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6.25% 15.0¢ cardia bioplastics limited

Ann: Cardia Startegic Review of Manufacturing Operations, page-3

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  1. Reiner001
    11,646 Posts.
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    26/02/15
    17:18
    Post #: 14824836
    mmmmmmmmmmmmm:


    "Despite the discontinuation of its film and bag making operations, Cardia will remain committed to the Brazilian market place. The company will maintain its Brazilian market presence and continue its focus on the supply and distribution of its proprietary compostable and Biohybrid™ resins."

    Do I take it they will no longer make and market "bags" - but rather the resin product and rely on the market needing the resin to manufacture bags ?
    CNN Price at posting: 0.2¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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