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Papyrus Australia Ltd ( (AU:PPY) ) has shared an announcement.
Papyrus Australia has executed a binding board production contract with a Vietnam-based paperboard manufacturer, satisfying the first milestone under its supply agreement with TBS Mining Solutions. Under this arrangement, Papyrus will ship banana fibre pulp from Australia to Vietnam, where it will be converted into paperboard jumbo rolls, enabling the company to concentrate on its core technology while leveraging external manufacturing capacity.
The contract includes two initial production trial runs before long-term pricing is agreed, and positions Papyrus to begin production needed to meet further TBS milestones, which it expects to achieve before any termination option arises. Papyrus has also engaged advisory firm Hall Chadwick to establish a high-volume production facility in Vietnam, a step seen as critical to building a scalable, compliant manufacturing base to fulfil TBS supply obligations and support the company’s broader commercialisation and global expansion plans.
More about Papyrus Australia Ltd
Papyrus Australia Ltd operates in the sustainable materials industry, using proprietary technology to convert agricultural waste, particularly banana fibre, into ready-to-use pulp and related fibre products. The company focuses on commercialising this technology through partnerships and outsourced manufacturing, targeting applications such as paperboard for industrial customers including the mining sector.
Average Trading Volume: 665,561
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$6.78M
For an in-depth examination of PPY stock, go to TipRanks’ Overview page.