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Stock impact report

Loop Industries Reports First Quarter Fiscal 2025 Results and Provides Update on Commercialization Plans [Yahoo! Finance]

Loop Industries, Inc. (LOOP) 
US:NASDAQ Investor Relations: loopindustries.com/en/investors/home
Company Research Source: Yahoo! Finance
MONTREAL, QC / ACCESSWIRE / July 15, 2024 / Loop Industries, Inc. (Nasdaq:LOOP) (the "Company," "Loop," "we," "us," or "our"), a clean technology company whose mission is to accelerate a circular plastics economy by manufacturing 100% recycled polyethylene terephthalate ("PET") plastic and polyester fiber, today provided an update on its activities and reported its consolidated financial results for the first quarter for fiscal year 2025. Commercialization Update Loop and its joint venture partner, Ester Industries Ltd. ("Ester"), continue to make significant progress towards the planned Infinite Loop™ manufacturing facility in India. The joint venture has identified an abundance of low-cost polyester fiber waste from the textile industry in India, which we believe will enable Loop to sell polyester to its customers in need of a solution for textile-to-textile recycling. We have begun the process of securing offtake agreements with our global customers for the Infinite Loop™ Indi Show less Read more
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