Cereplast: Distribution Agreement with Polimernet Plastik
Cereplast, Inc., El Segundo, CA, USA, a manufacturer of proprietary biobased, compostable and sustainable plastics, entered into a distribution agreement with Polimernet Plastik Ltd., Turkey, to supply Cereplast bioplastic resins to the Turkish market.
Under the terms of the agreement, Polimernet Plastik will supply Cereplast Compostables resin to product and package manufacturers in Turkey. The contract includes a minimum of 100 tons of Cereplast resin per month for 2011, a number to grow in 2012 and beyond. With 8 % GDP growth, Turkey is benefiting from the strongest economic prosperity in Europe, and, in terms of bioplastic market share in Europe, the country ranks third, after Italy and Germany.
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