The agreement covers the supply of Cardia waste management bins and Cardia Biohybrid™ kitchen waste bags to the individual households of this region with a forecast of AUD1 million annual supply requirement. Cardia Biohybrid™ kitchen waste bags are made with Cardia’s proprietary Biohybrid™ technology that uses less oil, is cost competitive and delivers a lower carbon footprint compared to conventional plastics.
Nanjing Jianye District is the first city district to have moved forward with full commercial roll out of their organic waste diversion program using Cardia products after testing them over one year. Nanjing’s other district councils are at various stages of their trial programs, with several councils expected to progress to full-scale implementation. With a population of over 6 million, Nanjing is actively moving towards organic waste diversion.
Dr. Frank Glatz, Managing Director of Cardia Bioplastics said: “This marks an important milestone for Cardia Bioplastics waste management products business in China and builds on the existing AUD 1.2 million annual supply contract with Shanghai Pudong. The success of winning these contracts is a result of our superior product technology, validation of product performance and effective supply capability by our manufacturing plant in Nanjing, China. Based on the trial programs that are already in progress in other districts in China we are confident in our corporate strategy of securing additional long-term contracts.”
Cardia also has a certified compostable product offering in its organic waste management business, which is delivering sales in Australia, New Zealand, Malaysia, Canada, USA, Brazil and the UK.The Nanjing waste management contract continues to build on Cardia’s growth, with recent announcements made regarding supply contract wins with Brazilian Ricoy supermarkets and Cardia’s Bag and Film production expansion.