Following Scandinavian Enviro Systems announcement that it was terminating its agreements with Infiniteria Europe Sàrl and Cuibhil Luxco in relation to their collaboration to the joint venture Infiniteria, the joint venture company Infiniteria has issued its own response to the latest stage of the saga.
Infiniteria Publishes Response to Termination Notice
As we stated in our initial reporting on Friday relating to Scandinavian Enviro Systems’s termination announcement, we are preparing a longer item on the dispute as we try to untangle the complexities of the ongoing dispute and provider greater clarity. We will publish this in due course.
In line with our reporting on Enviro’s statement on Friday, Infiniteria’s press statement has been reproduced in its enterity below:
“Infiniteria takes note of Scandinavian Enviro Systems AB’s (“Enviro”) announcement today that it is terminating its joint venture agreements with Infiniteria.
The proposed termination is not pursuant to any contractual rights but is stated to be pursuant to the Swedish Company Reorganization Act.
Infiniteria intends to fully defend its rights under law in light of this announcement. It will take every measure to defend and protect its contractual position and to deliver on its customer commitments.
Infiniteria is a joint venture between Antin Infrastructure Partners (“Antin”), Enviro and Michelin to build a leading European tyre recycling business. Construction on Infiniteria’s wholly-owned facility in Uddevalla, Sweden, began in 2024 with Enviro as its technology and project management partner.
Infiniteria is studying all options to continue work on the plant and remains confident and fully committed to completing the facility in Uddevalla as soon as possible. Starting with the Uddevalla facility, Infiniteria plans to build a leading European tyre recycling business and advance its broader European strategy.
Infiniteria reiterates that it made repeated attempts to find a common ground with Enviro, but all its proposals were rejected. Infiniteria has, throughout, complied with its contractual obligations in respect of the Uddevalla plant, including its payment obligations.”
