In a press release, Biopack Environmental Solutions Inc. (OTCBB: BPAC) announced its entry into the South African market with an initial order of Biopack’s green colored fruit trays.
According to Gerald Lau, Chief Executive Officer of Biopack, “South Africa is an emerging market for sustainable packaging and one we have targeted for quite some time. South African consumers are continually demanding and expecting stronger sustainable packaging options. Biopack sees this initial order as a first step in an expansion strategy focusing on the fruit growers and processors of this growing economy. As we are witnessing with many countries around the globe, not only are consumers and corporations demanding socially responsible packaging, governments are pushing industries in that direction with both legislation and financial incentives.”