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MYECO GROUP LTD — Capital/Financing Update 2017
Nov 13, 2017
65304_rns_2017-11-13_3ad44672-2e5e-4c9a-89aa-e446e61ede78.pdf
Capital/Financing Update
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14th November 2017
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ASX RELEASE
Growing demand for bioplastics resins
Sustainable and eco-friendly bioplastics developer SECOS Group Limited (ASX: SES, “the Company”) is pleased to advise that further to receiving a $0.4 million resin order from EuroSME Sdn Bhd as announced yesterday, we have also received initial purchase orders valued at more than $50,000 from Velson Sdn Bhd who is another Malaysian based bag manufacturer.
For more information, please contact:
Richard Tegoni Executive Chairman +61 411 110 901 [email protected]
Tim Dohrmann
Investor and Media Enquiries +61 468 420 846 [email protected]
About SECOS Group Limited
SECOS Group Limited (ASX: SES) is a leading developer and manufacturer of sustainable packaging materials. Based in Melbourne, Australia, SECOS supplies its proprietary biodegradable resins, packaging products and high-quality cast films to a blue-chip global customer base.
SECOS holds a strong patent portfolio and the global trend toward sustainable packaging is fueling the Company’s growth, bringing FY17 revenue of $22 million.
The Company’s headquarters and Global Application Development Centre are based in Melbourne, Australia. SECOS has a Product Development Centre and manufacturing plant for resins and finished products in Nanjing, China, with manufacturing plants for high quality cast films in Melbourne and Kuala Lumpur, Malaysia. SECOS’ annual production capacity is 7,200 tonnes of bioplastic resins, 15,000 tonnes of cast film and 2,000 tonnes of blown film and finished products.
SECOS has sales offices in Australia, Malaysia, China and the US, with a network of leading distributors across the Americas, Asia and Europe.
SECOS Group Limited (ASX: SES) ACN 064 755 237 Level 2, Suite 6, 205-211 Forster Road Mount Waverley VIC 3149 Australia t: +613 8566 6805 e: [email protected] www.secosgroup.com.au