Constar International Inc. and Pepsi Sign a New Four Year Agreement

Constar International Inc. and Pepsi Sign a New Four Year AgreementPHILADELPHIAPA-CONSTAR-INTERNATIONAL PHILADELPHIA--(BUSINESS WIRE)-- Constar International Inc. (NASDAQ:CNST) today announced that it has executed a four year agreement for supply of PET packaging products to Pepsi. The agreement covers supply of both bottles and preforms for cold fill applications beginning on January 1, 2009. As expected, compared to the existing agreement, the new agreement provides for a reduction in total volumes with a mix shift towards fewer bottles and more preform volume. Constar's CEO, Michael Hoffman, commented, 'Pepsi is a key long term customer of Constar's. We are proud that they have again put their confidence in us as a critical supply chain partner. We believe that our negotiations have brought us to a mutually beneficial... [read full story]