American bioplastics maker NatureWorks LLC has chosen Asia as the location of its second world-scale manufacturing facility for its Ingeo polylactic acid resin, saying the continent is its fastest-growing sales region.
The Minnetonka, Minn.-based company did not release details but company executives had said as far back as NPE 2009 that they had been looking for a second facility, to complement their existing American plant in Blair, Neb., and were considering either Asia or Europe.
In an unrelated late March announcement that it planned to start directly selling its Ingeo packaging resin grades in Taiwan, rather than through an exclusive distributor there, NatureWorks said it planned to announce a location in Asia later this year for its second world-scale Ingeo facility.
Newspapers in Thailand reported in September 2010 that NatureWorks President and CEO Marc Verbruggen said in a visit to the country that Thailand was under consideration for the US$300 million to US$400 million facility, although they also said the company was also considering locations in Europe and South America.
Sources: http://www.cnchemicals.com/PressRoom/PressRoomDetail.aspx?newsTypeId=w&prNewsId=462CCM International