New collaboration announcement with Kaset Thai International Sugar Corporation (KTIS)

Kaset Thai International Sugar Corporation (KTIS), Thailand vertically integrated global leader in the sugarcane field/industry with one of the largest daily capacity worldwide in sugar, through its subsidiaries EPPCO and EPAC

And Matrix Pack, Global Leader and Innovative Solution Provider in the Fiber Packaging Industry, intend to work through a cooperative framework to become business partners in order to produce and offer to the market for their customers, plant based packaging products, in America, Asia and Europe.

The scope of cooperative framework portrayed the utilization of KTIS Group’s high capacity production facilities in Nakhon Sawan province, the first sugarcane biocomplex in Thailand and in near future full engagement of all the synergies will come from Matrix Pack’s worldwide activities in Drinking Straws and Wood Fiber Solutions. The preparation of framework depicts the positive outcome as both entities sees the significant potential from each entity. Both entities are working to prepare the execution of such framework.

Mr Parphan Siriviriyakul, CEO of KTIS group:

We are delighted that Matrix Pack Group shares the same goal and value in our eco-friendly bagasse packaging and straws business, leading to this exciting cooperative framework to bring these eco-friendly products to the global market. Matrix Pack’s expertise will be compatible with KTIS group’s supply chains as one of the largest capacity of sugar mill/day, the first sugarcane biocomplex, and the leader in bagasse fiber integrated business.

We sincerely hope that with this cooperative frame once executed will lead to mutual benefit for both entities and create the new value to global packaging industry.

Mr. Lyberis Polychronopoulos, President of Matrix Pack Group, stated:

From the framework that both entities created together, We are excited with the dynamic of the opportunity to service in large scale our emblematic customers on a worldwide range, with sustainable products that will secure their environmental goals in the rapidly changing packaging industry.

I would like to take this opportunity to thank personally Mr Parphan Siriviriyakul and KTIS Group Management for their intensive contribution to this project. I would also like to thank ROXCEL Trading for their extraordinary contribution to find and facilitate the framework of this project.

KTIS Group and Matrix Pack, will explore and design the framework together to help create a very better world by reducing the use of plastic and turning to eco-friendly products.