Pyrolyx AG: Capital Increase Fully Realised

Pyrolyx AG has announced that the cash capital increase decided in November 2016 has been fully realised. A large portion of the cash capital increase was subscribed to a value of EUR 13.00 per new share, well above the originally planned issue value of EUR 11.00.
The net proceeds are primarily to be used for international business expansion. In December 2016, Pyrolyx AG announced its entry into the US market through a joint venture with Reklaim Inc. As a result, the company is the only supplier of recovered carbon black (rCB) from ELT that is present in both Europe and America.

About the author

Ewan has been editor of Retreading Business since 2006 and of Tyre & Rubber Recycling since the magazine was founded. During this period he has become an expert on the global tyre recycling sector. He has many years' experience as an automotive journalist including a period at Tyres & Accessories.

 

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