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Cereplast to expand sustainable plastics production 10-fold |
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Sustainable resin producer Cereplast (Hawthorne, CA) will make the leap from batch supplier of compostable, renewable-based resins, to possibly the leading renewable plastics player, expanding its current production capacity of 50 million lb at its lone California manufacturing site to 500 million lb with a new 12-acre site in Seymour, IN. According to Cereplast CEO Frederic Scheer, the company will invest $7.35 million to equip an existing site in Indiana, which currently is occupied by a 105,000-sq-ft building. Once construction is completed by 2010, Scheer says the operation will expand beyond the original 12 acres to include buildings with 400,000-sq-ft of manufacturing space staffed by 200 employees, depending on demand growth rates.
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