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10/23/13 - A$0.0040
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cardia bioplastics ltd (CNN) Details

Cardia Bioplastics Limited develops, manufactures, and markets resins derived from renewable resources in Australia, Asia, and internationally. It offers Cardia Biohybrid resins, which are a blend of renewable thermoplastic materials and traditional polyolefins; and compostable resins, which are biodegradable materials that enable clients to offer their customers compostable packaging and plastic products. The company also offers a range of off the shelf biodegradable and compostable bags under the Cardia Compostable and Cardia Biohybrid brand names directly. Its products are used in films, coatings and laminates, injection moldings, blow moldings, and extrusion applications. Cardia Bioplastics Limited sells its products through distributors. The company was formerly known as Cardia Technologies Limited and changed its name to Cardia Bioplastics Limited in July 2009. Cardia Bioplastics Limited was founded in 2002 and is headquartered in Mulgrave, Australia.

62 Employees
Last Reported Date: 09/30/13
Founded in 2002

cardia bioplastics ltd (CNN) Top Compensated Officers

Managing Director and Director
Total Annual Compensation: A$159.0K
Chief Financial Officer, Company Secretary an...
Total Annual Compensation: A$86.7K
Chief Operating Officer
Total Annual Compensation: A$92.5K
Technical Director of China Operations
Total Annual Compensation: A$54.9K
Compensation as of Fiscal Year 2013.

cardia bioplastics ltd (CNN) Key Developments

Cardia Bioplastics Secures Brazilian Sales at APAS 2014 Fair

Cardia Bioplastics Limited announced that it has received increased sales orders in the Brazilian retail market at the all-important APAS 2014 Fair in Sao Paulo, Brazil. Several Brazilian retailers have ordered a total of $250,000 worth of Cardia Bioplastics bags for validating Cardia's product quality. The annual supply requirement of these retailers is forecast to be a minimum of $1 million with supply commencement scheduled for July 2014. This takes the total of Brazilian sales orders taken during the last 3 months to $2.2 million annualised. Cardia has already won supply contracts to supply bags to Ricoy Supermercados and Drogaria Araujo, as well as other retailers and the APAS 2014 trade fair provided Cardia an opportunity to showcase its environmentally friendly bag offering to Brazil's retail industry.

Cardia Bioplastics Announce Supply Contract for Disposable Compostable Cutlery

Cardia Bioplastics Limited wins contract to supply Cardia Compostable resin to USA's EcNow Tech for disposable compostable cutlery application Cardia Bioplastics wins contract to supply Cardia Compostable resin to EcNow Tech in USA Initial orders delivered with annual supply projections of $400,000 EcNow Tech to use Cardia Compostable resin to manufacture disposable compostable cutlery and ice cream sticks Cardia Compostable BM resin validated as a quality food service product offering Cardia Compostable Resin used to manufacture disposable compostable cutlery Cardia Bioplastics Limited announces that USA's EcNow Tech has placed initial orders of Cardia Compostable resin for the manufacture of disposable compostable cutlery.

Cardia Bioplastics Limited Receives Supply Contract for Biohybrid Bags with Drogaria Araujo

Cardia Bioplastics Limited announced that it has executed a strategic supply agreement and received the first order for 1.25 million Biohybrid bags to Drogaria Araujo. After extensive evaluation Drogaria Araujo has made the decision to replace the use of paper bags in its stores with Cardia Biohybrid bags. With Drogaria Araujo committing to use Cardia Biohybrid bags, annual orders are expected to reach $400,000 with the opportunity to grow the business across the larger Araujo retailing group. Having recently won the contract to supply carry bags to Brazilian Ricoy Supermercados, the latest win to supply Drogaria Araujo, demonstrates Cardia Bioplastics Brazil is poised for growth as high product performance and quality being recognised within the Brazilian retail market, the large and most rapidly growing consumer market in South America.


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