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MYECO GROUP LTD — Capital/Financing Update 2018
Aug 6, 2018
65304_rns_2018-08-06_e4cf9615-9185-4458-8dad-c213ad41719c.pdf
Capital/Financing Update
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ASX RELEASE
7 August 2018
Malaysian Resin Plant Goes Live
The Board of sustainable and eco-friendly bioplastics developer SECOS Group Limited (ASX: SES, “the Company”) is pleased to announce that its new Malaysian resin plant has successfully gone live on 31 July 2018.
The Company has delivered initial production of SECOS resin to local customers and trials of the resin have been fully approved for commercial supply.
SECOS plans to ramp up production at the new facility over the coming months to meet growing demand for the Company’s proprietary resins while maintaining the highest levels of quality control.
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.
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 10,000 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, Europe, Asia, the Middle East, Africa and India.
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 6804 e: [email protected] www.secosgroup.com.au