the malaysian market

28/09/2010 1:06PM 2 Cardia to enter the Malaysian Market with RNZ Green Bio

MEDIA RELEASE
CARDIA BIOPLASTICS TO ENTER THE MALAYSIAN PACKAGING MARKET
WITH RNZ GREEN BIO
Cardia Bioplastics and RNZ Green Bio (RGB) have signed a Heads of Agreement to
establish a new Malaysian entity, Cardia Bioplastics Malaysia Manufacturing (CBMM), to
manufacture finished bioplastics products. The Agreement was signed at the National
Utilities Summit 2010 in Kuala Lumpur, Malaysia.
The relationship between Cardia Bioplastics and RNZ Green Bio has been announced by the
Malaysian Minister of Energy, Green Technology and Water, YB Dato Sri Peter Chin Fah Kui, at the
Malaysian National Utilities Summit 2010 in Kuala Lumpur. The Minister acknowledged the new
venture between the two companies as one of the pioneers of bioplastics manufacturing in
Malaysia.
In addition, the Minister endorsed Cardia Bioplastics efforts in promoting compostable bioplastics
packaging that uses less oil with a lower carbon foot print and is environmentally responsible.
Cardia Bioplastics Chairman, Pat Volpe, said We are launching in Malaysia with our partner RGB.
Malaysia is recognised as one of the worlds largest manufacturing hubs for plastics packaging and
there are enormous opportunities for CBMM to manufacture bioplastics products for both the local
and export market in this growing industry.
Cardia Bioplastics proprietary technology is accredited worldwide and will be licensed to CBMM.
RGB will provide the initial working capital on terms and conditions to be formalized in a
shareholder agreement.
RNZ Green Bio Chairman, Mr IR Rozali Ahmad, said Our company has been extensively
searching for the right partner that has a patent position, international accreditation and an
established infrastructure for manufacturing, distribution and marketing of bioplastics products.
Cardia Bioplastics fits the bill and I am impressed with the quality of its management and technical
expertise.