A joint venture between Teijin Limited, Osaka, Japan, and Cargill Inc., Minneapolis, Minn., has ended amicably with Cargill resuming full ownership of NatureWorks LLC. The maker of Ingeo™ biobased renewable plastics and resins, NatureWorks LLC, didn’t fit into Teijin’s recent portfolio restructuring. The global economic downturn has slowed sales growth of Ingeo, but NatureWorks continues to grow and show potential to compete with traditional oil-based plastics. For more information, see www.natureworksllc.com.
NatureWorks joint venture ends
Industry News | October 7, 2009 | By: IFAI
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