Ester Industries Limited has informed the Exchange regarding a press release dated November 10, 2025, titled "Ester Industries Ltd., Through Its JV With Loop Industries, To Supply Sustainable Materials To Nike Under A Multi Year Off-Take Agreement".
ESTER · price
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Ester Industries, through its joint venture with Loop Industries, has secured a multi-year off-take agreement with Nike to supply sustainable materials. This partnership positions Ester to tap into Nike's global supply chain for eco-friendly products. The deal strengthens the company's foothold in the circular economy and recycled materials space. It marks a significant commercial validation of Ester Industries' JV with Loop Industries, a company specializing in plastic recycling technology.
Positive for shareholders — securing a marquee global customer like Nike provides revenue visibility and validates the JV's business model, likely boosting investor confidence in the company's sustainability-focused growth strategy.