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SECOS Group wins $1.5M order for compostable bags from Penrith City Council

Aiming to become the supplier of choice for Australian councils.
recycle sign
SECOS’ bags cut the release of methane gas

SECOS Group Ltd (ASX:SES) has secured a $1.5 million contract to supply compostable bags to Penrith City Council in New South Wales.

The Melbourne based company manufactures sustainable packaging materials through its subsidiary Cardia Bioplastics.

SECOS supplies biodegradable resins, packaging products and cast films to customers.

The company holds a strong patent portfolio and the global trend towards sustainable packaging has increased its FY17 revenue to $22 million.

SECOS is aiming to become the supplier of choice for Australian councils seeking to implement programs diverting organic food waste from landfills.

Diverting organic waste from landfill waste minimises councils’ rapidly-rising tipping fees.

SECOS’ compostable bags significantly cuts the release of methane gas from the landfills, which is 23 times more harmful than carbon dioxide as a greenhouse gas.

The company has a product development centre and manufacturing plant for resins and finished products in Nanjing, China.

Additionally, SECOS has manufacturing plants for cast films in Melbourne and Kuala Lumpur, Malaysia.

The company’s 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.

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SECOS Group Timeline

Newswire
May 06 2015

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