STOCKHOLM – Swedish textile recycler Renewcell has published its Q3 financial report in which it confirmed lower than anticipated sales of its Circulose pulp and urged brands to step up with off-take agreements to support the company.
The company had hoped to break even by the end of this year but the new report reveals its net loss for Q3 was SEK 94.5 million ($8.6m) leaving its net debts at SEK 905 million ($82.7m).
