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Itaconix delivers first order to Croda International under expanded agreement

In October, the two companies added ZINADOR 35L to their existing supply deal for the ZINADOR 22L product line

Itaconix PLC - Itaconix PLC delivers first order to Croda International PLC

Itaconix PLC (LON:ITX) has announced the delivery of the first order of an odour control polymer to Croda International Plc (LON:CRDA) under a global supply agreement.

The polymers specialist said in a statement it has delivered the first order of ZINADOR 35L, which is a more concentrated version of its proprietary polymeric complex, to the FTSE 100 listed chemicals company.

READ: Itaconix surges as it begins trading on US OTCQB market

In October, Itaconix announced an expansion of an existing deal whereby Croda would pay US$60,000 to receive ZINDOR 35L, a water-soluble odour neutraliser, to the ZINADOR 22L product line order already agreed.

“The launch of ZINADOR 35L through our collaboration with Croda is a significant commercial milestone for us,” Itaconix chief executive John R. Shaw said in a release.

“I believe the performance and cost advantages available with ZINADOR 35L can generate new and broader use of our odour control polymers.”

Quick facts: Itaconix PLC

Price: 1.175 GBX

Market: LSE
Market Cap: £3.3 m

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