Cereplast Opens Corporate Office in India to Support South Asian Bioplastic
Market Growth Initiative
EL SEGUNDO, Calif., Aug 28, 2012 (GlobeNewswire via COMTEX) -- Cereplast, Inc.
(CERP), a leading manufacturer of proprietary biobased, sustainable bioplastics,
announced today that it has opened a corporate office in Hyderabad, capital of
the Indian state Andhra Pradesh, to service its partners in South Asia.
The new office will provide a direct pipeline between its South Asian partners
and Cereplast's US headquarters to streamline communication between all parties.
The suite of services offered will include technical support, marketing support
and business development. The office is located within the offices of A.R.M.Y
Marketing Services Ltd., Cereplast's partner in India, at Flat No: 301, House No:
3-6-322 Mahaveer House, Basheerbagh Hyderabad - 500029, Andhra Pradesh, India. Of
India's 28 states, Andhra Pradesh is the fourth largest state by area, and the
fifth largest by population.
Frederic Scheer, Chairman and CEO of Cereplast, stated, "We are excited by the
growth opportunities in South Asia, and are committed to supporting our expansion
in the region, particularly in India, with the opening of our corporate office.
We are pleased to be in close proximity to our partner A.R.M.Y. who has extensive
experience and built credibility in the marketplace. Working closely with
A.R.M.Y., who has an extensive marketing network, will provide us the ideal
platform to grow in the region."
Mr. Scheer continued, "India is the second most populated country in the world
with over 1.2 billion people. According to the National Geographic Greendex 2012
report, Indian consumers rank the highest overall as the most 'green' in the
world with 63% describing themselves as green; 33% are willing to pay more for
eco-friendly products, 49% avoid environmentally unfriendly products and 50% buy
eco-friendly products. This is a market with a rapidly growing demand for
bioplastic alternatives to conventional plastics, and we are poised to take
advantage of this opportunity." |
