Welcome to Cardia Bioplastics

Cardia Bioplastics Limited (ACN 064 755 237 - ASX Code CNN) changed its name in July 2009 after acquiring 100% of Cardia Bioplastics (Australia) Limited (formerly Biograde Limited). The name change and acquisition were completed to better reflect the core activities and strategic direction of the business.

Cardia Bioplastics (Australia) Limited (ACN 102 302 134), an Australian company first established in 2002 as Biograde, is now a global developer, manufacturer and marketer of sustainable resins and packaging derived from renewable resources.
 
After five years invested in developing its sustainable resins technology, sales began in 2007 and increased 680% in 2008. International recognition and technical acceptance came quickly with the company winning the contract as exclusive supplier of biodegradable packaging to the Beijing 2008 Olympic and Paralympic Games.
 
Since then the company has achieved sales to high profile packaging users and its technology has been recognised by international business groups, including:

• 2008 AustCham China Business Excellence Award
• 2009 CleanEquity Monaco Conference Award for Excellence in Environmental Technology Commercialisation

Cardia Bioplastics has:

• Extensive intellectual property and a strong patent position
• Products accredited to international standards
• Product development activities in Australia, China and Europe
• Cost effective manufacturing in China
• An Australian head office managing 51 employees in operational offices in the Americas, Europe and Asia
• A global network of industry leading distributors
• Engaged with major consumer packaged goods and global packaging companies

Business strategy

The success of the Cardia Bioplastics is in the flexible product choice offered to customers. Cardia Bioplastics customers can design and make their products to meet their customers’ performance and sustainability requirements.
 
Cardia Bioplastics enables customers to produce more sustainable packaging and plastics products. With sustainable and renewable packaging estimated to be less than 1% of the global $180 billion packaging industry, Cardia Bioplastics has identified this huge growth sector as its initial target.
 
The drivers for growth for sustainable resins in packaging include rapidly expanding new economies, society’s increasing demand for convenience and demand for pre-packaged goods and pre-prepared food.
 
The drivers for change from existing packaging materials to sustainable resins include:

• Traditional plastics are made from oil – a finite resource with volatile pricing
• Most plastics applications are for short term use creating waste disposal and litter issues
• Government legislation and taxes are being introduced internationally to minimize disposal and litter issues
• Global brand owners and retailers looking for sustainable solutions

Technology

Cardia Bioplastics products are based on the company’s intellectual property and patents, and  includes:
 
Cardia Biohybrid™ resins – Sustainable resins combining renewable thermoplastics with polyolefin materials to reduce customers’ dependence on finite oil resources and reduce their carbon footprint.
 
Cardia Compostable resins – This range of fully biodegradable resins meets the major international standards for compostability – Europe EN 13432, USA  ASTM D 6400, Japan Greenpla, and Australia AS 4736 – so, customers can meet the strictest regulatory standards and highest consumer expectations.
 
Cardia Bioproducts finished goods – The Cardia Bioproducts team offers customers a complete product design, development and delivery service for finished film and bag goods to help customers trial sustainable products.