Cereplast and Sezersan Enter into Agreement to Bring Bio-Based Twist Film Packaging to the European Marketplace for the First Time
Cereplast, Inc. (NASDAQ: CERP), a leading manufacturer of proprietary bio-based, compostable and sustainable plastics, announced today that it has partnered with Sezersan Ambalaj (Sezersan), a subsidiary of Asc Group in Turkey, to produce bio twist films made from Cereplast Compostables(R) resins. The first-of-its-kind, patented product will serve as wrap packaging for a variety of food products distributed throughout Europe.
The Sezersan bio twist film will be manufactured using Cereplast Compostables(R) 7003 bio resin, designed to provide high strength, toughness and process ability for products. Under the terms of the multi-million dollar agreement, Cereplast will begin monthly shipments of 100 to 150 metric tons of bio resin in December 2010. The new bio twist film has substantial form memory capability (dead-fold behavior) and is heat sealable. The film is also thinner than other twistable product and may be made into opaque or semi-transparent, film-like material. The bio twist film will be used as packaging for a variety of brands in the food industry in Europe.
"We are honored to partner with Sezersan and be the first to market with bio twist films which offer an environmentally sound alternative for their clients' packaging needs," said Frederic Scheer, Founder, Chairman and CEO of Cereplast, Inc. "Companies are increasingly looking at bio-plastics as an alternative to petroleum-sourced plastics in order to meet growing consumer and industrial demand for economically and ecologically sound, 'green' products."
"Cereplast bio resins will help us cater to consumer demand for an environmentally sound substitute for petroleum-based plastic packaging," said Mehmet Asc , President and CEO of Asc Group. "As one of the largest twist film producing companies in Europe, we are committed to listening to the concerns of our clients and to finding ways to improve our product offerings. Cereplast resin allows us to provide an environmentally intelligent alternative to traditional plastic products, helping to make the world a healthier place. We are excited to be the very first to offer this solution in our robust industry."
Cereplast, Inc. is actively producing bioplastic resins for use in products including tableware, cutlery, toys, healthcare and hygiene products, bottles and containers, bags, packaging, gift cards, printed displays, straws, pipes, conduits, and many other applications. This year, Cereplast is on track to ship 16 million pounds of bio-plastic resins to customers around the world, an increase of 400% from last year, in response to surging consumer and industrial demand for economically and ecologically sound, "green" products.
About Cereplast, Inc.
Cereplast, Inc. (NASDAQ: CERP) designs and manufactures proprietary bio-based, sustainable plastics which are used as substitutes for petroleum-based plastics in all major converting processes - such as injection molding, thermoforming, blow molding and extrusions - at a pricing structure that is competitive with petroleum-based plastics. On the cutting-edge of bio-based plastic material development, Cereplast now offers resins to meet a variety of customer demands. Cereplast Compostables(R) Resins are ideally suited for single use applications where high bio-based content and compostability are advantageous, especially in the food service industry. Cereplast Hybrid Resins(R) combine high bio-based content with the durability and endurance of traditional plastic, making them ideal for applications in industries such as automotive, consumer electronics and packaging. Learn more at www.cereplast.com.