What it does
Textiles
Directa Plus PLC (LON:DCTA) has signed deals with consumer brands Oakley and Bioracer, which used the companys Graphene Plus (G+) to launch a cycling jersey in early July.
Alfredo Grassi, another customer, is one of Italys largest workwear suppliers while G+ will also be used to treat a range of jeans made by Arvind, one of Indias top textile groups.
Directa Plus is also part of a €1mln EU-sponsored initiative to develop a digital printing method for textiles using graphene.
Transport, oil and gas
Directa is working with Marangoni – one of Italys leading re-tread companies – to produce better performing tyres for commercial buses and lorries.
Cycle tyre maker Vittoria was the first manufacturer to use Directas products, firstly in a carbon fibre wheel, and then in “intelligent” bicycle tyres.
Grafysorber
In the oil and gas sector, the firm has joined forces with Italian firm Sartec to develop a commercial-scale industrial system using its graphene-based Grafysorber product for treating oil-contaminated produced water.
In September, Directa bought a majority stake in oil services partner, Romanian firm Setcar.
It is buying Setcar jointly with GVC, a company whose owner supplies offshore oil rigs in Romania, Turkey, Greece and Mexico.
In February 2020, Setccar won a €5mln contract for Grafysorber with GSP Offshore, part of the Romanian oil services group GSP and worth €5mln over a seven-year period.
How it's doing
In a trading update in March, the company trading in the first quarter of 2020 has been robust.
Revenues are expected to clock in at around €1.52mln, slightly more than triple the level they were in the same quarter of 2019.
This significant improvement has been primarily driven by the strengthening performance of Setcar, Directa Pluss environmental division.
The order book to date is in line with management expectations for 2020 with confirmed orders of €5.85mln, while discussions over other significant contracts are taking place.
What the boss says: Giulio Cesareo, CEO
"The strategy we are pursuing to gain traction and capture more value in our key vertical markets is succeeding. We hope that this will help insulate us from the worldwide economic uncertainty caused by the coronavirus”.
Inflexion poRead More – Source
[contf]
[contfnew]
Proactiveinvestors
[contfnewc]
[contfnewc]
