Agreement with Klockner Pentaplast for Europe
15 10월 2010 - 3:35PM
UK Regulatory
TIDMPLNT
RNS Number : 4560U
Plantic Technologies Limited
15 October 2010
Media Release
15 October 2010
PLANTIC APPOINTMENT OF KLÖCKNER PENTAPLAST AS A DISTRIBUTOR FOR EUROPE
Plantic Technologies Ltd, announced today it has expanded its exclusive regional
distribution agreement with the Klöckner Pentaplast Group for its line of
Plantic biopolymer rigid packaging films to include Europe. Previously
focusing on the Americas, the expanded exclusive agreement now encompasses
European distribution. Klöckner Pentaplast, a leading global producer of rigid
packaging films, will market and sell Plantic rigid packaging films throughout
the Americas and Europe under its Pentafood Biofilm(TM) brand name. Designed
to increase market penetration and enhance service to the marketplace, this
relationship will provide customers with access to the products that will help
meet their sustainable packaging goals. Plantic will continue to service the
Australasian markets directly and provide rigid trays from its German
manufacturing site.
About Plantic Technologies Ltd.
Plantic Technologies is based in Australia, where its head office, principal
manufacturing, and research and development facilities are located. The company
also has sales offices in the U.S.A., Germany and the United Kingdom employing
approximately 56 people internationally.
Plantic's novel polymer technology is based on the use of high-amylose
cornstarch, a material derived from annual harvesting of specialized non- GM
(hybrid) corn and supplied by National Starch, LLC. The unique chemical and
film-forming properties of this type of starch allow for development of a range
of applications across conventional plastics markets. Plantic materials have a
renewable bio-content of typically 85%. In addition to being renewably sourced,
Plantic materials are biodegradable, home compostable, water dispersible and
compostable to American (ASTM D6400) and European (EN 13432) standards.
Plantic Technologies has won numerous international awards for their innovation
in biodegradable plastics. Plantic is listed on the London Stock Exchange (AIM)
under the symbol 'PLNT'. For more information visit the company's website at
www.plantic.eu
About the Klöckner Pentaplast Group
The Klöckner Pentaplast Group is the world's leading producer of films for
pharmaceutical, medical device, food, electronics and general-purpose
thermoformed packaging, as well as printed and specialty applications. Founded
in 1965 in Montabaur, Germany, Klöckner Pentaplast has grown from its initial
facility to 19 production operations in 11 countries.
The Klöckner Pentaplast Group is wholly owned by affiliates of The Blackstone
Group. The company has sales of over $1.3 billion (EUR930 million) and employs
more than 3,000 people committed to serving customers worldwide. For more
information, visit our web site at www.kpfilms.com.
Contact for Plantic Technologies Ltd.
Brendan Morris
CEO
Plantic Technologies Ltd.
+61 404076 454
brendanm@plantic.com.au
Contact for Klöckner Pentaplast Group
Contact for Corporate, The Americas, and Asia:
Nancy E. Ryan
Group Director, Corporate Communications
Klöckner Pentaplast Group
+1.540.832.1427
+1.540.832.1419 Fax
n.ryan@kpfilms.com
Contact in Europe:
Thomas Huenseler
Manager of Communications
Klöckner Pentaplast/Europe
+49 2602 915 315
+49.2602.915.197 Fax
t.huenseler@kpfilms.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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