Cereplast sells $1.4 million of biopolypropylene to Indian customer
9:41 AM MDT | October 8, 2013 | Lindsay Frost
Cereplast says it has received a $1.4-million purchase order for its biopropylene-101 from Dugar Eximark (Hyderabad, India), a company specializing in green products, building materials, agricultural products, petrochemicals, and import-export services. Cereplast will ship from its existing inventory in Europe over the next 10 months. "Entering into an agreement to liquidate our existing inventory is a critical milestone for our company,” says Frederic Scheer, chairman and CEO. “From a financial perspective, this transaction yields strong cash...
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