LONDON (Alliance News) - Waste management company Augean PLC said on Monday it will mothball its East Kent high temperature incinerator following a review.
Augean will now look to sell or lease the site, with work to be halted early next year.
To date, the company has invested GBP1 million per annum into the facility, which has underperformed. Despite improvements, the facility was forecast to lose GBP500,000 in 2018.
Shares in Augean were down 5.6% at 60.40 pence on Wednesday.