logo
  Join        Login             Stock Quote

Metabolix (MBLX) Agrees With Kenmare To Expand Business In European Compostable Film Markets

 December 12, 2012 12:02 PM
 


(By Balaseshan) Metabolix Inc. (NASDAQ: MBLX) has entered into an agreement with packaging solutions supplier Kenmare Srl. to expand business in compostable film markets in Europe.

Under the agreement, Kenmare will promote to its customers Metabolix's Mvera B5008, a certified-compostable film grade, starting in 2013. Kenmare is a packaging solutions supplier based in Milan, Italy and Lugano, Switzerland.

Mvera B5008 is designed for consumer compost bags, can liners for commercial compostable food waste, as well as shopping and retail bags that can be reused as consumer compost bags.

It is certified by Vinçotte to meet the EN 13432 standard for compostable plastics, and exhibits many of the same performance qualities of the current non-compostable plastic bags– such as excellent puncture and tear resistance, good barrier properties, printability and compatibility with other compostable polymers.

[Related -Watch Out For The One-Time Revenue Effect]

"Kenmare has unparalleled expertise and reach in these regions, working with a number of leading organizations on their packaging needs. This expanded relationship reflects Metabolix's continued growth in European markets and will help us leverage existing Kenmare customer relationships and capabilities to broaden our presence in European markets," said Stan Haftka, director of business development, Europe at Metabolix.

Metabolix is a bioscience company focused on bringing environmentally friendly solutions to the plastics, chemicals and energy industries. The company has core capabilities in microbial genetics, fermentation process engineering, chemical engineering, polymer science, plant genetics and botanical science.

[Related -Metabolix (MBLX) Gets Two New Patents For Biobased Polymers, Industrial Chemicals Production]

MBLX is trading up 10.37% at $1.81 on Wednesday. The stock has been trading between $1.07 and $6.09 for the past 52 weeks.

iOnTheMarket Premium
Advertisement

Advertisement


Post Comment -- Login is required to post message
Name:  
Alert for new comments:
Your email:
Your Website:
Title:
Comments:
 

rss feed

Latest Stories

article imageChart Says This Retailer's Comeback Isn't Finished

One of the surprises, at least on the surface, of the market's recent swoon was the outperformance of read on...

article imageETF Performance Review: Major Asset Classes | 19 Dec 2014

It’s all about real estate investment trusts (REITs) these days when it comes to bullish performance among read on...

article imageOil and Global Stock Markets Rebounding Sharply

So far so good on our expectation of a 4 to 5% pullback and then a resumption of the bull read on...

article imageGrading the FOMC

Love its members or loathe them, you have to admire the gradual impact the policy-making committee has had read on...

Advertisement
Popular Articles

Advertisement
Daily Sector Scan
Partner Center



Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.