Cardia Bioplastics is expanding production to meet increasing demand for its compostable resins, films, bags and custom finished products.
The Australian-based company says growth in finished products is being driven by a number of factors, including its "price-competitive high quality product", changing legislation and increased global consumer demand for quality sustainable bags, films and other packaging.
Managing director Dr Frank Glatz states: "The market dynamics are shifting. Over the past few years brand-owners, retailers and packaging companies have commenced using bioplastic resins, films and packaging to replace conventional plastics. In parallel, Councils and waste management companies have started programmes to separate organics from landfill, using compostable bags to divert organic waste from households and industry to composting.
"Both developments offer growth opportunities for the Cardia Bioplastics business."
Richard Tegoni, the company's chairman, adds: "By focusing on finished products sales we stand to generate strong revenue streams."
www.cardiabioplastics.com
