Karat Packaging enters joint venture to build new factory in Taiwan for compostable products

Karat Packaging entered a definitive joint venture agreement with Happiness Moon to establish Green Earth Technology and build a new 180,000 square-foot factory in Taiwan. Karat will invest approximately $6 million for a 49% stake. The facility will produce 7,560 tons of bagasse products in 2023.

“This initiative aims to enhance Karat's vertical integration and meet growing demand for compostable products.”stocktitan.net

• 1 source
• stocktitan.netKarat Packaging Enters Definitive Joint Venture Agreement to Build New Factory in Taiwan for Manufacturing Compostable Foodservice Products | KRT Stock NewsKarat Packaging Inc.Apr 7, 2022

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