Hong Yuan Holding Group (HGYN)

[BigJuan]

Some Highlights


Cereplast has begun to sell its first Cereplast Hybrid Resins(R)application in India. This milestone follows the Company's opening of a corporate office in India to service its partners in South Asia and the appointment of a Technical Services Engineer to provide on-site services. Management visited India several times to assist with the marketing launch of our resin.

The same Cereplast Hybrid Resins(R) grade utilized for the safety helmet application was qualified by a large converter of S-B Polymers to make bioplastic buckets. This potential customer is one of three dedicated converters who manufacture buckets for a large consumer products company in India. This relationship has a projected demand of several thousand tons per month.

The Italian government has reinstated legislation calling for the ban of non-compostable resins. Management believes this legislation will be implemented by the end of 2012.

Several large supermarket chains have expressed an interest in Cereplast Compostables(R) resins for bags and orders have been made to test the product.

Cereplast successfully tested their Hybrid 101 product for fruit and vegetable shipping baskets. The addressable market for this application is several thousand tons per month.