Cereplast Moves Operations to its Indiana Facility
Company reduces footprint in Southern California to increase efficiencies and streamline R&D and production
January 12, 2010 06:33 AM Eastern Time
HAWTHORNE, Calif. & SEYMOUR, Ind.--(EON: Enhanced Online News)--Cereplast, Inc. (OTCBB: CERP), a leading manuf
proprietary bio-based, sustainable plastics, announced today that it has signed a lease for a new facility located in El Segundo, CA f
corporate offices. Cereplast is reducing its footprint in Southern California, and is moving all R&D and production lines to its much l
art facility in Seymour, Indiana.
Cereplast announced development of the new Indiana facility in late 2007. The company had delayed the opening because of the ec
that began in 2008. Due to recent developments at the Company, and economic streamlining, Cereplast will begin the utilizing the In
R&D operations, and the manufacturing of its bio-plastic resins, as early as February.
“This is part of our ongoing strategy to streamline our operations. The Indiana plant will allow us to drastically reduce our costs com
California; from real estate to utilities, the savings will be across the board,” stated Mr. Frederic Scheer, Founder, Chairman and C
Inc. “As we opened this new facility in Indiana, it made sense to reduce our leased space in California. This will improve cash flow
focus on our strengths, which are developing and marketing bio-plastic resins to the worldwide consumer and industrial plastics mar
another step toward our final goal of having a strategic partner compound our resins not only in the United States but also abroad. T
a more geographically central region is part of our strategic plan, and will facilitate our operations, allowing us to better serve our gr
located in the United States.”
About Cereplast, Inc.
Cereplast, Inc. (OTCBB:CERP) designs and manufactures proprietary bio-based, sustainable plastics which are used as substitutes
based plastics in all major converting processes - such as injection molding