RENEW.ST Stock Analysis
RE
Uncovered
ReNewCell AB is uncovered by Eyestock quantitative analysis.
Rating
To assess the quality of a company's business, we have collected all financial data from the statements and presented them in the form of a single number - the company's rating. Rating value of 100 is the threshold for determining a viable investment.
Low score
Re:NewCell AB engages in the provision of an alternative raw material for textile production. The company is headquartered in Stockholm, Stockholm. The company went IPO on 2020-11-26. Renewcell provides an alternative raw material for textile production that replaces resource-intensive material such as cotton, or petroleum-based material such as polyester. The Company’s patented process recycles the cellulose in used cotton textiles and makes sheets of pure, natural and biodegradable dissolving pulp, which is then used as a raw material for manufacturing textile fibres such as lyocell and viscose. Renewcell’s dissolving pulp is sold to fibre producers under the trademark Circulose. Circulose pulp can be used in several industrial applications. The company serves primarily textile production in the garment industry, where demand for sustainable material is high.