Explosive bioplastic growth prompts firm to expand in Central and Eastern Europe
The manufacturer of bio-based, compostable and sustainable plastics has entered into a multi-million dollar supply and distribution agreement with BioWorks to supply Cereplast resins to the Polish market.
Expansion in Poland
Cereplast said the partnership with Bioworks reflected a growing demand for its bioplastic resins across the European continent.
Under the agreement, BioWorks will distribute Cereplast Compostables Resins and Cereplast Sustainables Resins to product and package manufacturers in Poland.
The resins are made from renewable resources including corn, wheat, tapioca and algae.
"Cereplast remains committed to identifying key partners in the European marketplace to help meet explosive demand for bioplastic resin on the continent," said Frederic Scheer, founder, chairman and CEO of Cereplast.
Scheer said that Poland, as the largest central European country, is considered to be one of the main manufacturing hubs in Western Europe.
According to the CEO, in 2011, Poland has the potential to become a multi-million dollar bioplastics market.
“This partnership enables us to capture substantial marketshare," he said.
BioWorks uses bioplastic resin to manufacture consumer products such as cutlery, cups and straws that are distributed throughout Europe. Parent company, Galant, is a plastic manufacturer specializing in injection molding, thermoforming and extrusion blown film production lines.
Romania
The company has also entered into a second European distribution deal with Euroink Romania, a producer of flexographic inks, solvents, and distributor of raw materials and masterbatches for the plastics and packaging industry.
Euroink Romania will use Cereplast’s resins for use in its masterbatch process for adding colorant to bulk and uncolored resins to industries such as food packaging.
Cereplast said the new contract opened up opportunities for supplying companies with bioplastic resin, many of whom serve regions beyond Romania.
“We are thrilled to work collaboratively with Euroink Romania to provide the Romanian market with the bio-based resin needed to meet surging demand for bioplastic materials across Europe,” said Scheer.
