May 19, 2009
Instead of manufacturing its own bioplastic, Cereplast said it will follow the semiconductor industry's business model and rely on contract manufacturing to reduce costs.
The California-based bioplastic producer said that it is exiting the manufacturing business and instead will contract with large compounders to produce its bio-based resins because of a worldwide excess of plastics compounding capacity. Cereplast will instead focus on product development and customer service.
[Photo from CNET Networks]