Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Eqtec PLC said on Monday it launched a subsidiary company in France and completed a collaboration agreement for the handling of contaminated plastic waste.
Shares in Eqtec were up 23% at 0.98 pence on Monday morning in London.
The Cork, Ireland-based waste-to-value technology company said it formally entered the French market through the establishment of a wholly-owned subsidiary, Eqtec France SAS.
Eqtec said the new subsidiary represents ‘another step in the company's formalisation of go-to-market entities to support deployment of its technologies and manage local pipelines, partnerships and projects in a number of geographies.’
In addition, Eqtec signed a strategic collaboration agreement with Revel, France-based industrial waste recycling specialist SEPS SAS. The agreement is to develop contaminated waste treatment plants.
Copyright 2022 Alliance News Limited. All Rights Reserved.