11. Aug 2020

SECOS Secures Significant Supply Contract

SECOS Secures Significant Supply Contract

Sustainable and eco-friendly bioplastics developer SECOS Group Limited has announced that it has secured a strategic supply agreement with JC USA Inc a wholly owned subsidiary of Jewett Cameron Company Limited for the supply of certified compostable pet waste bags.

The company will implement an entire branding program revolving around the sustainable benefits of compostable bags.

The bags will be made from SECOS’ Cardia proprietary bio-resins and films and distributed throughout leading American and International big box stores, retail chains and eCommerce partners.

The strategic supply agreement is valued at circa $3m annually with both parties committed to grow the business and enhance volumes in the years ahead. The agreement includes standard industry terms and conditions and is aimed to ensure both parties can grow market share in this category.

“We continue to see large demand for compostable bag applications as brands and retailers move to replace single use oil-based plastics with renewable replacements such as Cardia compostable alternatives, said SECOS CEO Ian Stacey. "We look forward to working with Jewett-Cameron to enter other markets and engage in other activities where the expertise of both companies can be leveraged. Conventional plastic production is a major user of finite resources and contributor to CO2 emissions. Pet Owners around the world are acting on this concern through their purchasing power and our proven compostable technology is providing them with the perfect solution.”

“We are extremely excited to have SECOS Group as a strategic partner for the supply of the compostable pet poop bag range. We know our customers will appreciate the high quality and performance of SECOS’ compostable technology and we look forward to working with SECOS on other opportunities to reduce the use of conventional plastics,” concluded
JEWETT CAMERON president/CEO, Charlie Hopewell.

http://secosgroup.com.au

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