Papyrus Australia Ltd (AU:PPY) has released an update.
Papyrus Australia Ltd has embarked on an exciting joint venture with Vietnam’s Thanh Dung Co to transform banana plantation agriwaste into moulded fibre packaging, marking a significant expansion of their innovative technology. The company also strengthened its board with the appointment of two experienced non-executive directors, enhancing its strategic growth capabilities. Additionally, Papyrus received a $332k tax refund for its R&D efforts, bolstering its financial position.
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