CARDIA BIOPLASTICS
Fully integrated biodegradable films plant to start up in Brazil
In September, Cardia Bioplastics (Melbourne / Australia; www.cardiabioplastics.com) will start producing biodegradable films and bags at its own, new facility in São Paulo / Brazil. The EUR 519,000 purpose-built plant will be capable of producing 500m carry bags each year, the company said, making it four times larger than its bioplastics plant in Nanjing / China, which it recently upgraded to achieve an output of 100m bags annually (see Plasteurope.com of 07.07.2014).

The decision to set up base in the country comes in response to high demand for its bags as well as annual supply contracts with leading Brazilian retailers like Ricoy Supermercados and Drogaria Araujo (see Plasteurope.com of 21.02.2014).

Calling the facility a key milestone in group strategy to set up finished products divisions in important markets, Cardia chairman Richard Tegoni said, “The vertical integration from Cardia BiohybridT resins to Cardia BiohybridT films and bags ensures product quality, control of supply, improved margins and enhanced cost structures that underpin Cardia's global growth strategy.”
14.08.2014 Plasteurope.com [229022-0]
Published on 14.08.2014

© 2001-2024 Plasteurope.com  |  Imprint  |  Privacy  |  Cookie settings

Plasteurope.com is a business information platform for the European plastics industry. It is part of KI Kunststoff Information and PIE Plastics Information Europe, one of the leading content providers for the European plastics industry. We offer daily updated business news and reports, in-depth market analysis, polymer prices and other services for the international plastics industry, including a suppliers guide, career opportunities, a trade name directory and videos.

News | Polymer Prices | Material Databases | Plastics Exchange | Suppliers Guide | Jobs | Register | Advertising

PIE – Plastics Information Europe | KI – Kunststoff Information | KunststoffWeb | Plastics Material Exchange | Polyglobe | K-Profi
© 2001-2024 by Plasteurope.com, Bad Homburg
Date of print: 23.11.2024 05:53:20   (Ref: 170500908)
Text and images are subject to copyright and other laws for protection of intellectual property.
Any duplication or distribution in any media as a whole or in parts requires prior written approval by Plasteurope. URL: http://www.plasteurope.com/news/detail.asp