 24, 2022

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TOMRA ANNOUNCES STRATEGY TO DOUBLE REVENUES IN FIVE YEARSJun 24, 2022

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TOMRA revealed plans to accelerate the path to a sustainable future and double its revenues in five years at its capital markets day on 23 June in Mülheim-Kärlich, Germany.

The company's strategy is built on accelerating growth in its three core divisions, and using the current business platform to develop adjacent business opportunities.

With a turnover of NOK 10.9bn (€1.05bn) and employing 4,600 people, TOMRA is a world leader in reverse vending machines (RVMs) and sensor-based sorting solutions for the food and recycling industries. The Asker, Norway, headquartered company is celebrating its 50th anniversary this year.

TOMRA is uniquely positioned along global megatrends, with leading market positions, best- in-class technologies, and purpose driven employees.

The strategy builds on organic growth in core business, with a focus on positioning for new deposit markets, leveraging technology to increase recycling, expanding and optimising the food sorting business across categories and geographies, as well as continued investment in innovation and securing supply chain resilience.

To develop attractive adjacent business opportunities, TOMRA will focus on opportunities that are ripe for scaling, where the company has a competitive advantage to succeed, and where it sees strong return potential.

Among adjacent opportunities, TOMRA gave examples such as textile recycling, collection systems for reusable packaging, digital business models, and closing the gap in plastics recycling.

With this strategy, TOMRA launched a new set of financial ambitions for the coming five-year period. This includes 15 per cent annual revenue growth, EBITA margin at 18 per cent, 40-60 per cent dividend payout and maintaining an investment grade status. The company has also been rated A- / Stable.

TOMRA president and CEO, Tove Andersen, said: "Over the course of 50 years, we have established a unique position which creates the foundation for our ambitious target to double our business in the next five years by accelerating growth in core and developing adjacent businesses."

In addition, the company said it 'will focus on implementing its sustainability strategy to lead the resource revolution, while becoming a fully circular business and being safe, fair and inclusive'.

The sustainability strategy comprises five focus areas which are resource productivity, sustainable product design, supply chain sustainability, climate impact and TOMRA's employee value proposition.

TOMRA launched its holistic sustainability targets towards 2030 covering these prioritised focus areas. Among these targets is the commitment to net zero emissions and setting science-based targets.

Commenting on the sustainability strategy, Tove Andersen, said: "Transformation is at the heart of everything we do, so we have taken that principle and used it to create our sustainability strategy and focus areas.

"Each focus area will have a transformational impact and deliver significant, measurable benefits for our people, customers and the environment.

"For a more sustainable future, we at TOMRA feel we have an obligation to grow. We have now stepped up our ambitions and we aim to double our business in the next five years."

Editorial contact:
Editor: Kiran Grewal kgrewal@kennedys.co.uk

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TOMRA announces strategy to double revenues in five years

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TOMRA revealed plans to accelerate the path to a sustainable future and double its revenues in five years at its capital markets day on 23 June in Mülheim-Kärlich, Germany. The company's strategy is built on accelerating growth in its three core divisions, and using the current business platform to develop adjacent business opportunities.

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European Circular Economy Stakeholder Platform

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European Circular Economy Stakeholder Platform

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TOMRA: leading the circular revolution in plastics | European Circular Economy Stakeholder Platform

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Through collaboration and partnership, TOMRA turns complex challenges into valuable solutions - helping to transform companies into more profitable, sustainable businesses.

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Transforming how we obtain, use and reuse our planet's resources - TOMRA

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TOMRA's mission is to transform how we all obtain, use and reuse the planet's resources to enable a world without waste.

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Tomra and UN Sustainable Development Goals (Sep 2020)

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Tomra and UN Sustainable Development Goals (Sep 2020)

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Sustainable development has been defined as 'meeting the needs of the present without compromising the ability of future generations to meet their own needs' and some of the headline statistics related to the 17 SDGs show that clearly we still have a long way to go. A third of the world's food is wasted, yet 821 million people are undernourished; water scarcity affects more than 40 percent of the world's population; global emissions of carbon dioxide (CO2) levels and other greenhouse gases in the atmosphere rose to new records in 2019. The list goes on.

