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SECOS Group (ASX:SES) launches 95pc recycled bin liner range

ASX News, Consumer
ASX:SES      MCAP $21.47M
20 February 2023 13:53 (AEST)

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Sustainable packaging manufacturer, SECOS Group (SES) has launched a 95 per cent recycled bin liner range.

The company’s new ‘MyEco’ bin liner range uses post-consumer soft plastics, certified as meeting global recycle standards.

SECOS claimed using post-consumer recyclables has a greater environmental benefit compared to pre-consumer recycled products that are made using manufacturing off-cuts.

The products will be produced at the company’s manufacturing plants in Asia, and then offered for sale as part of the group’s MyEco range of products. SES anticipates initial sales in quarter four of the 2023 financial year.

The new range includes multiple bag sizes and will be marketed in Australia and in the USA via SECOS’ exclusive distributor, Jewett Cameron Trading Company.

SECOS CEO Richard Tegoni believes the range will set a new standard for sustainability in the recycled soft plastic bag segment and provides a “genuine solution” to recycling soft plastics that has eluded much of the industry to date.

SES shares were up 4.9 per cent trading at 8.5 cents at 1:55 pm AEDT.

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