W-Cycle, a company specializing in developing fiberbased, biodegradable and compostable food containers and Melhoramentos - a listed company that owns publishing companies, renewable forestry and real estate businesses – have signed a partnership agreement in which W-Cycle will provide consulting and R&D services to find new applications for the high-yield pulp fiber Melhoramentos manufactures. The contract will initially run for two years and is estimated to be worth $370K. Melhoramentos has recently established a Strategy and New Business department headed by Carolina Alcoforado (who will step down from her position as COO to take up the new post). The department will be responsible for new business, innovation, operational excellence, and real estate development.
“We believe in partnerships that support our vision to drive growth for a better tomorrow. WCycle’s knowledge will help accelerate our innovation projects and diversify our portfolio based on the high-yield fiber” said Carolina Alcoforado, Director of Melhoramentos’ Strategy and New Business department. “W-Cycle sees this partnership more than merely a business partnership but a perfect synergy between the company’s innovative solutions and endeavors to keep this planet clean and Melhoramentos’ capacities and abilities to upscale the production of these solutions” says, Isaac Rome, CEO of W-Cycle. “We truly believe that the companies’ mutual goals will drive a better tomorrow, sooner.”
For further information, please visit: www.melhoramentos.com.br.