Paychest Inc (PYCT)

[lloydm]

Poopscooper after this post I hope you have shares in PYCT. So lets begin.

To answer your question lets start with post #34936 and please mark this post!!

Melbourne’s Plantic Technologies is a company trying to commercialize a kind of cornstarch – based biodegradable plastic material, which they say will break down into carbon dioxide and sugar after contact with water in around an hour, says the Plantic’s managing chief and director, David MacInnes.

Plantic Technologies
http://www.packaging-gateway.com/projects/plantic-technologies-altona-melbourne-australia/
Plantic is 100% home compostable, fully biodegradable and water soluble. The material supports sealing, laser etching and printing. It is air and oil resistant. The product offers cost and environmental advantages in long-term.

Plantic was taken over by Kuraray TSE:KURRY
Kuraray was founded in 1926 for the purpose of commercializing synthetic rayon, which was cutting edge technology at the time. In 1950 during the post-World War II period, as Japan's first domestic producer of synthetic fiber based on original Japanese technologies, Kuraray became a world leader in the commercialization of PVA (poval) fiber under the KURALON brand, ushering in Japan's pioneering era in the chemical synthetic fiber industry.


Based on there Jan. to Jun. Earnings Presentation see Next-Generation Growth Model.

Kuraray Co. LTD
http://www.kuraray.co.jp/en/ir/library/pdf/explanation/150806_en.pdf
Next-Generation Growth Model
Acquisition of Australia-based Plantic Technologies Limited
? Aiming for full-scale expansion into bio-based barrier materials

My assumption is XINPRO is getting film material from Kuraray/Plantic.