Novamont forms North American unit

Italian bioplastics manufacturer Novamont SpA has created a North American unit, Danbury, Conn.-based Novamont North America Inc.

The unit will market Novamont’s Mater-Bi-brand compostable and biodegradable bioplastics.

Novamont announced Jan. 19 that it plans to make “significant investments” in the North America, eventually building an integrated system of agriculture, industry and environment, including a biorefinery.

“The North American composting market has grown significantly in the past decade, and is now ready to make a big step forward due to higher environmental sensitivity, and increased attention on the economics of waste diversion,” said Tony Gioffre, president of Novamont North America, in a news release.

Novamont has 200 employees and 2010 annual sales of $115 million. The company said its current annual production capacity is 80,000 metric tons.

SOURCE: PLASTICS NEWS

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