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PLNT Plantic Tech.

7.75
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Plantic Tech. LSE:PLNT London Ordinary Share AU0000XINEG8 ORD NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 7.75 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Collaboration With Kesko GmbH

03/11/2009 7:00am

RNS Non-Regulatory



 

TIDMPLNT 
 
 
Plantic Technologies Limited 
03 November 2009 
 
? 
 
 
 
 
3 NOVEMBER 2009 
 
 
 
 
PLANTIC TECHNOLOGIES LIMITED ("PLANTIC") 
 
 
 
 
COLLABORATION WITH KESKO GMBH TO PENETRATE HIGHER END OF PACKAGING MARKET 
 
 
Plantic is an AIM-quoted company engaged in the development and 
commercialisation of a range of biodegradeable plastics from naturally occurring 
high amylose starch. 
 
 
Plantic is pleased to announce a formal collaboration with German packaging 
supplier Kesko GmbH. This follows the commissioning and opening of Plantic's 
manufacturing facility in Jena, which became fully operational in February 2009 
and is already supplying a range of customers in Europe, including a leading 
German food manufacturer. 
 
 
A key component of Plantic's marketing strategy has been to convince producers 
of higher value, luxury products of the importance of introducing 
biodegradability in to their packaging. The use of Plantic  biodegradable 
packaging gives their customers the comfort that the packaging used in such 
products has a low environmental impact. Plantic  biodegradable packaging, which 
uses less than 50% of the energy, and up to 70% less green house gas emissions, 
of traditional plastic 
 
 
With this in mind, Plantic's German subsidiary, Plantic Technologies (Germany) 
GmbH, will collaborate with local packaging supplier Kesko GmbH. Kesko supplies 
a range of packaging products to the pharmaceutical and cosmetics industries and 
will play an active role in promoting the functional and environmental qualities 
of Plantic's sheet and resin material. Plantic will supply biodegradable 
thermoformed sheet for BIOBlister and all BIO oriented packaging to Kesko. 
 
 
Kesko Managing Director Holger Rietfort comments: 
 
 
"We are delighted to be partnering with Plantic, which has earned an outstanding 
reputation in the field of biodegradeable plastic. We have been impressed both 
by Plantic's functional and environmental capabilities, and by the imaginitive 
strategies which the Plantic team has devised to promote the material to a 
broader market." 
 
 
Norbert-Rainer Schmidt, General Manager of Plantic Germany, is also 
lookingforward to this cooperation: 
 
 
"Kesko is the perfect partner for establishing a significant presence in the 
cosmetic and pharmaceutical industry.  Kesko enjoys an excellent reputation for 
quality and reliability and we are very pleased that they have chosen our 
technology to help us attack this important area of the market." 
 
 
Further Information: 
 
 
Plantic Technologies: 
 
 
+-----------------------------------------------------+--------------------------------------+ 
| Brendan Morris,                                     | +61(0)3 9353 7983                    | 
| Chief Executive Officer                             |                                      | 
|                                                     |                                      | 
+-----------------------------------------------------+--------------------------------------+ 
| Norbert-Rainer Schmidt,                             | +49 3641 21773 10                    | 
| Managing Director, Plantic Technologies (Germany)   |                                      | 
| GmbH                                                |                                      | 
+-----------------------------------------------------+--------------------------------------+ 
 
 
Pelham PR: 
 
 
+-----------------------------------------------------+--------------------------------------+ 
| Archie Berens                                       | +44 (0)207 337 1509                  | 
+-----------------------------------------------------+--------------------------------------+ 
 
 
 
 
Information about Plantic 
 
 
Plantic Technologies Limited has emerged as a world leading bioplastics 
innovator. The Australian-based company has won numerous international awards of 
for achievement in science and has built an international network of major 
corporate customers, distributors and research and development partners. 
 
 
Information about Kesko 
 
 
Kesko is a specialist packaging business situated in Stolberg near Aachen. 
Founded in 2004, one of its key areas of focus is blister packaging, a primary 
material in the distribution of pharmaceuticals. Through its reputation for 
quality, reliability and flexibility, Kesko has successfully expanded its 
position in the packaging market. 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 NRAEAEFAEENNFAE 
 

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