Inactive Instrument

Re-Match Holding A/S

Equities

RMATCH

DK0061553674

Environmental Services & Equipment

Re-Match France signs building contract

March 14, 2022 at 03:46 am EDT

Erstein, France, 14 March 2022 - Re-Match, a pioneer within sustainable recycling of artificial turf, has signed the building contact which will lead to the construction of its third factory through its joint venture, Re-Match France.

The town of Erstein in Alsace will be home to the next state-of-the-art recycling plant that the leading turf recycler will build to deliver on its expansionary strategy and to cater for a rising demand for sustainable handling of end-of-life turf pitches throughout Europe.

This next step was confirmed when the building contract between Re-Match France and the contractor LCR Group was signed. It marks the starting point of the construction of a factory of nearly 8,000 m² on a 42.000 m² plot.

"In LCR, we have found a partner who understands our needs and who has presented an approach for the construction of the factory which meets all of our requirements," said Eric Levresse, CEO of Re-Match France.

The new recycling plant will be able to recycle the equivalent of more than 250 soccer pitches per year, thus avoiding alternative disposal methods such as incineration and will annually save more than 100,000 tons of CO² in comparison. The recycling process which is registered and certified by Re-Match, uses no water or chemicals, and generates no pollution.

"We are very happy to be able to accompany Re-Match France in this very beautiful and meaningful project" says Cédric Pérennes, LCR's development director.

The new factory will be constructed according to the same template that was developed for the Dutch factory in Tiel - and which will allow Re-Match to expand according to plan since factories can now be built simultaneously in multiple locations.

“We are very pleased with how quickly the project of establishing the French factory is progressing,” says Nikolaj Magne Larsen, CEO of Re-Match, “It shows a strong commitment from our French partners, and together we look forward to being able to cater to the French market as well as Germany, Switzerland, Austria, Luxembourg and Northern Italy”

Construction is scheduled to start in a few months, with expected delivery of the fully operational plant in mid-2023.

Latest news about Re-Match Holding A/S

Verdane completed the acquisition of additional 87.154226% majority stake in Re-Match Holding A/S from Nordic Alpha Partners Fund I K/S and others.	23-05-10	CI
Denmark's Re-Match Resumes Full Operations at Denmark Facility	23-04-18	MT
Re-Match Holding A/S Announces Herning Factory Resumes Full Production	23-04-18	CI
Re-Match Holding A/S Reports Earnings Results for the Full Year Ended December 31, 2022	23-03-24	CI
Re-Match Shares Jump 10% on Tender Offer, Delisting Plan	23-03-01	MT
Verdane agreed to acquire remaining stake 87.154226% in Re-Match Holding A/S from Nordic Alpha Partners Fund I K/S and others for DKK7 per share.	23-02-28	CI
Re-Match Holding A/S Announces Resignation of Ulrik Lundsfryd as Board Member	22-12-30	CI
Certain Ordinary Shares of Re-Match Holding A/S are subject to a Lock-Up Agreement Ending on 24-DEC-2022.	22-12-23	CI
Re-Match Signs Commercial Agreement with FOG & VENØ	22-12-20	CI
Re-Match Holding A/S Signs EUR 4.5 Million Loan Agreement for Construction of Dutch Factory	22-10-31	CI
Re-Match Holding A/S Adapts Activities to High Energy Prices	22-10-26	CI
Re-Match Holding A/S Reports Earnings Results for the Half Year Ended June 30, 2022	22-08-31	CI
Re-Match Holding A/S Provides Earnings Guidance for the Year 2022	22-08-31	CI
Re-Match's Newly Hired CFO Resigns	22-08-30	MT
Re-Match Holding A/S Announces Executive Changes	22-08-29	CI
Danish Turf Recycler Re-Match Names New CFO	22-08-12	MT
Re-Match Holding A/S Announces CFO Changes	22-08-12	CI
Certain Ordinary Shares of Re-Match Holding A/S are subject to a Lock-Up Agreement Ending on 24-JUN-2022.	22-06-23	CI
Re-Match Holding A/S Investing EUR 8.5 million in Its New Recycling Facility in Tiel, the Netherlands	22-04-26	CI
Re-Match Holding A/S Reports Earnings Results for the Full Year Ended December 31, 2021	22-04-04	CI
Re-Match Holding A/S has completed an IPO in the amount of DKK 175 million.	21-12-17	CI
Re-Match Holding A/S has filed an IPO in the amount of DKK 175 million.	21-12-03	CI
Re-Match Holding A/S has withdrawn its IPO in the amount of DKK 253.61348 million.	21-09-29	CI
Re-Match Holding A/S has filed an IPO in the amount of DKK 253.61348 million.	21-09-16	CI

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Company Profile

RE-MATCH HOLDING A / S is a Denmark-based artificial turf recycler. The Company uses its recycling process to return worn-out turf to its original components; plastic fiber, rubber, sand and backing - ready for use in new production cycles. RE-MATCH HOLDING's advanced technology is able to separate all the components in worn-out turf which leads to new, clean products. The Company's patented Re-Match process is based on mechanical separation of the synthetic turf. It cleans the components to a level of purity where the sand, rubber, backing and fiber can be effectively used in new production cycles. The products can be used in e.g., industrial flooring, acoustic barriers or as a supplement in the production of asphalt. RE-MATCH has several subsidiaries, including Re-Match Netherlands BV.

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Environmental Services & Equipment

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Sector Waste Management, Disposal & Recycling Services

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