The UN Sustainable Development Goals are all interconnected to set a framework for positive change. In doing so, they are designed to support governments and corporations to collaborate in delivering on a common agenda.

From building sustainable communities and promoting better use of resources, to eliminating hunger and inequalities, each SDG enables social and environmental sustainability whilst ensuring the health of our planet and communities is protected.

Crucially, each goal has also been assigned a set of sub-targets, comprising a list of 169 targets in total, and with a number of indicators for each target, a more effective tracking of progress for sustainable development across all touchpoints of society is enabled.

The role of the private sector

If we are to achieve the 2030 Agenda, it is vital that the private sector plays its part. Actively engaging with communities, governments and other stakeholders to foster sustainable development is key. Back in 2017, Lise Kingo, executive director of the UN Global Compact, said: "The private sector has the power of innovation and ability to create many of the solutions needed to address the challenges the world is facing today."

TOMRA is determined that we must be one of these private sector organizations to take on our responsibility as a key player and demonstrate our commitment to deliver on the UN Sustainable Development Goals. As a leader of the resource revolution, sustainability is at the very core of our business, and with our solutions for optimal resource productivity, we can support the transformation to a circular, low-carbon, and more sustainable economy.

Increasing demand for sustainable products and solutions

All of this comes at a time when global demand for sustainable products and solutions is on the rise. Sustainability continues to be a big trend in FMCG, fashion and other consumer markets, with 47 percent of online consumers saying they have turned their back on brands that violated their personal values. Protecting the environment topped that list of values.

This shift in consumer attitudes, coupled with regulatory push for environmental protection and increased awareness around topics like plastic pollution, has increased the opportunity for TOMRA to have a positive impact across a number of the SDGs.

Take SDG 12, for example, responsible consumption and production, where we believe our products and services can deliver the most significant impact.

UN SDG 12 notes the severe imbalance between our growing levels of consumption and resource use and what our planet can sustain. It is aimed at 'doing more and better with less', whilst also 'decoupling economic growth from environmental degradation, increasing resource efficiency and promoting sustainable lifestyles.

By the very nature of TOMRA's business model and solutions, we deliver positive impacts on several of the SDG 12 targets, such as sustainably managing natural resources, reducing food waste and loss, preventing and reducing waste through recycling, and forming partnerships to educate others. In every sector where we operate TOMRA wants to transform how the world obtains, uses and reuses its resources.

These are the other SDG's TOMRA supports and contributes to as we transform how society obtain, use and reuse the planet's resources:

SDG 2: Zero Hunger, as demonstrated by our food sorting solutions which increase agricultural yield and reduce food loss along production and supply chains.

SDG 9: Industry, Innovation and Infrastructure, where we deliver technological innovations for resource productivity and solutions that form part of sustainable infrastructure.

SDG 11: Sustainable Cities and Communities, which is supported by TOMRA's sorting solutions and reverse vending technology for sustainable waste management.

SDG 13: Climate Action. This is a key deliverable to which we enable positive impact from TOMRA's products and services in use, such as collection and sorting solutions for recycling which in turn reduce carbon emissions from both material production and waste management.

SDG 14: Life Below Water, which focuses on marine preservation. We are actively involved in reducing plastic pollution on a global scale through collection systems and closed-loop recycling.

A more sustainable future

The UN SDGs set the framework. Now, the onus is on corporations and governments to collaborate in order to - as the definition of sustainable development states- meet the needs of the present without compromising the ability of future generations to meet their own need.

By embedding sustainability into our strategy and core business activities, TOMRA is doing our bit, creating long-term value and supporting environmental goals. We're looking forward to joining others on the journey.

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A blueprint for a better future: Achieving the UN Sustainable Development Goals Summary

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The global environmental challenges faced in today's society are well documented. Whether it's climate change, overconsumption and inefficient production models, or tackling the impact of litter on nature and our oceans, it is clear that steps must be taken to safeguard the future of our planet.

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The trading company Ayyo Vertriebs GmbH distribute dairy products, soft drinks and packaging material, selling beverages and taking back containers from their customers and other businesses for reuse and recycling. The company processes 150 000-200 000 beverage containers per week and about 6-7 million containers per year. Today, Ayyo sorts three different materials: aluminum, steel and PET.

