Cardia Bioplastics Limited, the supplier of Cardia Biohybrid™ and Cardia Compostable resins, films, bags and custom finished products is expanding production to meet increasing demand for its film and bag products.
An early entry into the bioplastics sector, Cardia Bioplastics proprietary technology has focused on developing high quality fully certified Compostable and Biohybrid™ films, bags and products at a competitive price point.
Growth in finished products is being driven by a number of factors, including Cardia’s reputation for a price competitive high quality product, changing legislation and increased global consumer demand for quality sustainable bags, films and other packaging. Cardia’s strategy to focus on finished products is yielding favorable results with early signs that revenues will continue to grow in this division.
For example, Cardia Bioplastics continues to expand its retail carrier bag sales in international markets after having been selected as the preferred bag supplier to Ricoy Supermercados in Brazil, one of Brazil’s largest regional supermarket chains operating 90 stores with more than 8500 employees in the state of São Paulo. An annual supply agreement has been signed with forecast ed sales of of 5 Million Cardia Bioplastics bags (US$70K) per month based on initial orders.
The Ricoy Supermercados agreement follows further wins for Cardia Bioplastics having won major contracts in China including supplying Shanghai Pudong Council with its Biohybrid™ waste management products.
Dr. Frank Glatz Cardia’s Managing Director said, “The market dynamics are shifting. Over the past few years brand owners, retailers and packaging companies have commenced using bioplastic resins, films and packaging to replace conventional plastics. In parallel, Councils and waste management companies have started programs to separate organics from landfill, using compostable bags to divert organic waste from households and industry to composting. Both developments offer growth opportunities for the Cardia Bioplastics business.”
Richard Tegoni Cardia’s Chairman stated, “These are exciting times for Cardia Bioplastics. By focusing on finished products sales we stand to generate strong revenue streams. With orders flowing in from major international companies, well-known brand names, Councils and Governments around the globe, Cardia is reaping the results of years of developing innovative solutions, as well as technological and product refinement to deliver high quality products at competitive prices.”
Plantic Technologies Ltd, an international supplier of performance biopolymers, has developed the first renewable and recyclable ultra-high barrier packaging format, Plantic eco Plastic™ R. Building on the success of Plantic eco Plastic™, the new material format combines PET and Plantic biodegradable film to provide a packaging material which has ultra-high gas barrier properties and is made from up to 60% renewable materials. “Plantic eco Plastic™ R, unlike other barrier packaging formats, can be fully recycled with the PET recovered in the traditional recycling streams with Plantic’s barrier material dissolving and biodegrading in the process.” says Brendan Morris, Plantic Technologies CEO. “The combination of renewable materials with recyclable materials is unique in the packaging sector and brings together the best of both bioplastics and traditional materials. Plantic eco Plastic™ R delivers for the environment too with up to 60% renewable materials coupled with recyclable PET content. Unlike traditional barrier materials which are difficult to recycle due to the complete mix of plastics used, Plantic eco Plastic™ R provides performance and recyclability in a truly unique way.”