NatureWorks Augments Its Ingeo™ Sales Strategy in Taiwan

MINNETONKA AND TAIPEI--(Korea Newswire)--NatureWorks LLC announced today that, effective immediately, it will sell Ingeo™ packaging resin grades directly to Taiwanese customers. This move completes NatureWorks’ commercial transition in Taiwan since other Ingeo grades (e.g. for fibers or durable applications) have been sold directly to its customer base there for a number of years.

“NatureWorks has experienced significant Ingeo business growth in Taiwan, and decided that in order to continue that growth the company must forge closer technical and commercial relations with large-scale packaging customers there,” said Marc Verbruggen, President and Chief Executive Officer of NatureWorks. “We previously had an exclusive distribution arrangement with a Taiwanese company, but since that exclusive arrangement has ended, we would now like to offer a direct sales channel to those same packaging accounts.”

In order to provide multiple sales channel options for its local customers, NatureWorks intends to continue the supply of Ingeo packaging grades of resin through its existing distributor in Taiwan. Taiwan-based companies are among the largest customers of Ingeo-based products worldwide, and Asia is NatureWorks fastest growing sales region.

Because of a significant growth in demand for Ingeo biopolymer in Asia, later this year NatureWorks expects to announce a location in Asia for its second world-scale Ingeo production facility.

Ingeo biopolymer, made from renewable plant material, not oil, emits 60 percent less greenhouse gas and requires 48 percent less energy to manufacture into resin as compared to such plastics as PET. To view numerous examples of how companies around the world have incorporated Ingeo into their products, visit NatureWorks’ most recent “LookBook”. For more information on Ingeo, visit www.natureworksllc.com.

About NatureWorks LLC
NatureWorks LLC is a company dedicated to meeting the world’s needs today without compromising the earth’s ability to meet the needs of tomorrow. NatureWorks LLC is the first company to offer a family of commercially available, low-carbon footprint Ingeo biopolymers derived from 100 percent annually renewable resources with performance and economics that compete with oil-based plastics and fibers. For more information, visit www.natureworksllc.com.

Ingeo and the Ingeo logo are trademarks or registered trademarks of NatureWorks LLC in the USA and other countries.

Website: http://www.natureworksllc.com

This is a news release distributed by Korea Newswire on behalf of this company.