Cereplast (CERP) has signed a distribution deal with Euroink Romania providing bioplastic resins to the Romanian marketplace. Just a few days ago the company announced a distribution deal with BioWorks to supply the Polish market. Last September they signed a distribution deal with Sezersan Ambalaj to introduce bioplastics to the Turkish market, so the company continues its aggressive expansion in the European market.
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Cereplast (CERP) a leading manufacturer of compostable and sustainable plastics, has announced a multi million dollar partnership with Sezersan Ambalaj (Sezersan), a subsidiary of Asc Group in Turkey, to produce bio twist films made from Cereplast Compostables(R) resins which has form memory and is heat sealable. The patented product will serve as wrap packaging for a variety of food products distributed throughout Europe.
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We will be covering a new green stock here at Green Stocks Central. Cereplast (CERP), bioplastics extraordinaire, debuted with its IPO back in April, but it’s been a downward slide in the stock ever since. After reaching a high of 5.74 just a couple days after trading on the Nasdaq, it has plummeted to 3.50 and touched below 3 a few days ago. It has been a wild ride.
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