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Plantic Technologies mulls polymer plant in Eastern Europe |
Halfway through the year, Plantic Technologies will decide on building
a biopolymer plant in Eastern Europe. Europe is currently the key
target in the US$1 bln (£507 mln) market for bioplastics.
The capacity in Europe is desired as it would eliminate sea freight,
which accounts for 12% of sales costs in Europe. In late April,
Plantic's maiden results showed a 30% drop in sales to A$2 mln for
2007, due to a change in product mix and a longer-than-expected
completion time for a marketing agreement with DuPont.
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