Cereplast Investing More Than $700,000 in Seymour, Indiana
The company will use the funds towards a more than $700,000 expansion, and to hire 38 new employees.
"We achieved significant milestones in the second quarter and further positioned the company for rapid growth and operational profitability," said Cereplast founder and CEO Frederic Scheer. "Our gross profit rose significantly on cost savings from our new bioplastics manufacturing facility in Seymour, which has increased production efficiencies significantly."
Cereplast makes fully compostable starch-based bioresins. Raw materials are derived from renewable sources such as soy proteins and starches in corn, wheat, and potatoes. It also makes hybrid resins, which combine renewable materials with petroleum-based plastics.
Atlantic Casualty Insurance Company Expands Goldsboro, North Carolina Headquarters & Operations Campus
2019 Leading Metro Locations: Pacific and South-Atlantic Metros Dominate the List
2019 Top States for Doing Business: Georgia Ranks #1 Sixth Year in a Row
A Site Selector’s Checklist for Locating in the U.S.
Location USA 2019
33rd Annual Corporate Survey & the 15th Annual Consultants Survey
Where to Invest in the Booming Aerospace Manufacturing Industry
2019 Auto/Aero Site Guide
Automotive Site Selection in Small and Rural Communities