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The latest announcement is out from Phoslock Environmental Technologies Limited ( (AU:PET) ).
Phoslock Environmental Technologies Limited has announced the recommencement of Phoslock production at its Changxing, China factory, following a halt in 2021 due to a business collapse in China. The decision comes after a reduction in inventory levels through continued sales and increased deliveries to key markets. The plant, refurbished over the past six months, is set to resume operations in January 2026 with an initial single shift production capacity of 3,000 tons annually, with potential for expansion to two shifts if needed. This move is expected to replenish inventory and support the company’s market presence.
The most recent analyst rating on (AU:PET) stock is a Sell with a A$0.01 price target. To see the full list of analyst forecasts on Phoslock Environmental Technologies Limited stock, see the AU:PET Stock Forecast page.
More about Phoslock Environmental Technologies Limited
Phoslock Environmental Technologies Limited (ASX: PET) specializes in water treatment products aimed at remediating polluted lakes, rivers, canals, and drinking water reservoirs. Headquartered in Sydney, the company operates a factory in Changxing, China, and employs staff in Europe and the USA. Its primary product, Phoslock®, is a lanthanum modified bentonite that binds excess phosphorus in water, preventing cyanobacteria formation. Phoslock is certified for use in drinking water across North America, Europe, Brazil, Australia, and China.
Technical Sentiment Signal: Sell
Current Market Cap: A$4.37M
Find detailed analytics on PET stock on TipRanks’ Stock Analysis page.