Notes to the consolidated financial statements

Notes to the consolidated financial statements

Introductory information

Company information

The CPH Group is active in three industrial sectors. The Group develops, manufactures and distributes chemical products, newsprint and magazine paper and blister pack films for pharmaceutical customers. Headquartered in Switzerland, the Group maintains production facilities at 11 locations in six countries in Europe, Asia and North and South America. With its innovative products, the CPH Group offers its customers clear added value.

The shares of the Group’s holding company CPH Chemie + Papier Holding AG are listed on the SIX Swiss Exchange.

Scope of consolidation

The scope of consolidation extends to the following majority-controlled companies, which are all fully consolidated:

Currency

Capital in thousands

Shareholding

CPH Chemie + Papier Holding AG, Root, Switzerland

CHF

1 200

100%

CPH Immobilien AG, Root, Switzerland1

CHF

500

100%

Chemistry

Zeochem AG, Rüti ZH, Switzerland1

CHF

1 000

100%

Zeochem L.L.C., Louisville, USA

USD

36 547

100%

Zeochem d.o.o., Zvornik, Bosnia-Herzegovina

BAM

2

100%

Jiangsu Zeochem Technology Co. Ltd., Lianyungang, China1

CNY

90 000

92%

Zeochem Pte. Ltd., Singapore, Singapore

SGD

1

100%

Paper

Perlen Papier AG, Root, Switzerland1

CHF

81 000

100%

Perlen Papier Immobilien AG, Root, Switzerland

CHF

1 000

100%

APS Altpapier Service Switzerland AG, Root, Switzerland

CHF

100

100%

Perlen Deutschland GmbH, Munich, Germany

EUR

100

100%

Packaging

Perlen Packaging AG, Root, Switzerland1

CHF

24 000

100%

Perlen Packaging L.L.C., Whippany, USA

USD

1 000

100%

Perlen Packaging GmbH, Müllheim, Germany

EUR

1 300

100%

Perlen Packaging (Suzhou) Co., Ltd., Suzhou, China

USD

13 000

100%

Perlen Packaging Anápolis Indústria e Comércio Ltda., Anápolis, Brazil

BRL

2 464

100%

1 Directly held by CPH Chemie + Papier Holding AG

The scope of consolidation remained unchanged in 2022. In the previous year, CPH Immobilien AG, Root/Switzerland was founded on 29 April 2021 and CPH Chemie + Papier Holding AG absorbed Uetikon Industrieholding AG by merger on 11 June 2021. As a result of the latter, Uetikon Industrieholding AG’s subsidiary UBV Immobilien Treuhand Perlen AG was merged with CPH Immobilien AG on 22 November 2021.