Biopack Environmental Solutions Inc. (OTCBB: BPAC), a leading designer, manufacturer, and supplier of 100% biodegradable packaging products, is pleased to announce the completion of its first order to the South African market. This initial order focuses on Biopack's green colored fruit trays.
In late 2008, after three years of drafting, the South African government introduced the National Environmental Management Waste Bill. In this bill South Africa set a national target to reduce the amount of 'Big 5' waste products (plastics, cans, paper, glass and tires) going to landfills by 70% by 2022, and to have plans in place to minimize and treat the remaining 30%. Along with this goal, the National Waste Management Bill will ensure that waste management is approached in an integrated way - from the point of generation to final disposal. Portions of the bill specifically deal with packaging and retailers and states that integrated waste management dictates waste generation must be examined at all phases of the product's life cycle, including packaging.
"South Africa is an emerging market for sustainable packaging and one we have targeted for quite some time. South African consumers are continually demanding and expecting stronger sustainable packaging options. Biopack sees this initial order as a first step in an expansion strategy focusing on the fruit growers and processors of this growing economy," stated Gerald Lau, CEO of Biopack. He adds "As we are witnessing with many countries around the globe, not only are consumers and corporations demanding socially responsible packaging, governments are pushing industries in that direction with both legislation and financial incentives."
About Biopack:
Biopack manufactures 100% biodegradable consumer packaging products from locally available sugar cane waste called Bagasse. Based in Hong Kong with manufacturing facilities in Jiangmen, China, Biopack has earned the "premium brand" label in the biodegradable packaging market in Europe. Distributed under the "Roots Biopack" trademark, Biopack's unique line of compostable packaging is sold in 12 European countries, North America, Hong Kong, Taiwan and South Africa. For investor inquiries and information about our comprehensive line of biodegradable packaging solutions, please visit our website at http://www.biopackenvironmental.com
