Secos Group (ASX:SES) - Executive Chairman, Richard Tegoni
Executive Chairman, Richard Tegoni
Secos Group
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • Officeworks to sell SECOS (SES) compostable courier bags on its online digital store
  • An initial order has been received from Lectronic Supply Hub, who will manage SECOS MyEcoBag for Officeworks
  • The compostable bags are expected to be on sale within the next four to six weeks
  • On the market this afternoon, SECOS was up 5.17 per cent and is trading at 30.5 cents per share

Officeworks has agreed to sell SECOS (SES) as the supplier of certified compostable courier bags on its online digital store.

An initial order has been received from Lectronic Supply Hub, which will manage SECOS MyEcoBag, compostable courier bags, for Officeworks.

This deal follows on from the company’s recent success in supplying Veterans Canteen Services with MyEcoPet compostable bags in the USA and MyEcoBag range to Woolworths in Australia.

Volumes of the product will be subject to sales with the product expected to be available for sale within the next four to six weeks.

The compostable courier bags will be available in A4 and A3 sizes and will be sold in an individual compostable outer cover containing five compostable courier bags per pack.

Around 28 per cent of the world’s population shop online through digital channels with consumers and businesses are increasingly drawn towards sustainable packaging solutions.

Commenting on the news is SECOS Group CEO, Ian Stacey.

“SECOS participates across the value chain and sees this as a logical extension of SECOS’ branded offerings into an expanding retail market as we move up the value chain,” he said.

On the market this afternoon, SECOS was up 5.17 per cent and is trading at 30.5 cents per share at 12:13 pm AEDT.

SES by the numbers
More From The Market Online
The Market Online Video

Market Close: ASX holds green gains and signs off in the sunshine

The ASX200 closed .6 of a per cent up with every sector finishing in the green…
The Market Online Video

Infini Resources gearing up for UAV geophys survey over Portland Creek

Infini Resources has announced its execution of an application for UAV-based geophysical surveys over its Portland…

Week 18 Wrap: Fed prompts joy and pain; modern monetary theory gains traction & Brent takes a breather

The big stories that mattered in Week 18 of 2024 – plus a selection of headlines…