RELATED WIKI ARTICLES
Back to MBLX
Metabolix and ADM Appoint Stan Haftka as Director of Business Development, Europe, for Telles Joint Venture

Metabolix, Inc. (NASDAQ: MBLX) and Archer Daniels Midland Company today announced the appointment of Stan Haftka, Ph.D., as Director of Business Development, Europe, for Telles, the joint venture that is commercializing Mirel™ bioplastics. Dr. Haftka will lead European business development with the opening of Telles’ first international office at ADM’s Europoort facility in the Netherlands.

Dr. Haftka has 20 years of experience in the global specialty polymer market and brings leadership assets important for the organization’s international growth. “We’re pleased to have Stan join the Telles team as he will play an instrumental role in the global expansion of our business,” said Bob Engle, General Manager of Telles. “His technical background, management and leadership experience, as well as his prior success in leading European and Asian business development for specialty polymers businesses will greatly benefit Telles.”

Dr. Haftka joins Telles from the engineering polymers business of Celanese Corporation, where he served as Global Segment Manager, GUR New Technologies, responsible for managing the business segment globally. He successfully developed and implemented new business strategies, managed numerous product and application platforms, and received patents for new polymer applications.

About Mirel Bioplastics

Mirel is a family of bioplastic materials with the physical properties of petroleum-based resins, yet with a unique combination of being biobased and biodegradable in natural soil and water environments, and in home and industrial composting facilities, in areas where such facilities are available. The rate and extent of Mirel’s biodegradability will depend on the size and shape of the articles made from it. However, like nearly all bioplastics and organic matter, Mirel is not designed to biodegrade in conventional landfills.

Mirel bioplastics are available for injection molding, blown and cast film, and cast sheet applications. Telles is the joint venture between Metabolix and Archer Daniels Midland Company that is commercializing Mirel bioplastics. The first commercial-scale plant to produce Mirel bioplastic resins is being constructed adjacent to ADM's wet corn mill in Clinton, Iowa. For more information please visit www.mirelplastics.com.

About Metabolix

Founded in 1992, Metabolix, Inc. is an innovation-driven bioscience company focused on providing sustainable solutions for the world’s needs for plastics, chemicals and energy. The Company is taking a systems approach, from gene to end product, integrating sophisticated biotechnology with advanced industrial practice. Metabolix is now developing and commercializing Mirel™, a family of high performance bioplastics which are biobased and biodegradable alternatives to many petroleum based plastics. Metabolix is also developing a proprietary platform technology for co-producing plastics, chemicals and energy, from crops such as switchgrass, oilseeds and sugarcane.

For more information, please visit www.metabolix.com. (MBLX-G)

(c) 2009 Business Wire, Inc., All rights reserved. All of the news releases and other content contained herein are protected by copyright and other applicable laws, treaties and conventions. Information contained in the releases is furnished by Business Wire's members, who warrant that they are solely responsible for the content, accuracy and originality of the information contained therein. Any copying or reproduction (other than for an individual user's personal reference), redistribution, reposting or other transmission or communication is expressly prohibited without prior written permission of Business Wire, Inc
Back to MBLX
Wikinvest © 2006, 2007, 2008, 2009. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki