Hyundai completed the acquisition of a minority stake in Flaxres.

Hyundai, a wide range of products and services, completed the acquisition of a minority stake in Flaxres, a technology company that specializes in revolutionizing the recycling of composite materials, specifically photovoltaic modules. Financial terms were not disclosed. “We are delighted that we have been able to find a major strategic investor and partner for our technological solution, with whom we will jointly develop global markets,” Michael Rudolf Heuschkel, Flaxres Co-Founder & Co-Managing Director.