BURLINGTON, ON, Nov. 6, 2018 /CNW/ - EcoSynthetix Inc. (TSX: ECO)
("EcoSynthetix"), a renewable chemicals company that produces a
portfolio of commercially proven bio-based products, today
announced that the SWISS KRONO GROUP has launched a new No-Added
Formaldehyde ("NAF") particleboard using EcoSynthetix' DuraBind™
binder. The SWISS KRONO GROUP is one of the world's leading
wood-based panel manufacturers.
The launch is SWISS KRONO's latest innovation in the
particleboard sector, known as NAF Solution, a new certified panel
without adding formaldehyde. The certification meets the highest
quality and ecological standards for wood-based materials and is
further proof of the attention that SWISS KRONO addresses to
sustainability and respect for the environment.
"This is an exciting step in our commercialization strategy for
DuraBind. SWISS KRONO is one of the world's largest and most
innovative manufacturers of wood-based panels, and an industry
leader in its approach toward sustainability," said Jeff MacDonald, Chief Executive Officer of
EcoSynthetix. "As the first commercial customer of DuraBind, this
new product launch is a natural extension of our relationship with
SWISS KRONO. We support their initiative to market an NAF-branded
solution for particleboard, and their vision to invest in building
a new market with a differentiated product."
"This launch of our new NAF particleboard once again puts
emphasis on ecology and eco-sustainable philosophy from which our
products and services are born," said Martin Brettenthaler, Chief
Executive Officer of the SWISS KRONO GROUP. "Using EcoSynthetix'
innovative bio-based binder technology supports our aim to reduce
formaldehyde emissions to approximately one quarter of the CARB 2
specifications."
SWISS KRONO has been using DuraBind on one of its production
lines since 2016. This launch expands the relationship with
EcoSynthetix to include NAF particleboard produced at two
additional SWISS KRONO facilities – Zary, Poland and Menznau, Switzerland. SWISS KRONO announced it has
produced its first 1,000 cubic metres of particleboard with the
next production run scheduled for November.
About EcoSynthetix Inc. (www.ecosynthetix.com)
EcoSynthetix offers a range of sustainable engineered biopolymers
that allow customers to reduce their use of harmful materials, such
as formaldehyde and styrene-based chemicals. The Company's flagship
products, DuraBind™ and EcoSphere®, are used to manufacture wood
composites, paper and packaging, and enable performance
improvements, economic benefits and sustainability. The Company is
publicly traded on the Toronto Stock Exchange (T:ECO).
About the SWISS KRONO GROUP
The SWISS KRONO GROUP
based in Lucerne, Switzerland is
one of the world's leading manufacturers of wood-based panel
products, specialising in sustainable and innovative solutions in
three categories: Interior, Flooring and Building Materials.
Originally founded in 1966 as a family firm, today it counts 5,100
staff around the globe and production facilities at ten locations
in eight countries. The SWISS KRONO GROUP has always had a strong
commitment to offering top-quality, environmentally friendly
products: Wood at its best!
SOURCE EcoSynthetix Inc.