CNN 6.25% 15.0¢ cardia bioplastics limited

Ann: Cardia Startegic Review of Manufacturing Operations, page-2

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  1. 11,646 Posts.
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    bit of a mixed bag:

    yes - streamlining makes sense
    but
    Brazilian plant to be canned and almost 1/2 mill bucks taken as impairment charges in 1/2 fin repot to Dec 31/14
    mmmmmmmmm after we were told we need that plant to service the order load and more extruders...........

    The only positive is the decision by Sao Paulo to ban all non-reusable bags as of 1/2015 (60 days moratorium)

    Lets see what else get's "written" out before the report needs to be presented

    then the merger - another CR - ..................................

    still no real information on income streams etc etc etc
 
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