MEDIA RELEASE 08 October 2010
Papyrus Australia appoints Colin Dunsford as director
Papyrus Australia, the developer of a world-first technology that converts the
waste trunk of the banana palm into alternatives to forest wood products, has
appointed Colin Dunsford as director of the company.
During his more than 40-year professional career, Dunsford has had extensive
experience with a wide range of corporate, government and incorporated clients
in Australia and the United States of America. He retired from his most recent
position as a partner and Division Head of the Adelaide Assurance and Business
Advisory Division of Ernst and Young in July 2010.
Dunsford remains as chairman of Ernst and Young South Australia, as well as
being chair of the Bedford Group, Independent Gaming Corporation and Leaders
Institute of South Australia.
"I'm thrilled to be joining Papyrus at such an important time. The Papyrus
technology has outstanding opportunities worldwide and I'm looking forward to
helping the company in its international commercialisation strategy," Dunsford
Papyrus Australia chairman, Ted Byrt, said Dunsford brings a wealth of
experience to the Papyrus board at an important stage in the company's growth.
"This is an outstanding appointment for Papyrus Australia. Colin is a very
highly respected business leader in Adelaide with a wealth of national and
international corporate experience. As we embark on our commercialisation
strategy of licensing the Papyrus technology worldwide, Colin's input will be
extremely valuable to us," Byrt said.
Papyrus Australia Limited, which began trading on the ASX in 2005, was founded
in 1995 in response to an increasingly stringent environmental and regulatory
situation facing the paper industry.
The company's commercialisation strategy is to license its technology to
suitable entities worldwide that will establish banana veneer and banana fibre
production factories in locations where banana is grown.
To prove its technology and validate the commercial values of banana veneer and
fibre products, Papyrus established a showcase processing plant in Walkamin, Far
North Queensland. The factory produces veneer and chips to be converted into
particleboard and other alternatives to wood based panels.
More information on Papyrus is available at
Released for Papyrus Australia by Dennis Rutzou Public Relations (www.drpr.com.au)
For further information please call Kim Larochelle on (02) 9413 4244.