DALLAS – BeaconEquity.com announces the publication of ‘Cereplast, Inc. (CERP) Supplies Quickpoint with Bioplastic Resin for Coffee Mugs’
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Cereplast, Inc. (CERP) Supplies Quickpoint with Bioplastic Resin for Coffee Mugs
The global plastics industry is estimated at 250 million tons and is growing 5% annually. According to BCC Research, the global market for bio-plastics was 541 million pounds in 2007 (0.25 million tons) and is expected to expand 17.3% annually and exceed 1.2 billion pounds (0.55 million tons) by 2012. Cereplast, Inc. (CERP), a bio-plastics manufacturing company, 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.
With the rapid evolution of bio-plastics technology and rising bio-plastics demand, production and cost-efficiencies are helping reduce bio-plastics prices to levels comparable to petroleum-based plastics. Cereplast, Inc. positions itself strategically in the industry. During the fourth quarter of 2006, the Company shifted its focus from selling finished products made from bio-based resins to manufacturing and selling bio-based resins. As of September 30, 2007, CERP and its converting partner had successfully introduced a total of 57 bio-based products. Gross sales reached a record $1.6 million in the first nine months of 2007, a 258% increase over the comparable 2006 period.
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