Haftka will lead the joint venture's European business development
effort and establish first international office
CAMBRIDGE, Mass.--(BUSINESS WIRE)--
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(TM) 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(TM), 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)
ICR
Media:
Matt Lindberg, 203-682-8214
matthew.lindberg@icrinc.com
or
Brian
Ruby, 203-682-8268
brian.ruby@icrinc.com
or
Investors:
James
Palczynski, 203-682-8229
james.palczynski@icrinc.com
Source: Metabolix, Inc.
<<Business Wire -- 10/27/2009>>