Sign up Australia
Proactive Investors - Run By Investors For Investors

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.

View full SES profile View Profile

SECOS Group Timeline

May 06 2015

Related Articles

Mexican flag
March 26 2018
PLCs in emerging markets no longer have to find someone to promote their company to overseas investors
Digital marketing
May 03 2018
Lots of marketing groups have pursued a 'buy and build' strategy and have become cumbersome as a result; Be Heard puts the emphasis on maintaining agility
November 14 2017
In the quarter, the power and electromechanical segment contributed revenues of $16.7 million,

No investment advice

The information on this Site is of a general nature only. It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions. You acknowledge and understand that neither the Company, its related bodies corporate, the information providers or their affiliates will advise you personally about the nature, potential value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter. You should read our FSG and any other relevant disclosure documents and if necessary seek persona advice prior to making any investment decision.

You understand and agree that no Content (as defined below) published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person.

You understand that in certain circumstances the Company, its related bodies corporate, the information providers or their affiliates may have received, or be entitled to receive, financial or other consideration in connection with promoting, and providing information about, certain entities on the Site and in communications otherwise provided to you.

You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate. From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Before you act on any general advice we provide, please consider whether it is appropriate for your personal circumstances.

© Proactive Investors 2018

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use