Appendix 4C 2019.09 lodgment

SECOS Expects Improved First Half Result

Highlights: Improved result expected for Half Year New City Council business awarded Changes in environmental awareness and renewables legislation continue to drive sales and increased customer engagement Sustainable and eco-friendly bioplastics developer SECOS Group Limited (ASX: SES, “SECOS” or “the Company”) is pleased to provide trading update. Based on unaudited accounts and subject to completion…

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SECOS launches new Home Compostable Biopolymer Resins

  • SECOS has added to its existing range of Compostable Biopolymer Resins through the introduction of a new certified Home Compostable resin for food and packaging applications.
  • The new resin formulation enables SECOS Biopolymer bags and film products to be composted by householders in their home-compost bin or via existing organic waste collection arrangements such as green bin waste.
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Update on Stellar Films Australian plant closure

Sustainable and eco-friendly bioplastics developer SECOS Group Limited (ASX: SES, “SECOS” or “the Company”) wishes to provide an update on the Company’s decision to cease its Australian film manufacturing operations announced on 19 November 2018.

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CEO Appointment and Corporate Costs Reduction

Highlights:

  • SECOS appoints international polymer executive and change manager, Ian Stacey, as CEO
  • Corporate costs review achieves $0.8 million in fixed overhead savings
  • New structure enhances support for business units and SECOS’ key customers • Business progress on track for stronger second half resulting from the completion of first half restructuring initiatives
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SECOS completes strategic review, resolves to cease its Australian film manufacturing operations

Highlights:

  • Following completion of its strategic review into its wholly owned subsidiary Stellar Films Australia (SFA), SECOS will commence the orderly cessation of its Australian film manufacturing operations.
  • The Company expects to achieve significant operating and overhead cost savings through transferring SFA customers to its Malaysian operations. Once this transition period has passed, SECOS expects to achieve an improvement to net profit after tax of more than $0.9 million per annum.
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