Pyrum Innovations AG (PYRUM.OL) on Thursday announced that it has signed a shareholder agreement with SUAS Ecology to form SUAS reTIRE s.r.o. in Czech Republic, acquiring a 49 percent stake for about 8.6 million euros.
The venture will build a tyre-recycling plant in Vresová with capacity to process over 22,000 tons annually. A ten-year pyrolysis-oil offtake agreement has been secured, and financing arrangements and plant purchase contracts are now being finalised.
Orders for long-lead components are expected by spring 2026, with commissioning targeted for 2027. Both companies say the project advances large-scale circular-economy development in Europe.
PYRUM.OL closed trading at NOK 328.00, down NOK 4.00 or 1.20 percent on the Oslo Stock Exchange.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.