Myeco Group Ltd
AASX:MCO0.02
AUD
0.00
(0.00%)
Myeco Group Ltd
ASX:MCO
(Australian Securities Exchange)
Recent
price
0.02
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.- Similar Companies
- Business
- Myeco Group Ltd, a manufacturer and supplier of sustainable packaging materials, provides a comprehensive range of biodegradable and compostable resins, films, and finished packaging products to a blue-chip global customer base, with operations spanning Oceanic regions, Asia, Europe, the United States, and Africa. The company, headquartered in Notting Hill, Australia, is structured to integrate resin production with downstream packaging solutions and bespoke compostable material development, serving multiple industry segments including consumer goods, food service, and industrial packaging. Main products and services - Biodegradable and compostable resins: proprietary resin formulations designed for compostability and compatibility with flexible packaging and film applications; supplier of resin inputs for downstream packaging products. - Polyethylene films: production and distribution of cast films used in barrier and consumer packaging applications. - Packaging materials: a broad portfolio of sustainable packaging solutions, including bags, wraps, and related packaging formats for retail and industrial use. - Finished packaging products: turnkey packaging solutions leveraging proprietary resins and films to deliver ready-to-use packaging formats. - Custom development: bespoke compostable solutions tailored to specific applications and customer specifications, including customization of resin formulations and film structures to meet performance and regulatory needs. Latest major company changes - Rebranding and corporate restructuring: previously SECOS Group Limited, the company changes its name to Myeco Group Ltd in November 2024 to reflect expanded sustainability focus and broadening product portfolio. - Strategic expansions and partnerships: engages in partnerships and alliances to expand distribution of compostable shopping bags via major global distributors (Australia), and pursues geographic expansion including entry into new markets to mitigate tariff exposure (notably expanding a presence in Mexico with U.S. tariff considerations addressed). - Leadership and governance updates: appoints senior leadership to drive growth (including chief executive officer, chief growth officer, and chief operations officer) to support scale, efficiency gains, and market penetration. - Operational optimization: implements full cost-savings from a strategic operational restructure in fiscal year 2026, aimed at strengthening margins and supporting broader market expansion. - Product introductions: launches white-label compostable shopping bag offerings in Australia through major distributors, expanding product reach and accelerating adoption in retail channels. Industry and business context - Industry: sustainable packaging materials, biodegradable and compostable resins, and related film and packaging products. - Business segments: resin production, film manufacturing, packaging materials, and finished packaging products with a focus on sustainability. - Target markets: blue-chip multinational customers across Oceanic, Asia, North America, Europe, and Africa, spanning retail, consumer packaged goods, and industrial sectors. - Geographic footprint: headquarters in Notting Hill, Australia; operations and customers across Australia, New Zealand, Asia-Pacific, North America, Europe, and Africa. - Corporate relationships: operates as a standalone entity with a global supplier-customer network; maintains parent or affiliated relationships through corporate branding and strategic partnerships. Founding year and headquarters - Founded: 1990s (as SECOS Group Limited; name changed to Myeco Group Ltd in 2024). - Headquarters: Notting Hill, Victoria, Australia (Notting Hill is the address referenced in corporate descriptions).