Ayyo and TOMRA have worked together for five years. The company started with a small system and switched to a bigger version in early 2018: the new generation Expert Line system, previously known as Bulk sorting system, TOMRA E1 Rücknahmezentrum.

Save time and process more empties

Onur Sahin, the Sales Manager at Ayyo, and operator Cihan Altun, responsible for storage and recycling, share that the new machine is faster than the old one and therefore they save time and are able to process more empties. In addition, they find that the Expert Line system has many advantages besides speed. Cleaning, for example, is easier as they can clean parts that they could not reach in the old system and as a result it is simple to keep the machine tip top. "Getting started with the machine takes three seconds - pour in the bag, press start, and the whole thing works," says Onur Sahin.

Environmental protection is very important to Onur Sahin, so he tries to do something himself and influence his friends. "What we, Ayyo and TOMRA, can do for the environment is collect, compact and return beverage containers to a recycler, so they don't end up in the garbage or somewhere they shouldn't," the Sales Manager explains.

A main pillar of the company

Onur Sahin looked thoroughly into other systems, but didn't find anything that offers such a high standard in terms of software, technology and service. He highlights important aspects of a reverse vending system such as speed, low maintenance costs and a reliable system with good uptime. The Expert Line system has become a main pillar of the Ayyo company and with it they feel confident in being very well positioned for the future.

"Why I've chosen TOMRA is easy to answer. No other company in Germany has such a large and strong service network. This ensures that we always have a technician nearby," explains Onur Sahin. On whether he can recommend TOMRA to others, he replies, "I can only answer that with a very big YES."

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Ayyo positions for the future with an easy and fast recycling solution

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The trading company Ayyo Vertriebs GmbH distribute dairy products, soft drinks and packaging material, selling beverages and taking back containers from their customers and other businesses for reuse and recycling. The company processes 150 000-200 000 beverage containers per week and about 6-7 million containers per year.

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Tomra turns 50, unveils new mission statement for a future without waste - 31 march 2022

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Tomra turns 50, unveils new mission statement for a future without waste - 31 march 2022

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In honour of its 50th anniversary, Norway-based Tomra, a provider of advanced collection and sorting systems, today announced its newly formulated mission statement addressing the future of resource optimisation. The company will undertake in the coming years to 'transform how we all obtain, use and reuse the planet's resources to enable a world without waste'.

The past fifty years, said Tomra President & CEO, Tove Andersen, have 'prepared us to rise to the most pressing challenge of our time: reinventing the way the world manages waste'.

"We strive to lead the resource revolution, and our team of resource revolutionaries around the world are up to the challenge."

Tomra is a global player in the market for collection and sorting systems, with currently more than 100,000 installations around the globe and a workforce of over 4600.

To fight plastic waste, TOMRA has the ambition to enable 40% of plastic packaging produced globally to be collected for recycling by 2030. Currently, only 14% of all the world's plastic packaging is captured for recycling, with just 2% being recycled in a "closed loop" (recycled for the same purpose, without being downgraded to lower quality plastic).

The company has also set the goal to collect 500 billion containers annually for Clean Loop Recycling, the company's version of closed-loop bottle-to-bottle recycling. This reduces reliance the industry's reliance on virgin raw materials in the production of new containers and ensures fewer containers end upas litter or in landfills.

Tomra Collection, which develops reverse vending machines to enable beverage container recycling, currently captures over 40 billion drink containers each year. Its reverse vending machines enable 4.5 million tons in avoided carbon emissions each year.

However, the true impact of this recycling comes from the efforts of retailers, recycling centers and consumers around the world, said Harald Henriksen, EVP and head of Tomra Collection.

"We thank them all for making this milestone anniversary possible, and we look forward to working together on these ambitious goals."

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Tomra turns 50, unveils new mission statement for a future without waste

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In honour of its 50th anniversary, Norway-based Tomra, a provider of advanced collection and sorting systems, today announced its newly formulated mission statement addressing the future of resource optimisation. The company will undertake in the coming years to 'transform how we all obtain, use and reuse the planet's resources to enable a world without waste'.

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Tomra Systems ASA - ADR (TMRAY) Stock Price & News - Google Finance

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Get the latest Tomra Systems ASA - ADR (TMRAY) real-time quote, historical performance, charts, and other financial information to help you make more informed trading and investment decisions.