(AOF) – Metabolic Explorer (Metex, -49.74% to 0.19 euros) posted the biggest drop in the SRD market this morning when it resumed trading. The industrial fermentation specialist announced yesterday that it would request, as of March 13, the opening of a safeguard procedure with the Commercial Court concurrently with the request for the opening of judicial recovery procedures for its operational subsidiaries Metex Nøøvista and Metex Nøøvistago.
“Constrained by the situation”, the board of directors of Metex took this decision to “give itself the means to continue discussions with the public authorities aimed at restoring the conditions of access to sugar at a competitive price”. The outcome of these discussions is “decisive in the context of ongoing negotiations with potential industrial partners”, specifies Metex.
The group recalls that for several months it has been facing a hostile economic environment linked to a very sharp increase in production costs, caused by “the soaring prices of raw materials, sugar being the main one”, as well as to “permanent dumping” practiced by Chinese lysine producers, which prevent the group from passing on its own production costs to its customers.
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