PolyQuest, Incorporated announces expansion into Europe

Wilmington, NC: PolyQuest, Inc. announced today the expansion of their PET distribution business into Europe. As North America's largest distributor of PET resin, PolyQuest will now offer the same level of products and services to customers in the European Market.

With a portfolio of resins that rivals that of any major resin producer, PolyQuest can offer its customers a multitude of solid stated and amorphous PET resins that best suits their application. "Expanding our PET brokerage business into Europe was a very logical next step for our company to make" explains Tod Durst Executive Vice President of PolyQuest. "Many of our current North American customers have manufacturing facilities in European countries so the opportunity for us to add incremental value to their PET sourcing needs is readily available".

Gerhard Sabotnig, a veteran in the PET industry has joined the PolyQuest team and will serve as Commercial Director – Europe & Global Supply. PolyQuest has established their European Headquarters in Austria. Mr. Sabotnig details that "PolyQuest will enhance its position to provide our European customers with both domestic and global supply of PET along with complete logistical services including custom clearance, storage of safety stock inventory and deliveries direct to our customer's facilities". Mr. Durst goes on to say "establishing virgin PET distribution will be phase I of our expansion into this market. Our commitment to providing a sustainable feedstock to our customers is proven in North America as we are a large recycler and seller of both rPET flake and rPET resin. As such, we will continue to evaluate opportunities to further expand our capabilities to offer recycled PET products in Europe at a future date".