MBA Polymers receives funding.MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration Polymers Inc., based in Richmond, Calif., has secured $20 million in funding with the help of Doughty dough·ty adj. dough·ti·er, dough·ti·est Marked by stouthearted courage; brave. [Middle English, from Old English dohtig; see dheugh- in Indo-European roots. Hanson Technology Ventures and Benchmark Capital Benchmark Capital is a venture capital firm responsible for the early stage funding of some very successful startups, including eBay. In 1995, the firm invested $6.7 million in eBay, which became worth more than $5 billion by the spring of 1999 and resulted in one of Silicon . MBA will use its new funds to expand the number of factories it operates in Europe and Asia. MBA Polymers recovers plastics from complex scrap streams, including household appliances, computer and business equipment and automobiles. The company says it has perfected a process to recover and separate high-value plastics from each other and from residual waste. The result is less expensive plastics with a quality virtually indistinguishable from virgin resins, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the company. MBA says its processes require a fraction of the energy and natural resources of traditional plastics factories. "We are delighted to partner with two premier investment firms which have strong global networks," Mike Biddle, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of MBA, says. "We now have the financial strength to increase our position as the cleantech leader in recycling recycling, the process of recovering and reusing waste products—from household use, manufacturing, agriculture, and business—and thereby reducing their burden on the environment. engineering plastics and to continue to grow our business worldwide." Soren Hein of Doughty Hanson says, "MBA is a rare combination. It is both an important venture investment and a company which the entire industry wants to succeed because its technology is so worthwhile and unique." George Coetho of Benchmark Capital adds, "We believe that MBA has the potential to scale rapidly in a sector that is increasingly important in today's society. Our team at Benchmark looks forward to working closely with such an exciting company in this fast-advancing field." Hein and Coelho also have joined MBA's Polymers board of directors. |
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