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For some time now SECOS Group plants and offices have adopted a series of preventative Coronavirus precautions to protect the wellbeing of our staff and company assets. As a global business with multiple plants, we remain well positioned to serve our customers around the world. Our staff and operations continue to deliver sales orders despite…
View the full article here on Stockhead Money Talks: Recycling is the ‘thematic of our time’, and these stocks are set to benefit
View the full article highlighting SECOS’ rise in the bioplastics market here on Next Tech Stock.
Chinese and Australian Officials Visit SECOS’ Chinese Operations in Show of Support For Bioplastics Producer
- Chinese and Australian key government stakeholders visit SECOS’ environmental bioplastics operations in Nanjing, China in a sign of support for the Group’s operations.
- SECOS’ recently appointed General Manager of Chinese operations, Mr Leo Lu, sees opportunities for further growth and investment with the Nanjing plant now running at high capacity utilisation.
- SECOS’ Chinese operations are key to the Company’s corporate strategy in meeting ongoing growth in international demand for compostable and biodegradable plastics.
Spain has received a final warning from the EU commission, advising the member state that it must implement EU rules on lightweight plastic carrier bags. If they do not, they will face infringement proceedings before the European Court of Justice. Read the full article by EUWID here
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Biodegradable and compostable plastics maker Secos Group says it is getting closer to achieving group profitability now that two of its three business units are operating profitably
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ASX RELEASE 12 November 2020 Highlights December quarter sales expected to be in the range between $7.3 to $7.8 million (subject to final shipping schedules) compared to September quarter sales of $5.8 million, an increase of 26% over previous quarter and 35% over the December quarter last year. SECOS successfully wins tender contract for existing…
Download the PDF ASX RELEASE 23 September 2020 SECOS Strategic Distribution Partner Delivers $1.5m Resin Orders Highlights: SECOS strategic distribution partner, ISOI Mexico has achieved initial commercial orders of over $1.5m in Cardia™ compostable resin for delivery to Latin American converters SECOS and ISOI signs exclusive strategic distribution agreement for the Latin American market after…
Download the PDF ASX RELEASE 9 September 2020 $15 Million Placement to Accelerate Production Expansion Sustainable and eco-friendly bioplastics developer SECOS Group Limited (ASX: SES) (“SECOS” or the “Company”) is pleased to announce that it has received firm commitments from institutions and sophisticated investors qualifying under s708 of the Corporations Act 2001 (Cth) to subscribe…
Download the PDF ASX RELEASE 13 August 2020 SECOS Achieves Material Improvement in FY20 Results 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…
Download the PDF ASX RELEASE 10 August 2020 SECOS Secures Significant Supply Contract 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…
Download the PDF ASX RELEASE 9 July 2020 Woolworths Selects SECOS Compostable Bag Range SECOS Group Limited (SES: ASX) (Company) is pleased to provide the market with an update on commercialisation activities. Highlights: Woolworths selects SECOS to supply two certified compostable bin liners into their stores – 8L Kitchen Caddy Bag and 36L Bin Liner.…
Download the PDF ASX RELEASE 22 May 2020 SECOS wins City Council business & quotes on significant new tender volumes Highlights: Substantial volume of tenders issued by Councils in response to recycle crisis and waste management imperatives, with a tender value exceeding $2 million. SECOS has won City of Melville and had an extension to…
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…
- 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.
SECOS has recently added to its existing range of Compostable Biopolymer Resins through the introduction of a new Certified Home Compostable resin for food and packaging applications.
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.
- 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
- 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.
- Experienced Director and business strategist Jim Walsh joins the SECOS Board
- Mr Walsh is founder and MD of corporate advisory firm Rathaney Consulting and is Chairman of private health fund GMHBA Ltd
- Previous diverse industrial senior finance roles with Godfrey Hirst Australia and AG Coombs
The Board of sustainable and eco-friendly bioplastics developer SECOS Group Limited (ASX: SES) (Company) announces that it has received commitments in relation to a private placement to sophisticated and professional investors of 15,179,597 Shares at an issue price of $0.062 per share raising approximately $1.2 million (Placement). Placement to be issued under ASX Listing Rule…
The Board of sustainable and eco-friendly bioplastics developer SECOS Group Limited (ASX: SES, “the Company”) announces that it is undertaking a strategic review of its wholly owned subsidiary, Stellar Films Australia (SFA), and SFA’s Australian cast film manufacturing assets (“Strategic Review”).
- SECOS appoints internationally experienced plastics industry veteran David Wake as Non-Executive Director
- Mr Wake brings a stellar track record of unlocking shareholder value and an ability to contribute to the Company’s global ambitions
- Mr Wake makes a $150,000 investment in the Company via a share placement to establish an initial director interest