Despite delays in completing the 50% acquisition of the US company by PTT Global Chemicals (PTTGC), NatureWorks says its plan for a PLA manufacturing plant in Thailand is still proceeding, and explains its market strategy for Asia Pacific.
According to Steve Davies, NatureWorks’ Director of Marketing and Communications, “The (acquisition) deal with PTTGC is not closed yet. There has been some delay and it’s not expected to close until end May. But that has not held back our plan to build the second plant in Thailand.” And continues: “The first phrase of the engineering design has been underway now for many months. We’re still targeting to have a plant in Thailand online by 2015.”
Tags: compostable product, foodservice ware
Source: World Packaging News, 2012-06-12.