HONEXT®

Honext has recently formed a Joint Venture with a large German recycled tissue paper manufacturer:

• The purpose of the 50:50 JV will be to construct and operate an initial 30k m3 p.a. (net capacity) commercial scale plant, utilising Honext’s existing patented technology under license and using feedstock in the form of paper waste from the german partner.

  • The initial plant will be located directly adjacent to existing paper manufacturing facility in Germany

  • €60m+ revenue, ~60% EBITDA margins in steady state

• All IP, R&D, branding and trademarks will remain within Honext TopCo, which will receive ongoing technology and management fees from the JV

• The partners intend to expand the JV across Europe leveraging the German Partner's existing extensive manufacturing footprint

Now that this JV has been formed, Honext is seeking €8-10m to fund its equity stake in the JV, as well as TopCo overheads and R&D until breakeven.