# 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.

- Type: New facility
- Announced: 2022-04-07
- Where: Taiwan, TWN
- Value: $6.00M
- Starts operating: 2023
- Status: announced
- Capacity: 7,560 tons of bagasse products per year
- Products: compostable foodservice products, bagasse products
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Karat Packaging](https://endata.com/companies/12969.md) (investor)
- [Happiness Moon](https://endata.com/companies/62176.md) (partner)
- [Green Earth Technology](https://endata.com/companies/62177.md) (partner)

## Sources

- [stocktitan.net](https://www.stocktitan.net/news/KRT/karat-packaging-enters-definitive-joint-venture-agreement-to-build-a1vtgfv81kto.html), 2022-04-07: "This initiative aims to enhance Karat's vertical integration and meet growing demand for compostable products."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.