Bunge, Other Corporations Among Early Adopters of Bio-Plastic Resins to Meet Sustainable Packaging Needs
Business Wire -- HAWTHORNE, CA -- November 3, 2009 -- Cereplast, Inc. (OTCBB: CERP), a leading manufacturer of proprietary bio-based, sustainable plastics, announced today that several major corporate customers are using the company’s bio-plastic resins to meet their sustainable packaging needs. Early adopters include Georgia Pacific, Bunge, Dorel Juvenile, Pace, Innoware, Genpak and Solo Cup.PAID ADVERTISEMENT
The company recently announced that Bunge Alimentaris, a Brazilian subsidiary of Bunge, Ltd. (NYSE: BG), had chosen Cereplast Compostables® resins for use in manufacturing margarine tubs for the Cyclus® line of containers distributed throughout Brazil. Bunge, Ltd. is a $49.5 billion dollar revenue company, with a presence in 30 countries.
Similarly, Georgia-Pacific chose Cereplast Compostables® for use in its line of Dixie EcoSmart beverage solutions. EcoSmart products are designed to allow operators to enhance their environmental stewardship position.
Dorel Juvenile Group, USA, a division of Dorel Industries, Inc. (TSX: DII.B, DII.A) has launched four products utilizing Cereplast Hybrid® resins, including bathtubs and step stools. In this case, Cereplast’s bio-plastic resins are replacing conventional oil-based polypropylene resins.
Mr. Scheer added, “We have been working diligently to produce what we feel are the finest bio-plastic resins in the marketplace. It’s rewarding to have our products validated by such well-known, major customers. These big players have the marketing and distribution muscle to quickly and affordably bring to the mass markets new products manufactured with our bio-plastic resins."
About Cereplast, Inc.
Cereplast, Inc. (OTCBB: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 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® 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.
Safe Harbor Statement
Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company.
IRTH Communications, LLC
Andrew W. Haag
Managing Partner
(310) 770-9661
http://www.irthcommunications.com
or
Cereplast, Inc.
Frederic Scheer, CEO
(310) 676-5000
Investor.relations@cereplast.com
Source: Cereplast, Inc.
Copyright Business Wire 2009
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