It is intended to face the €17 million working capital requirement and also € 50 million in projected investment spending, including the new reduction furnace at Weser-Metall GmbH, dedicated to restore the Group’s Lead segment’s profitability by recovering the lead contained in its input materials more efficiently.
As part of this project, a specific guarantee aiming at covering a significant portion of the projected investment financing has been requested from the Lower Saxony region in Germany.
The Recylex Group’s aim is to satisfy all of the conditions, including the award of Weser-Metall GmbH’s amended operating permit covering the installation of the new reduction furnace, in order to obtain the funds during the fourth quarter of 2016.
