Casey Container Corp secures first international order for biodegradable preforms.
M2 EQUITYBITES-December 9, 2010-Casey Container Corp secures first international order for biodegradable preforms(C)2010 M2 COMMUNICATIONS http://www.m2.com
Casey Container Corp (OTC.BB:CSEY), a manufacturer of biodegradable PET, HDPE and other plastic polymer preforms, bottles and containers, reported on Wednesday the receipt of its first international purchase order for biodegradable plastic bottle preforms, from a bottled water company based in the Island Nation of Grenada.
This represents the company's third order in less than two weeks and the combined orders are valued at USD3.2m in revenue over the first year.
Under the new agreement Casey will supply approximately 300,000 biodegradable preforms on a weekly basis over a one-year period for use in the manufacture of biodegradable plastic bottles. This order, along with previous preform orders from bottled water companies, brings the total production to 750,000 preforms each week.
Casey Container holds a licence to EcoPure, a second-generation proprietary and organic additive, which renders the plastic biodegradable when added to a resin used to produce plastic bottle preforms.
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|Publication:||M2 EquityBites (EQB)|
|Date:||Dec 9, 2010|
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