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Ecolomondo Corporation ( (TSE:ECM) ) has provided an update.
Ecolomondo Corporation has started the installation of a new milling line at its Hawkesbury plant, which will enhance its capacity to process recovered carbon black (rCB) to meet customer specifications. This development is a crucial step towards full commercialization, as rCB is the main revenue source for the plant. With operations and efficiency improvements already underway, the plant has been increasing shredding capacity and processing significant amounts of scrap tires and other materials. The new milling line is expected to begin commissioning in March 2025 and reach full production by the end of the year, promising enhanced production capabilities and market competitiveness.
More about Ecolomondo Corporation
Ecolomondo Corporation is a leader in the sustainable recycling industry, specializing in scrap tire recycling technology. The company focuses on producing recovered carbon black (rCB) and other by-products from recycled tires to meet market demands.
YTD Price Performance: -13.89%
Average Trading Volume: 24,630
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$33.71M
See more insights into ECM stock on TipRanks’ Stock Analysis page.
