- New state-of-the-art production line in
The Netherlands supports growth
-
BURLINGTON, ON,
Nov. 4, 2011 /PRNewswire/ -
EcoSynthetix Inc. (TSX: ECO), a renewable chemicals company that
produces a family of commercially proven bio-based products, today
announced that it has commissioned a new 80 million pound
production line within the existing facility in Oosterhout,
The Netherlands, bringing the
Company's current annualized capacity to 155 million pounds. It is
the first of two new 80 million pound lines that the Company
expects to bring on line by the end of the year. The new Oosterhout
line was completed on time and on budget.
"Having additional capacity in our Netherlands facility puts us in a stronger
position as we build our customer base globally," said John van Leeuwen, Chairman and CEO of
EcoSynthetix. "The strength of our mill trial activity gives us the
confidence to continue to build capacity to ensure that we have the
capability to meet customer needs. With performance parity relative
to competitive products, a significant price advantage and an
extremely cost-pressured end market, we believe it is a matter of
"when" rather than "if" large-scale adoption of our
ECOSPHERE® BIOLATEX® binder takes place
within the coated paper and paperboard market."
The new line employs the latest state-of-the-art
emulsifier technology, providing EcoSynthetix with higher
throughput and improved margins relative to its original two lines.
The Company's fourth line is expected to be installed later this
year in Tennessee, bringing the
total annualized production capacity to 235 million pounds.
The installation of the Oosterhout line follows
on the heels of EcoSynthetix commissioning its BIOLATEX®
binder pilot plant located at the Company's Centre of Innovation in
Burlington, Ontario. The pilot
plant is being used for research and development purposes to
support new product development. It supports the Company's plans to
further penetrate the paper and paperboard industry and expand into
new markets, as it continues to displace petrochemical polymers
with a low cost, bio-based alternative.
About EcoSynthetix Inc.
(www.ecosynthetix.com)
EcoSynthetix Inc. is a renewable chemicals
company specializing in bio-based products that can be used as
inputs in industrial manufacturing for a wide range of consumer
products. The Company's products offer a reduced carbon footprint
and are marketed primarily on the basis of lower cost, stable
pricing and equal or superior performance. EcoSynthetix's lead
product, ECOSPHERE® BIOLATEX® binders, is
used commercially by a number of the global top 20 manufacturers in
the coated paper and paperboard industry.
Forward Looking Statements
Certain statements in this Press Release
constitute "forward looking" statements that involve known and
unknown risks, uncertainties and other factors which may cause the
actual results, performance, objectives or achievements of the
Company, or industry results, to be materially different from any
future results, performance, objectives or achievements expressed
or implied by such forward looking statements. These statements
reflect our current views regarding future events and operating
performance and are based on information currently available to us,
and speak only as of the date of this Press Release. These forward
looking statements involve a number of risks, uncertainties and
assumptions and should not be read as guarantees of future
performance or results, and will not necessarily be accurate
indications of whether or not such performance or results will be
achieved. Those assumptions and risks include, but are not limited
to, the fact that our results of operations and business outlook
are subject to significant risk, volatility and uncertainty. Many
factors could cause our actual results, performance or achievements
to be materially different from any future results, performance or
achievements that may be expressed or implied by such forward
looking statements, including the factors identified in the "Risk
Factors" section of the Company's supplemented prospectus dated
July 27, 2011. Should one or more of
these risks or uncertainties materialize, or should assumptions
underlying the forward looking statements prove incorrect, actual
results may vary materially from those described in this Press
Release as intended, planned, anticipated, believed, estimated or
expected. Unless required by applicable securities law, we do not
intend and do not assume any obligation to update these forward
looking statements.
SOURCE EcoSynthetix Inc.