Safetek International, Inc. Enters $1 Billion Film Packaging Sector
With Eco-Friendly Food Film
BOCA RATON, Fla., Nov. 6, 2012 /PRNewswire/ -- Safetek
International, Inc. (Pink Sheets: SFIN), a manufacturer and
distributor of green technology and eco-friendly products,
announced today that its Food Film Division has commenced marketing
its new environmentally-friendly Safetek Professional
food service film packaging for meat, poultry, produce and frozen
foods to position the company as a leading supplier of 'green'
packaging products to the food retailing industry.
Commenting on Safetek's entry into the recyclable and non-toxic
food film packaging market in North America, Michael J.
Krantz, President of Safetek International, said, "We as a
company have completed a detailed market analysis of the
institutional food film market in North
America. Safetek will begin the initial rollout of the food
film packaging in January 2013. We
have placed an initial order for six 40 ft. shipping containers of
non-PVC Food Film with delivery dates starting in January. We have
scheduled delivery of one container per month through June 2013. Each 40 ft. container holds
approximately 4000 rolls of Food Film with each roll 5000 ft. in
length.
The expected wholesale prices range between $30-$60 USD per roll, depending on the film width
& gauge. The film will be shipped to the Boca Raton warehouse and will be a stock item
held in inventory for sale. Each container represents potential
revenue in excess of $120,000
USD.
Krantz continued, "We will also offer wholesale customers
pricing on 20 ft. and 40 ft. shipping containers that will be
dropped shipped directly to the commercial customers. The point of
origin of the Food Film is India
and Bahrain. Initial orders will
have a delivery in 90 days from the commercial customer depositing
the purchase order, and 60 days on reorders once in the
manufacturing production schedule."
Current PVC Food Packaging Market
Size
According to market studies conducted by the
Freedonia Group, the PVC food packaging market for film in
the USA is estimated to be 300-MM lbs. At an
average wholesale selling price of $1.50/lb. US, this represents a market of
$ 800 million annually.
Significantly, this number does not include the Food Service and
Retail markets. The market for PVC stretch film is segmented:
- Supermarket/Grocery: The largest
application is in the packaging individual cuts of red meat,
followed by poultry and seafood. Lesser applications are for baked
goods, produce and other food products. Certain vendors such
as Tyson Brands require printed film
as part of their branding, and accept paying a high premium
for printed film. Others choose to apply expensive adhesive backed
labels. Safetek will meet these specific requirements to penetrate
the institutional marketplace. According to Freedonia,
annual growth in the grocery segment is forecast to be 2%. The
non-toxic, non-PVC packaging segment is growing rapidly as more
food retailers adopt eco-friendly practices and standards.
- Food Service: This segment includes all
food service establishments, catering firms, restaurants, hotels,
hospitals and the like. The application is for wrapping of foods
such as sandwiches, salads, airline servings of food and wrapping
of foods for future use. Again, more and more food service
establishments are joining the "green" movement towards recyclable
and non-toxic packaging and are incorporating this "earth-friendly"
message in their corporate image marketing.
- Retail: This is a home use
application for protection of foods and for microwave lidding. This
product is sold exclusively in cutterbox dispensers in various
lengths of up to 200 feet.
About Safetek's Food Film Packaging
Food Wrap Cling Film Polyethylene (PE) – the base material used
in the manufacture of Safetek's food film packaging is a simple
structure polymer that places the least eco-strain on the
environment. PE disintegrates in a given time period and, when
annihilated, it burns to hydrogen & carbon with no residual
polluting side effects. PE is slowly replacing conventional PVC
films, since PVC contains toxic plasticizers (such as phthalates),
stabilizers containing dangerous heavy metals (such as lead),
fungicides and other toxic substances
Advantages of Safetek's food film over
conventional PVC cling film are:
- Conforms to food contact regulations
- Harmless. 100% non-toxic and hypo-allergenic
- Recyclable: 100% recyclable and Eco-friendly
- More economical than PVC, lower density of LLDPE than PVC
- 30% less material used in manufacturing PE than PVC
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the company's e-mail database for future press releases and
industry updates by sending an e-mail to
info@safetekinternational.com
About Safetek International, Inc.
(www.SafetekInternational.com)
Safetek International, Inc. is a holding company (Pink Sheets:
SFIN) engaged in developing commercial opportunities in the
organic, bio-degradable, zero carbon footprint or other "green"
technology market sectors.
The company's mission is to provide consumers and institutions
with affordable high-quality, high-utility products which
accommodate the growing public awareness of green issues and
exploding demand for zero-carbon-footprint, earth-friendly goods
and services.
Forward-Looking Statements
This press release may include forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. These
statements are based on the Company's current expectations as to
future events. However, the forward-looking events and
circumstances discussed in this press release might not occur, and
actual results could differ materially from those anticipated or
implied in the forward-looking statements
Michael J. Krantz, Esq.
President
Safetek International, Inc.
Email: info@SafetekInternational.com
SOURCE Safetek International, Inc.