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Refinverse Group hits daily limit up on report of 1 trillion yen public-private investment in plastic recycling
REFINVERSE GROUP INC. <7375> shares surged to their daily limit up on 21st. The Nikkei electronic edition reported on 20th that the Japanese government plans to invest 1 trillion yen in public-private funding by 2030 for facility and technology development to strengthen the recycling of critical minerals and plastics. Following this report, investor interest has broadened across plastic recycling-related stocks, with strong buying directed toward REFINVERSE Group, a recycled materials manufacturer.
Among other stocks positioned as related names, AMITA HOLDINGS CO., LTD. <2195>, a major waste recycling company, attracted heavy buy orders and remained at a limit-up buy indication. FUKUVI CHEMICAL INDUSTRY CO., LTD. <7871>, a synthetic resin manufacturer, PLACO CO., LTD. <6347>, which specializes in plastic processing machinery, and SANIX INC. <4651>, whose subsidiary engages in waste plastic recycling, also registered sharp upward moves.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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