Origin Materials partners with LVMH, shares up
19/04/2022 12:57
** Shares of commodity chemical co ORGN.O up 2.4% at $6.84
premarket
** Co and LVMH Beauty, a unit of luxury group LVMH enter
into a partnership to develop sustainable low-carbon footprint
packaging for the perfumes and cosmetics industry
** LVMH has signed a multi-year agreement with ORGN to
purchase sustainable, carbon-negative PET (polyethylene
terephthalate) for use in packaging of its perfumes and
cosmetics urn:newsml:reuters.com:*:nBw5KcjT1a
** Stock up 3.6% YTD, as of last close
(Reporting by Eva Mathews in Bengaluru)
((Eva.Mathews@thomsonreuters.com;))