Braintree, Ma. LevelStock.com is pleased to announce to all of its members and investors information on Biopack Environmental Solutions Inc. (OTCBB: BPAC). The Company released news as follows:
Biopack Environmental Solutions Inc. (OTCBB: BPAC), a designer, manufacturer, and supplier of 100% biodegradable packaging products, today announced that the company has entered into discussions with Chinese local officials to expand its operations, with the development and construction of a new manufacturing facility in the Southern Chinese province of Guang Dong.
Located a short distance from Biopack’s current production operations, discussions are with the Jiangmen City Xinhui District Shuangshui Town Foreign Enterprise Liaison Office about the Guang Dong Yinzhou Lake Paper Base. This is an industrial park that covers over 24 square kilometers, and was specifically designed and developed with paper, cardboard, pulp and related products in mind.
The base provides its enterprises with electricity, water and heat through a nearby local power plant and “Has taken the steps to handle sewage and assure clean production in order to have access to joint supply of heat, electricity and highly efficient recycling of resources for its development into an industry intensive, energy saving, environmentally friendly and sustainable green paper base.” Environmentally evaluated and influenced by the Zhongshan University Institute of Environmental Science, the park has been approved by the Provincial Development and Reform Commission.
Of especial benefit to Biopack would be the power plants ability to provide quality steam at high pressure and affordable prices in an environmentally friendly manner. In addition, the power plant has a central water treatment facility, which could save a tremendous amount of money over Biopack’s current in house water treatment operations. Logistics and infrastructure are of the highest standards, and potential investments have strong government approval, support and incentives.
“As Biopack grows and develops, we are keenly aware of the need to look ahead in our production planning,” says Gerald Lau, CEO of Biopack. He continues, “The Guang Dong Yinzhou Lake Paper Base is an ideal place for Biopack to expand its operations as it is perfectly suited for our situation, and would allow us to continue with current production as we look to building even better, more efficient and environmentally friendly operations. We could realize tremendous cost savings and have the ability to plan for even higher production levels and significant growth. This is a truly exciting opportunity.”
About Biopack:
Biopack manufactures 100% biodegradable consumer packaging products from locally available sugar cane waste called Bagasse. Based in Hong Kong with manufacturing facilities in Jiangmen, China, Biopack has earned the “premium brand” label in the biodegradable packaging market in Europe. Distributed under the “Roots Biopack” trademark, Biopack’s unique line of compostable packaging is sold in 12 European countries, North America, Hong Kong, Taiwan and South Africa. For investor inquiries and information about our comprehensive line of biodegradable packaging solutions, please visit our website at http://www.biopackenvironmental.com
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All statements other than statements of historical fact that are included in this press release and that mention activities, events or developments that we believe may occur in the future are forward-looking statements. The use of words such as “anticipate,”
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