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Metabolix Opens First European Office

Bioscience company Metabolix, Inc. (MBLX: Quote) said Wednesday that it has opened its new office in Cologne, Germany.

The new office marks the first expansion for Metabolix outside of the United States and will coordinate business development, customer service and technical support to business partners and biopolymer customers based in Europe.

Located in the BioCampus Cologne life science park, the space will enable the company to directly access the European market for biopolymers and will serve as a coordination point for its regional initiatives in renewable chemicals.

According to the Freedonia Group, global demand for bioplastics is expected to more than triple through 2015, with Western Europe remaining the largest consumer of bioplastic materials. With more than 700 issued and pending patents, Metabolix has led the industry in the development of a family of biopolymers called PHAs, or polyhydroxyalkanoates.

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by RTT Staff Writer

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After moving sharply lower in early trading on Wednesday, stocks have seen continued weakness over the course of the trading session. Will the pullback, the major averages are adding to the modest losses posted in the two previous sessions. With spending on private and public construction both showing notable decreases, the Commerce Department released a report on Wednesday showing an unexpected drop in U.S. construction spending in the month of August. Growth in U.S. manufacturing activity saw a notable slowdown in the month of September, according to a report released by the Institute for Supply Management on Wednesday, with the index of activity in the sector pulling back off a three-year high.
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