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EcoSynthetix Inc T.ECO

Alternate Symbol(s):  ECSNF

EcoSynthetix Inc. is a Canada-based renewable chemicals company that specializes in biomaterials used in a variety of end products. The Company offers a range of sustainable engineered biopolymers that allow customers to reduce their use of harmful materials, such as formaldehyde and styrene-based chemicals. It is engaged in the development and commercialization of environmentally friendly, bio-based technologies as replacement solutions for synthetic, petrochemical-based adhesives and other related products in the Americas, Europe, Middle East and Africa (EMEA), and Asia Pacific. It operates in one segment: the biopolymer nanosphere technology platform. The Company's products include EcoSphere biopolymers, EcoMer biomonomers, EcoStix bio-based pressure-sensitive adhesives, and DuraBind bioresins. The DuraBind and EcoSphere, are used to manufacture wood composites, paper, and packaging. Its serves to the markets, such as Paper and Paperboard, Building Materials, and Other Markets.

TSX:ECO - Post by User

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  • Possibleidiot01X
Post by Possibleidiot01on Mar 01, 2023 7:01am
Post# 35311710

manufacturing investment

manufacturing investment Correctme ,  if I am wrong , but are they not shrinking their capacity by removing  the current 80 million ton capacity  and replacing it with 30 million tons ?

"The Company's North American production is currently manufactured through a toll production partner located in Dyersburg, Tennessee. This production line is owned by EcoSynthetix and operated under the contract by the Company's toll production partner with a name-plate capacity of up to 80 million pounds and will be removed from the facility after production ceases, which is expected to occur by the end of 2023.

 replacing with "EcoSynthetix will internalize its North American manufacturing capacity at its Centre of Innovation and corporate headquarters in Burlington, Ontario in 2023 and install its first, in-house manufacturing asset with an annualized name-plate capacity of up to 30 million pounds. This investment will improve the Company's ability to launch new products and reduce manufacturing costs.

Great ,they are becoming more responsive and lowering costs.
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