18th May 2005 09:00
Augean Plc18 May 2005 18th May 2005 Augean plc ("Augean" or "the Company") Details of Analyst Visit Augean is pleased to announce that it is today hosting a site visit for analyststo its King's Cliffe and Thornhaugh sites at Augean South near Peterborough. The purposes of this visit are to provide analysts with a broader understandingof the Group's operations and to provide an opportunity to meet members of theoperational management team. During the visit no new material information will be made available. Ends For further information, please contact: Jonathon Brill/Billy Clegg/Caroline Stewart, Financial Dynamics 020 7831 3113 Notes to Editors About Augean plc Augean plc listed on AIM on 10th September 2004, as an acquisition vehicledesigned to acquire businesses within the exciting and fast growing hazardouswaste market. In November 2004, the Company raised £100m in an institutionalplacing to fund the acquisition of Atlantic Waste Holdings based nearPeterborough, which Augean bought for £80,000,000 and is now called Augean Southand Zero Waste, based near Middlesbrough, bought for £26,000,000 which is nowcalled Augean North. Augean is the UK's market leader in hazardous waste. Augean is run by John Huntington, CEO, Gary Downey, FD and David Williams,non-executive Chairman. John Huntington and David Williams were previouslyinvolved with Waste Recycling Group plc. The hazardous waste market Since the implementation into UK law of the EU Landfill Directive on 16th July2004, what was 'special waste' has been re-classified as 'hazardous waste'.Approximately 5 million tonnes of hazardous waste are produced per annum in theUK. Prior to the new legislation, over 250 landfill sites accepted hazardous waste,operated under a system of co-disposal. Since the EU Landfill Directive wasimplemented into UK law, there are less than 10 dedicated landfill sitescurrently accepting hazardous waste, representing just over 1 million tonnes ofcapacity. The resulting supply and demand dynamic has resulted in a sharpincrease in prices. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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