Major Corporations Using Cereplast Bio-Plastic Resins to Meet Their Sustainable Packaging Needs

Tue Nov 3, 2009 6:00am EST
 
[-] Text [+]
Early Adopters Include Georgia Pacific, Bunge, Dorel Juvenile, Pace, Innoware,
Genpak and Solo Cup
HAWTHORNE, Calif.--(Business Wire)--
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. 

"We are finding strong support from large, multi-national companies involved in
packaging design, manufacture and distribution," commented Mr. Frederic Scheer,
Founder, Chairman and CEO of Cereplast, Inc. "The consumer is demanding
alternatives, and the cost to manufacture with Cereplast`s proprietary resins
are competitive with traditional, fossil fuel-based plastics." 

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



Copyright Business Wire 2009

 

Featured Broker sponsored link

Editor's Choice

A selection of our best photos from the past 24 hours.  Slideshow 

Most Popular on Reuters

  • Articles
  • Video