Sonae Arauco SA announces new partnership with EcoSynthetix
Inc
MAIA, PORTUGAL, June 22, 2017 /CNW/ - Sonae Arauco
SA
To meet the increasing demand of its customers, Sonae Arauco continues to deliver state of the
art solutions.
To address market demand Sonae
Arauco has invested in one of its plants in Portugal to be able to supply a range of
non-added formaldehyde products, including MDF, utilizing
best-in-class renewable bio-content materials in partnership with
EcoSynthetix Inc. (TSX: ECO). EcoSynthetix is known as a successful
renewable chemicals company based in Canada that produces a portfolio of
commercially proven bio-based products.
Beginning with a soft launch, the cost competitive products
offer the lowest achievable emissions and highest levels of
renewable bio-content that are increasingly being demanded by
consumers and retailers. The innovative technology that the
new partner EcoSynthetix provides is being introduced into
different panel types at other sites across the group.
Sonae Arauco is known to create
sustainable and renewable wood-based solutions for a better life
and planet, moving beyond products to offer fit for purpose
solutions that improve people's lives.
"We have an industrial soul and we believe in long-lasting
partnerships," says Rui Correia, CEO
of Soane Arauco. "We do feel that
EcoSynthetix Inc. will help us to take our clients ambitions
further by offering an attractive product portfolio."
Sonae Arauco, as a leading
international company in its sector, is looking forward to a strong
and mutually profitable partnership.
Together with EcoSynthetix Inc. we will take wood further.
About EcoSynthetix Inc. (www.ecosynthetix.com)
EcoSynthetix offers a range of sustainable engineered biopolymers
that allow customers to reduce their use of harmful materials, such
as formaldehyde and styrene-based chemicals. The Company's flagship
products, DuraBind™ and EcoSphere®, are used to manufacture wood
composites, paper and packaging, and enable performance
improvements, economic benefits and sustainability. The Company is
publicly traded on the Toronto Stock Exchange (T:ECO).
About Sonae Arauco
(www.sonaearauco.com)
Soane Arauco is a wood-based 50/50
Joint venture between two strong brands: Sonae Indústria and
Arauco. With over 20 industrial and commercial units in 8 countries
on 2 continents, and with circa 2800 employees around the globe,
Sonae Arauco is one of the largest
wood-based panel producers worldwide. The production capacity
amounts to about 4,185 million cubic meters, and the turnover is
Euro 812 million. The inspirational
wood solutions are available in over 75 countries.
SOURCE EcoSynthetix Inc.