CNN cardia bioplastics limited

Major packaging alliance formed 9 July, 2012 Cardia Bioplastics...

  1. 11,715 Posts.
    lightbulb Created with Sketch. 1543

    Major packaging alliance formed

    Major packaging alliance formed

    Cardia Bioplastics has announced a partnership with Alto Packaging which is focused on the food manufacturing industry.

    According to Cardia, the agreement will see it provide renewable resin for Alto's rigid plastic packaging manufacturing.

    However "the supply agreement will initially focus on Alto's fresh food range, but has the potential to expand into other Alto Packaging product channels".

    Cardia last week announced that its range of manufactured biohybrid resins had received halal approval.

    Frank Glatz, Cardia's managing director, said "this strategic alliance is validation of our patented technology and provides the company with an extensive network of relationships with leading suppliers in the food industry.

    "Our sales pipeline will grow as we work in collaboration with Alto Packaging to manufacture high performance packaging solutions with an improved carbon footprint."

    Glatz added that "the bioplastics industry is growing globally, tracking double digit growth and Cardia is well placed to capitalise on this emerging market".

     

    http://www.foodmag.com.au/news/major-packaging-alliance-formed

 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.