Hong Yuan Holding Group (HGYN)

[Ricky J]

Here is a very good read on this plastic bag ban.

http://www.dailymail.co.uk/news/article-2333059/Plastic-bags-hypocrisy-How-ministers-use-EU-law-block-ban-Italy--backing-efforts-reduce-bags-here.html?ito=feeds-newsxml

Big Govt steps in.

And I have read the most successful at banning plastic bags was not even banning them at all. Put a large tax on them and the use of them dropped by 95% Read on.....

In fact, the world’s most efficient bag ban did not involve a “bag ban” at all, but instead, a “bag levy”. Introduced in Ireland in 2002, the law initially saw customers charged 15 euro centimes per plastic bag. Within weeks, plastic bag use had fallen by 95%, and 90% of shoppers were using their own bags. Today, a bag costs 22 euro centimes, and the scheme has generated €166m for the government’s Environment Fund. Encouraging shoppers to provide their own bag, rather than offering them a paper one, makes disposable bags in any form, a thing of the past.
(Last paragraph in this article.)

http://www.france24.com/en/20130103-2013-plastic-bag-ban-mauritania-mali

So all this hype about this bag ban is simply that hype.

What cereplast needs to do is "Steal" accounts or take them over from other suppliers as they move out of the market. Not easy in the plastics industry.