Hong Yuan Holding Group (HGYN)

[zuniger]

Hint

Cereplast to open office in Italy, close office in Germany, and move HQ to Indiana.

Opens office in Italy, what is the reason, probably more customers in Italy now and need better communication with customers.

The reason behind moving HQ to Indiana is because of this:

In a Feb. 6 phone interview, Scheer said that in 2012 Cereplast struggled with nonpayment or late payment from customers ranging from "younger, green companies" to older, established firms.
He added that Cereplast's 80 million-pound-capacity plant in Seymour, Ind. — its only global production site — now is being run only when the firm has orders to fill.

It means they have a lot of orders in place for them to actually do this shifting and the shifting is positive news.

GLTA