Corbion Purac announced to set up a new PLA production plant with the investment of EUR 60 million capex

Corbion Purac is known well all over in the world for it’s active participation in innovative biotechnological strategies. Recently, the company has represented one more example to show its thirst to stretch chances in Biotechnology arena. With the announcement of its intention of developing a 75kTpa PLA production plant, the company is planning to set up its new venture in the field of PLA production. That’s how; the company will introduce new biodegradation solutions to the plastic industry, raising the efficiency of PLA production through the new plant. With this planning revealed by the company, a rough idea about the business strategy of the company for coming 3-4 years has been highlighted.

Read more about this deal here at – http://www.4-traders.com/CORBION-14683517/news/Corbion--Purac-intends-to-construct-a-75kTpa-PLA-production-plant-19311101/"http://www.4-traders.com/CORBION-14683517/news/Corbion--Purac-intends-to-construct-a-75kTpa-PLA-production-plant-19311101/

According to the statement of Tjerk de Ruiter, CEO of the company, our strategy is based upon the day by day increasing demand of PLA that can strengthen our position in the international market. As the company is good for its high heat technology, market demand and availability of lactic acid, it can be directed forward to become a PLA producer from lactide supplier. The estimated investment for the new PLA plant is EUR 60 million capex in Thailand. Company now requires suitable strategic alliances to promote the PLA growth strategy.