Papyrus Australia Ltd (AU:PPY) has released an update.
Papyrus Australia Limited has inked two key contracts with the Egyptian Government, totaling $1.7m USD, to supply and install banana fibre packaging and fertilizer production lines using their innovative waste conversion technology. These agreements, which forecast potential annual revenue of $2.7m USD from product sales, underscore the company’s growth and commitment to sustainable industry practices. Papyrus’ expansion in Egypt aligns with the government’s strategy for sustainable development and is expected to revolutionize local manufacturing with eco-friendly solutions.
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