May 19, 2009

Cereplast exits bioplastic manufacturing

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.

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[Photo from CNET Networks]
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