Update

• For the purpose of business development in the USA, Cormo AG has founded the Joint Venture Cormo USA Inc, in December 2019. Cormo USA was granted in incentive package of 8 Mio US$ and currently builds a first industrial production site in Rushville / Indiana. Objectives are the market introduction of the Cormo products in spring 2020 and the gradual realization of a production capacity of 2 Mio m³ per year. 

• Cormo has concluded a cooperation agreement with the Dutch plant supplier Mush. Comb. BV (www.mushcomb.com), for supply of the Cormo-process for production of TEFA and BABS from corn straw. Cormo and its partners and customers will benefit from the expercience and global position of Mushcomb as supplier of equipment and production lines to the mushroom industry. Cormo holds all licensing rights of the technology and will be supported by Mushcomb in the industrial process supply. 

• The last rials with CTICH for scientific and industrial validation of TEFA casing soil have produced shiny white mushroom at 10% higher yield, compared to the standard black peat based casing! The first trials with CTICH have been published in Mushroom Business (issue May 2019), now we have produced a video on the cooperation with CTICH and the last trials (for download under „TEFA casing soil“).

• Cormo newly developed the products BABS-bricks & panels, produced first series of samples thereof and had them tested externally. These bricks & panels support low-cost sustainable and comfortable housing, also in southern countries where buildings are not insulated today, for cost reasons. We expect that this product line strengthens our product package and position as a licensee. A related presentation can be downloaded under „BABS-bricks & panels“.