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SECOS GROUP LTD - Corporate Spotlight

SECOS Group Limited is a leader in sustainable packaging. It develops, manufactures and... SECOS Group Limited is a leader in sustainable packaging. It develops, manufactures and markets its proprietary high quality cast films and patented renewable resource-based materials and finished products derived from its proprietary technology for the global packaging and plastic products markets.More

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Corporate Spotlight

SECOS Group Limited is a leader in sustainable packaging. It develops, manufactures and markets its proprietary high quality cast films and patented renewable resource-based materials and finished products derived from its proprietary technology for the global packaging and plastic products markets.
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Secos Group and The Market Herald Dealroom (2)

VIDEO

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Secos Group and The Market Herald Dealroom Interview (2) - September 2020



Secos Group and The Market Herald Dealroom Interview - September 2020



Investor Updates with Secos Group, August 2020



Investor Updates with Secos Group, July 2020


SES Secures Significant Supply Contract

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SECOS Secures Significant Supply Contract

ASX Release 10th August 2020


Highlights:

  • SECOS secures a significant strategic supply contract with leading United States pet supply company, JC USA Inc a wholly owned subsidiary of Jewett-Cameron Trading Company Limited (NASDAQ Code: JCTCF “Jewett-Cameron”). The contract is for the supply of compostable pet waste bags made from CardiaTM proprietary biopolymer resins.

  • The contract and initial orders support sales of circa $3m annually, with upside potential as Jewett-Cameron grows its market reach and consequent compostable pet waste bag sales.

  • The pet waste bags will be branded under Jewett-Cameron’s pet retail brand and distributed through a number of leading American and International big box stores, retail chains and key eCommerce partners.

  • There are over 89 million dogs in the USA1 and a similar number in Western Europe. Pet owners are becoming more focused on environmentally friendly ways to manage their pet’s waste and reduce the use of conventional plastic bags and eliminate micro plastic pollution.


Sustainable and eco-friendly bioplastics developer SECOS Group Limited (ASX:SES “the Company”) is pleased to advise that it has secured a strategic supply agreement with JC USA Inc a wholly owned subsidiary of Jewett Cameron Company Limited (NASDAQ: JCTCF “Jewett-Cameron”) for the supply of certified compostable pet waste bags. The company will implement an entire branding program revolving around the sustainable benefits of compostable bags.


The bags will be made from SECOS’ CardiaTM proprietary bio-resins and films and distributed throughout leading American and International big box stores, retail chains and eCommerce partners.


The strategic supply agreement is valued at circa $3m annually with both parties committed to grow the business and enhance volumes in the years ahead. The agreement includes standard industry terms and conditions and is aimed to ensure both parties can grow market share in this category.


Read the full ASX Release Here


Material improvement in FY20 results

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SECOS Achieves Material Improvement in FY20 Results

ASX Release 13th August 2020


Highlights:

  • SECOS anticipates a significantly improved profit/loss position for the year ended 30 June 2020, with net loss for the full year down 71.5% to $1.2 million (unaudited)

  • SECOS achieved positive EBITDA in the second half, with a net loss of less than $0.1 million

  • Financial improvement driven by growing demand for the Company’s biodegradable products, significantly increased plant utilization, lower interest costs, and operational and manufacturing efficiencies

  • Significant new biopolymer contracts, increased biopolymer pipeline, product mix, improved efficiencies, and a continued focus on costs positions SECOS to grow margins and profits during FY21


In accordance with ASX Listing Rules 3.1, the Board of Sustainable and eco-friendly bioplastics developer, SECOS Group Limited (ASX:SES “the Company”) is pleased to advise of material improvements in results for the fiscal year ending 30 June 2020 with a strong run rate going into 2021.


Headline numbers, based on management accounts, are subject to the completion of year- end audit:



Read the full ASX Release Here

SECOS WINS NEW COUNCIL BUSINESS

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SECOS Wins City of Melville Compostable Bags Contract valued at more than $600,000

ASX Release 25th May 2020


Highlights:

  • City of Melville awards compostable bag contract valued at more than $600,000 p.a. with annual renewal options over the next three years

  • Penrith City Council extends supply contract of compostable bags

  • Currently over $2 million p.a. in new council compostable bag tenders are issued

    pending finalization


Sustainable and eco-friendly bioplastics developer SECOS Group Limited (ASX: SES, “the Company”) is pleased to advise that it has won a significant sales agreement to supply compostable bags to City Councils.


