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An update from Cinis Fertilizer AB ( (SE:CINIS) ) is now available.
Cinis Fertilizer AB has decided to remove its operational goal of reaching a production rate of 100,000 tons of potassium sulfate by the end of the year due to the need for more time and capital for planned improvements. The company has initiated a strategic review to explore securing operations at its Örnsköldsvik facility, evaluating financing for new projects, and potential collaborations or divestments. Despite lower-than-expected revenues and production challenges, Cinis Fertilizer is engaging with industrial partners to secure supply chains and aims to provide an update on its strategic review by the end of 2025.
More about Cinis Fertilizer AB
Cinis Fertilizer is a Swedish greentech company specializing in the production of environmentally friendly mineral fertilizer, potassium sulfate (SOP), by recycling residual streams from battery and pulp industries. The company employs patented technology that reduces energy consumption and carbon footprint, contributing to sustainable agriculture. Cinis Fertilizer is listed on the First North Growth Market.
Average Trading Volume: 502,320
Technical Sentiment Signal: Sell
Current Market Cap: SEK132M
Learn more about CINIS stock on TipRanks’ Stock Analysis page.