on Loop Industries, Inc. (NASDAQ:LOOP)
Loop Industries Welcomes Jeff Geygan to Board as GVIC Plans Stake Increase
Loop Industries, a pioneer in clean technology, has announced the appointment of Jeff Geygan, Chairman of Global Value Investment Corporation (GVIC), to its Board of Directors. This move supports the company's aim to scale its global operations.
GVIC has shown strong confidence in Loop's technology by planning to raise its ownership stake to 10%. This decision aligns with Loop's shift to commercial production in upcoming facilities in India and Europe.
Loop's founder, Daniel Solomita, emphasized the importance of Geygan's expertise as the company expands commercially. Geygan highlighted Loop's innovative technology and its significant role in tackling global challenges.
The company is working on a joint venture in India with Ester Industries, expanding European operations with Reed Societe Generale Group, and engaging global brands for product supply.
R. H.
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