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Itaconix gets vote of confidence in its stubborn stains removal technology

Società Chimica Bussi is investing in additional manufacturing capacity for a product developed by Itaconix
Stained denim
Eureco RP103 is used in detergents

Società Chimica Bussi (SCB) is investing in additional manufacturing capacity for a product developed by Itaconix Plc (LON:ITX), the sustainable performance polymers specialist.

The product is the new granular grade Eureco RP103 , a stubborn stain removal product developed by Itaconix and licensed to Solvay SA.

Solvay sold its Bussi site to SCB in 2016, including the manufacturing facility for RP103, but maintains its role of exclusive distributor of Eureco products worldwide, except in Italy.

As a result of growing commercial interest, SCB has decided to support the availability of Eureco products in granular form and has prioritised the investment at the Bussi plant in Italy, Itaconix told shareholders.

Shares in Itaconix were up 5.6% in mid-afternoon trading at 23.75p. 

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Itaconix Plc Timeline

February 13 2018

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