The Business Magazine - B2B Business News - Site Logo
The Business Magazine January 2024
Read now
PICK YOUR EDITION

Versarien on track with turnaround plans, firm tells investors

31 October 2023
Share
The Business Magazine article image for: Versarien on track with turnaround plans, firm tells investors
Versarien has told investors its turnaround plans are on track

Forest of Dean-based advanced materials engineering firm Versarien has told investors its turnaround plans are on track.

The firm told investors at a general meeting yesterday (Monday) that a number of parties are interested in the intellectual property and plant acquired from Hanwha Aerospace, which is being marketed for sale, while the sale process for AAC Cyroma Limited, a manufacturer of moulded products is in the advanced stages.

Read more: Graphene firm Versarien cuts costs as it continues with turnaround plan

The firm's leisure division continues to have discussions with potential new customers for the Company's Graphene-Wear coatings, while in construction, in addition to a number of ongoing Cementene trials, the company is engaged in the production of additional 3D printed concrete structures and Versarien's participation in the Digital Roads of the Future and Roads Research Alliance programmes is generating further potential opportunities, including the potential use of graphene in asphalt resurfacing.

Visit Hampshire Biz News for bright, upbeat and positive business news from the county

The firm launched a turnaround strategy after posting losses of £3.4 million in its half-year results.


Peter Davison is deputy editor of The Business Magazine. He has spent his life in journalism – doing work experience in newsrooms in and around Bristol while still at school, and landing his first job on a local newspaper aged 19. By 28 he was the youngest newspaper editor in the country.

An early advocate of online news, he spent the first years of the 2000s telling his bosses that the internet posed both the biggest opportunity and greatest threat to the newspaper industry and the art of journalism. He was right on both counts.

Since 2006 he has enjoyed a career as a freelance journalist. He lives in rural Wiltshire with one wife, two children, and three cats.

Related topics

Related articles

Upcoming events

view more
20
Mar

Leadership Roundtable: Developing strategies for financial returns over the next decade

Herrington Carmichael, Farnborough Aerospace Centre, GU14 6XR

More info
21
Mar

Solent Deals Awards 2024

Hilton Southampton
Utilita Bowl
More info
06
Jun

South Coast Property Awards 2024

Hilton Southampton
Utilita Bowl
More info
18
Jul

Thames Valley Tech & Innovation Awards 2024

Reading FC Conference & Events
Select Car Leasing Stadium, Reading
More info
12
Sep

Thames Valley Property Awards 2024

Ascot Pavilion
Ascot Racecourse
More info
03
Oct

South Coast Tech & Innovation Awards 2024

Hilton Southampton
Utilita Bowl
More info

Related articles