Cardia Bioplastics Limited (ASX: CNN, Cardia) is pleased to announce its collaboration with Nestlé S.A., the largest Fast Moving Consumer Goods company in the world, to reduce the environmental impact of packaging.
This collaboration is line with Cardia’s strategy of working with global brand owners who are looking for alternatives to conventional packaging. Cardia’s technology enables them to reduce the carbon footprint and the use of less oil in their packaging with an environmental benefit whilst maintaining product performance.
This collaboration is one of several that Cardia has established with global brand owners and packaging companies. It is also an endorsement of Cardia’s capabilities in respect to renewable and sustainable plastics and packaging in both flexible and ridge applications. The areas of collaboration with Nestlé S.A. are to be kept confidential due to their sensitive commercial nature.
Cardia Bioplastics’ Managing Director Dr Frank Glatz said: “Collaborating with Nestlé presents an exciting opportunity to develop high performance packaging with lower environmental impact. In addition to offering a product with beneficial environmental profile and full food safety compliance, delivering superior packaging performance through the product life cycle is a key criterion for success.
“Our proprietary multi-layer flexible film and rigid packaging developments are important offerings in meeting demanding packaging performance requirements,” he said.
Cardia is well positioned to benefit from the trend towards sustainable packaging. It offers customers the choice of using sustainable Cardia BiohybridTM technology (less oil, lower carbon foot print) or compostable technology (delivering certified compostability to international standards) for their packaging or plastic product solutions. The company’s materials are suitable for a broad range of packaging applications, including flexible film, injection moulding, blow moulding, foam, and extrusion and coating applications.
Phone +61 413 185 135
Dr Frank Glatz
Phone +61 400 930 530
Source: Cardia Bioplastics, press release, 2010-11-25.