| INTERVIEW-"Green" plastic bags maker SPhere sees rosy future |
|
Tougher environmental regulation
will boost sales at SPhere, a French maker of biodegradable
plastic bags, by around 20 percent annually until 2011 and by
more beyond then, the chairman of the family-owned mid-cap said.
SPhere, which makes carrier bags and bin liners with a resin made out of potato starch, believes bioplastic bags will go from niche market to industrial product in the next five years, John Persenda, who founded the company in 1976, told Reuters. "Everything will change with the legislation the authorities have promised for very soon," Persenda, a former Franco-British engineer, said in an interview at SPhere's headquarters. Bookmark this page!      |
| Source: | reuters.com |
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