CNN 6.25% 15.0¢ cardia bioplastics limited

hi Jessie and tonyindo my take is this, 6m people in Nanjing...

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  1. cag
    138 Posts.
    hi Jessie and tonyindo

    my take is this,
    6m people in Nanjing province ( please note in the announcements they have been talking about cities whithin Nanjing province ) , assume 3 people on average per household = 2m households
    assume 1 bag per week ( this is realistic as an average use per household as some would use more some less or not at all )
    2m households x 1 bag per week = 2m bags per week x 52 weeks = 104m bags per year
    remember that's for the entire province , they have only got contracts for particular cities so far
    also remember 100m bags per year is not a lot, if you check output from already established bag manufacturers they are in the billions!! per year

    so yes as they grow the business they will need to expand/build more factories not only in china but around the world ( as they have done in brazil )

    again as with your calcs I'm only making an educated guess

    cag
 
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