ST GEORGE Day Trading 22 July Pre Market

Range International (ASX:RAN) has its debut 11am AEST today. Should be a good show

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Morgans is Lead Manager and Underwriter to the Initial Public Offer of Range International Limited
About Range International:
Range is a manufacturer of plastic pallets. It has developed the ThermoFusion™ technology that allows it to make plastic pallets from 100% recycled mixed waste plastic at a price that is competitive with wood pallets.
It currently has two production lines operating at its factory in Indonesia and sells its pallets under the brand Re>Pal™. With the additional funds raised through the Offer, Range intends to scale up its operations in Indonesia. In the medium term, the Company’s goal is to establish a global production footprint and sales distribution network.
Investment Highlights:
Re>Pal™ pallets: an environmentally sustainable product, designed to meet the unmet needs of pallet customers

Re>Pal™ pallets are made entirely from recycled waste plastic and are cost competitive, safe, strong, durable and export ready.

The global pallet market: large and growing

The global market for sales of new pallets is expected to exceed $50 billion per annum in 2017.

Asia Pacific is the fastest growing regional consumer with pallet sales forecast to increase at an annual rate of 9.1% for the period 2012-2017, reaching 33% market share by 2017.

Plastic pallets are expected to be the fastest growing segment at 9.1% per annum for the period 2012-2017 and reaching 275 million units in 2017.

Waste plastic: a major global issue

311 million tonnes of plastic was produced in 2014 and this is projected to reach 622 million tonnes per annum by 2034.

95% of plastic packaging material value or USD 80–120 billion annually, is lost to the economy after a short first use, and it is estimated that only 14% of plastic packaging is collected for recycling.

Timber consumption: a serious issue facing the pallet industry

93% of the five billion new pallets produced each year are made out of wood, and it is estimated that 40% of hardwood produced in the USA, and up to 40% of sawnwood in Spain, goes into pallet production.

Re>Pal™ pallets: well positioned to disrupt the global pallet market

By manufacturing plastic pallets at an equivalent cost to wood pallets, with the significant advantages that plastic pallets offer, Range International is therefore providing a product that is likely to have a highly disruptive impact on the global pallet industry.” Frost & Sullivan – Independent Market Report on the Pallet Market (see Section 3 of prospectus)

Range: deep pallet industry experience

Lars Amstrup, Managing Director – 30 years’ experience in supply chain, logistics and industrial manufacturing. Prior to this role, he was President of CHEP Asia.

Ken Brandt, Head of Global Strategy – recently joined Range following 10 years with Bramble’s CHEP Pallets Division, with the last five years in the role of Global Director of Product Development.

Russell Twine, Head of Sales, Marketing / PR – recently joined Range following 15 years with CHEP Pallets, including most recently the role of Asia Head of Sales for Key Account Customers.

Mark Daniel, Non-executive Director – recently joined Range following more than 25 years professional experience in supply chains and logistics, including most recently as President of China Merchants Loscam International.

Range: scaling up for growth

Range currently has two production lines in operation.

The funds raised through the IPO have been budgeted to purchase an additional 14 production lines, of which 8 eight are expected to be operational by the end of 2017.

With its first hub in Indonesia, Range is well situated to exploit Asian growth.