Boston, MA 12/13/2013 (wallstreetpr) – Cereplast Inc (OTCMKTS:CERP), the bioplastics company has been a long-time producer of resin-based plastics. The products are developed from proprietary knowledge and technology, helping CERP produce a wide-variety of eco-friendly consumable products as well as the raw materials to produce green plastic products.
In November the OTC-trading stock announced its results for nine-months. While announcing the results, the Chairman and the Chief Executive Officer, Mr. Frederic Scheer has said that the company had noted an annual growth in income.
Progressive European market
Cereplast Inc (OTCMKTS:CERP) has seen quick jump in growth especially in the last three to four years as European Commission continues to adopt more green laws. Of recent introduction are the non-virgin use plastic carry-bags. Most countries are expected to move to higher micron of thickness of plastic, if they continue to use plastic bags. Alternatives products, such as what CERP and competitors provide are able to help match the new laws.
Italy has been one of the first countries to adopt the new law for bio-degradable plastic bags.
France too has announced the move to bio-degradable plastic bags.
Cereplast Inc (OTCMKTS:CERP) has over its years of research and product development perfected the technology to introduced biological materials or pellets to plastic raw materials which will improve the degrading levels of the eventual product in which they are used.
CERP is expected to see higher growth as most of the European region will now move to bio-degradable products per se.
CERP has a strong-hold in US as well
CERP has for a long time now, set up over 30 projects across the North American continent as well. The total costs of the project in the continent are at $10 million each year.
CERP estimates that the US market alone would be in the region of $180 million for various types of bioplastic materials.