“Future of construction” firm files administration notice
AI Article Summary
Graphene firm Versarien has filed a notice of intention to appoint an administrator as it seeks a buyer within ten days. The company's flagship product, Cementene, is a concrete admixture that enhances strength and reduces carbon emissions, and has been tested on projects like HS2. Versarien's shares have been suspended, but they hope to avoid administration if a transaction can be secured. Leonard Curtis is tasked with finding interested parties before the potential administration proceeds.
What This Means for Canadian Contractors
For Canadian builders, this situation highlights the importance of financial stability and innovation in construction materials. Products like Cementene could influence future construction practices, especially in reducing carbon footprints. Monitoring the outcome of Versarien's situation may guide decisions about partnerships and adoption of new materials.