The contract with the City of Melville is to supply over 42,000 homes with compostable kitchen tidy bags to facilitate food waste diversion from landfills. This is part of the Australian Councils’ Food Organics and Garden Organics (“FOGO”) program. SECOS continues to see Biopolymer Bag sales growth resulting from the roll out of city council FOGO initiatives. 


Council led FOGO programs are intended to divert millions of tons of organic food and garden waste from landfill to be repurposed as compost for land and soil enrichment across the county. SECOS’ role in supplying compostable bags facilitates household diversion of food waste to green bin collections so both the bag and food waste can be composted back into the environment. The take up by councils and households in the use of SECOS’ compostable bag range provides strong evidence of the quality, price and performance of the Company’s product’s in this category.


The FOGO contract with Penrith City Council is the largest active waste diversion program amongst Australian city councils and SECOS has been supplying Penrith City Council for some time already. SECOS has been granted an extension to this contract which will take it through to year end. Penrith’s FOGO program has achieved over $10 million in savings for rate payers over ten years attributed to FOGO. On average, 30,000 tons of organic waste is being diverted each year from this council alone.


The current success with City of Melville and Penrith City Council adds to earlier wins for the supply of certified compostable bags to Surf Coast Shire and Mildura Rural City Council won during the first half of 2020. In total, SECOS supplies over 30 city councils in Australia.


SECOS CEO, Ian Stacey, said:

“We are seeing more Councils rolling out additional bin services to collect glass and organics in response to the ongoing recycle crisis. At the same time Councils are taking the opportunity to adopt FOGO schemes which utilize the purchase and roll out of Compostable bags to capture and divert food waste to organic or green bin waste streams.


Diverting organic waste away from landfill reduces Council land-fill fees and significantly cuts the release of methane gas produced when food is left to decompose in landfill instead of being diverted to mulch. Research indicates methane is 23 times more harmful than carbon dioxide as a greenhouse gas. 


The significant cost savings to Councils together with the reduction in greenhouse gases offers a compelling case to support the introduction of compostable bags and the diversion of organic waste from landfill.

“SECOS’ products help to divert food waste away from landfill into composting facilities, thus returning the nutrient value of food waste to the soil to produce more food supporting the circular economy.


At every opportunity, SECOS is looking to find innovative ways to reduce the ecological impact of the way we live on the planet. After all, SECOS got its name from striving to deliver Sustainable ECOlogical Solutions.”


SECOS expects to see continued growth in the waste management market both locally and globally as local councils and governments strive to implement organic waste diversion programs aimed at providing significant economic and environmental benefits.


Read the full ASX Release Here

ABOUT SECOS GROUP

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ABOUT SECOS GROUP

Visit Secos Group's Website Here


SECOS Group Limited is a leader in sustainable packaging and was formed through the merger of Cardia Bioplastics and Stellar Films Group in April 2015. It develops, manufactures and markets its proprietary high quality cast films and patented renewable resource-based materials and finished products derived from its proprietary technology for the global packaging and plastic products industries.


The company holds a strong patent portfolio and its growth is fuelled by the global trend towards sustainable packaging. The company Headquarters and Global Application Development Centre is in Melbourne, Australia.


SECOS has a Product Development Centre and manufacturing plants for resins and finished products in Malaysia and China as well as high quality cast films plant in Malaysia.


SECOS has sales offices in Australia, Malaysia, China, USA, and a network of leading distributors across the Americas, Asia and Europe


OUR PARTNERS


Cardia Bioplastics

Cardia Bioplastics develops, manufactures and markets its patented renewable resource based materials and finished products derived from Cardia’s proprietary technology for the global packaging and plastic products industries.


The company holds a strong patent portfolio and its growth is fueled by the global trend towards sustainable packaging.


Established in Australia in 2002 as Biograde, the company Headquarters and Global Applications Development Centre is in Melbourne, Australia. The Product Development Centre and manufacturing plant for resins and finished goods is in Nanjing, China.


There are Cardia Bioplastics offices in Australia, China, USA, and Malaysia, and a network of leading distributors across the Americas, Asia and Europe.



Stellar Films

Manufacturers and suppliers of the finest quality films available anywhere in the world.


Stellar Films Group heritage in manufacturing quality cast embossed films spans over 25 years with manufacturing facilities in Malaysia.


We work in partnership with our customers in over 25 countries throughout Oceania, Asia, Europe the Middle East, Africa & North America.


Our goal is to provide our customers with the finest quality films that fully meets their needs


Discover more on Secos Group Here

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