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Miroglio Group Signs New Ingeo Master Licence Agreement

Miroglio becomes the latest NatureWorks partner to sign a Master License Agreement (MLA) to supply fiber and yarns in Europe and beyond.

MINNETONKA, Minn., October 15, 2008– The Miroglio Group has decided to join the strategic group of NatureWorks LLC’s global partner network to supply both Ingeo™ fiber as a raw material, and also manufacturing its own range of Ingeo yarns. These will be developed and used within the group for a variety of textile applications and will also be marketed and sold to the textile supply chain on a global basis.

In becoming the latest Ingeo partner to sign a MLA, Miroglio will benefit from the strong market growth for NatureWorks innovative biopolymers, fuelled since the 2003 brand launch by the support and dedication of its inaugural licensees.

The Miroglio Group holds an important position in the textile industry. Recognized as a leader in innovation and product development, the group’s history began in 1947, when Giuseppe Miroglio, the company's founder, set up his own industrial business with just four looms, installed in storehouses he had built in the centre of Alba. Since then, the business evolved dramatically to become one of the world’s key textile groups. In recent years the group has expanded and acquired or established companies and production plants including Ulmia in Germany, Giorgetti Bulgaria as well as interests in China, Spain and more. The Textile Division of the Group deals with the production and sales of a wide variety of articles spanning the entire spectrum of the textiles from yarns and greige fabric, to finished fabrics, screen, digital and transfer paper design and manufacture.

As one of the major players in the textile field, Miroglio will launch its new Ingeo products at the upcoming Filo International Yarn Exhibition in Milan on the 15th and 16th of October at the Congress Center “Le Stelline”. This exhibition is the very first in the seasonal cycle of textile trade shows and one that feeds the market with new ideas in raw materials, yarns and trends, where all the key players look for innovation direction, making it the ideal venue to announce this ne MLA and showcase Ingeo yarn and fibre products from the Miroglio Group. Most notable will be Miroglio’s introduction of a new range of Ingeo filament yarn qualities which will introduce a completely new innovation dimension to the textile chain

Stefano Cochis, Commercial Director at Miroglio maintains - “We at Miroglio have a long experience and understand the nature and value of innovation as the fulcrum for maintaining a responsive and healthy business. Signing our MLA with NatureWorks demonstrates our belief in Ingeo as a new material with a bright future for us all. It’s the essential product of real difference that we can add to the wide range we offer customers today and we know we can leverage its unique message into the market and match the growing demand for better, more responsible, low carbon footprint products that offer that point of difference today”

Ingeo biopolymer is manufactured by NatureWorks LLC. The company was founded to commercially manufacture and supply more responsible bio-based raw materials for fiber and bioplastic lifestyle products. Ingeo represents an ingenious new material that’s made from plants not oil. The many environmental benefits that come with this new brand include that it’s derived entirely from annually renewable plant resources. Ingeo also uses 66-77% per cent less fossil fuel resources than the traditional polymers such as polyester and nylon and reduces greenhouse gas emissions by 91-97%, making Ingeo a unique brand catalyst for lower carbon footprint products and therefore better eco-profiles and a more environmentally sensible option for the new generation of consumers who enjoy them.

“Working closely with Miroglio will mean we can develop a more integrated approach to both raw material and yarn supply for the textile industry in Europe and beyond. Miroglio has such a wide reach and depth of knowledge and really understands the business of speciality fiber innovation, marketing and communication. That makes them a very appropriate partner choice for us and we look forward to a strong partnership” comments Eamonn Tighe, European fibers business development manager for NatureWorks LLC.

Building on the last 5 years of fiber market development, NatureWorks and Mioglio, with Ingeo can capitalize on the growing global demand for more environmentally friendly materials to take the lead in consumer lifestyle product development.

NatureWorks LLC, Miroglio and Ingeo: making contemporary products for everyone to make better choices. Better for the planet, and so better for consumers and ultimately better for business.

About NatureWorks

NatureWorks LLC is a company dedicated to meeting the world’s needs today without compromising the earth’s ability to meet the needs of tomorrow. NatureWorks LLC is the first company to offer a family of commercially available low carbon footprint biopolymers derived from 100 percent annually renewable resources with performance and economics that compete with oil-based plastics and fibers. The production of these biopolymers uses less fossil fuel and emits fewer green-house gases than conventional polymers. The company applies its proprietary technology to process natural plant sugars to make Ingeo biopolymer, which is then used uniquely to make and market finished products also under the Ingeo brand name. NatureWorks LLC is a joint venture between Cargill and Teijin Limited of Japan.

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Ingeo, ingenious materials made from plants not oil.

Ingeo and the Ingeo logo are trademarks or registered trademarks of NatureWorks LLC in the USA and other countries.

For Editorial Information

North America / Latin America

 Steve Sterling

Europe
 Steve Sterling

Asia Pacific
 Pauline Ning

Japan
 Daisuke Takabatake

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