Itaconix PLC - manufacturer of plant-based polymers - Signs a collaboration agreement with French compacting company Bonals Technologies. This is under Itaconix's Sparx programme, to accelerate the introduction of safer, better performing and sustainable unit dose detergent tablets in the US and Canada. Bonals produces tableting equipment used by detergent tablet brands and contract manufacturers in Europe. The Sparx programme, first announced in October, utilises collaborations to reach its goal of having brands release at least ten new products by the end of 2025, generated from these collaborative efforts.
Itaconix Global Director of Cleaning & Hygiene Jim Gordon said: "Interest in tablets is increasing in North America based on the advantages they have for efficient dosing, without the use of plastic wrapping. By working with Bonals and current North American contract manufacturers in our Sparx programme, we aim to enable North American production of detergent tablets that have levels of in-wash performance found in Europe."
Current stock price: 13.00 pence
12-month change: down 8.8%
By Emily Parsons, Alliance News reporter
Comments and questions to newsroom@alliancenews.com
Copyright 2024 Alliance News Ltd. All Rights Reserved