22 Ağustos 2014 Cuma

Trellis to own assets of liquidated Cereplast now by paying 2.6 million US dollars

Development in the bioplastics industry is taking place rapidly as various companies and research institutes are committed for investment and technology in this direction. Leading companies and research groups are engaged in development of biodegradable materials that are efficient to reduce the pollution level in environment. One of the leading bio-based product developer, Trellis Earth products, and the US based group is working hard to develop up to 50 percent of its product in the country after paying about 2.6 million US dollars for the assets of Cereplast, the bankrupted bioplastics material developer. Trellis has now a Cereplast plant and three contract developers in China. The company expects fastening the rate of growth with the Cereplast plant as it has a capacity of producing products that worth up to 50 million US dollars. With the help of this plant, the company will be able to fasten its injection molding and thermoforming operations in US.

Read more about the matter here at - http://www.plasticsandrubberasia.com/aug2014/materials2.html

The company has gained good reputation in the world of food packaging industry and bio-plastics development till now. Offering the whole range of eco friendly cutlery, shopping bags, food containers, it expects to elaborate its sales up to US$8.5 million in 2015.
Trellis is a seven-year old company with over 500 customers in the food service industry and provides bio-based cutlery, food containers, and shopping bags. It expects to post sales of US$8.5 million in 2015.

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