DCSX has approved the technical listing of 79,380,000 shares of Molpack Corporation Ltd. (DCSX Symbol: MLTD). The mandated Listing advisor is Eclipse Management B.V.
Molpack Corporation Ltd is a company incorporated under the Companies Act of Barbados on December 22 of 2006. Molpack Corporation (formerly Caribbean Packaging Company Ltd.) and its subsidiaries, have more than 50 years of experience in the molded pulp industry, contributing to the development of the agro-industrial poultry sector throughout the region. The group maintains manufacturing operations in Guatemala, Panama, the Dominican Republic, Colombia, Peru, Ecuador, and Honduras.
From recycled cellulose fibers material, the Company produces, packets of fully recyclable and biodegradable molded pulp, such as egg trays and egg cartons, fruit trays, and cup holders. The Company utilizes state-of-the-art technology and highly qualified personnel to respond efficiently from any of its plants to any of its clients. Also, supplied from these locations are the requirements of the aviculturists of El Salvador, Costa Rica, Nicaragua, and several Caribbean countries. The Company has penetrated the United States market with the sale of cup holder trays and the Mexican market with avocado trays and egg trays. The Corporation obtained molding machine technology licenses since its inception with Huhtamaki of Finland and Hartmann of Denmark, thus ensuring the best technology available in the industry.
The shares will be listed on the DCSX to provide share liquidity and value for the existing and future shareholders of the Company and to add to its profile and to demonstrate its commitment to the corporate governance principles embodied in the requirements of the exchange.
Further details about the company can be found on our Markets page under Equity Symbol MLTD.