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Pyrum Innovations AG ( (DE:PYR) ) has issued an announcement.
Pyrum Innovations AG has announced a capital increase with subscription rights of up to EUR 21 million to fund sustainable growth and innovation. This initiative will support the company’s expansion plans, including the development of a new plant in Perl-Besch, modernization of existing facilities, and advancement of projects in Greece and other European locations. The capital increase is expected to provide the financial leeway needed to achieve profitability and enhance the company’s value. Additionally, Pyrum’s recent success in recycling carbon fiber reinforced plastics highlights its commitment to research and development in sustainable technologies.
The most recent analyst rating on (DE:PYR) stock is a Buy with a NOK58.00 price target. To see the full list of analyst forecasts on Pyrum Innovations AG stock, see the DE:PYR Stock Forecast page.
More about Pyrum Innovations AG
Pyrum Innovations AG is a company that has revolutionized the recycling market for end-of-life tyres since 2008. It has developed an innovative thermolysis technology that allows for the recycling of tyres and plastics with minimal emissions. The company produces high-quality products such as thermolysis oil and recovered Carbon Black (rCB), which are utilized by partners like BASF, Continental, and Schwalbe. Pyrum’s operations are aligned with climate targets, and it has received certifications like REACH and ISCC Plus for its sustainable practices.
Average Trading Volume: 502
Current Market Cap: NOK1.27B
Learn more about PYR stock on TipRanks’ Stock Analysis page.