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Metabolic Explorer SA Updates on New Factory in Malaysia; Sales Deals for Texerol


Thursday, 20 Sep 2012 01:00pm EDT 

Metabolic Explorer SA announced that the completion of its new factory in Malaysia will be delayed by more than six months due to the fact that work on the ground which the owner of the site, Bio-XCell, was contracted to do has not been completed according to schedule. As a result of this delay the Company intends to renegotiate elements of its contract with Bio-XCell. The Company also announced that it has signed two agreements in principle for the sale of Texerol to PTT producers. The requirements of these producers are in excess of half the production capacity of the new factory in Malaysia. The financial terms of the contracts were not disclosed. 

Company Quote

3.22
-0.01 -0.31%
11 Jul 2014