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ePaper created 2015-05-13, 09:36:17 | version 1.38.0
40 5.1. Investments in the future 5. Profitability Companies must accept social responsibility, both in terms of the environment and social commitments; however, this is impossible without commercial success. Our focus is not on short-term profit maximisation, but ensuring the stability of the company in the long-term. This is based, on the one hand, on earnings in the shape of profits and, on the other, on healthy growth and development to sustain ably secure profits: this actually then completes the circle, because it is these profits which are required for further investment and future growth. A model with a future 5.1. Investments in the future Before you can earn anything in the future, you have to invest in the present: in product development, production systems, marketing, logistics and much more. MEGGLE finances these investments from its profits from ongoing business and also with a solid borrowing policy, and because investments tie up company capital for a long time, each and every investment is subjected to a thorough sustainability check that analyses the impact on profitability, the environment and society in general. Investment today, profit tomorrow One investment in the future is the on-site power plant at our head- quarters in Wasserburg. As our production volume has constantly grown over the years, the CHP plant at the site had reached capacity. Increasingly, steam needed to be generated with the old reserve boilers without the cogeneration system and this proved to be much less efficient. The ingenious and also efficient engineering solution that was found, was to improve the performance of the waste-heat recovery boiler by installing an additional fan; this raised the combustion capacity from 55 to 65 t/h. The overall efficiency of the system was so significantly improved that the annual gas consumption was reduced by around 4,000 MWh and the CO2 emissions were cut by around 700 t whilst, at the same time, increasing the power created with the cogeneration system by about 400 MWh per annum; this equates to approximately 100 households. Improving the performance of the Wasserburg power plant 405.1. Investments in the future