High profile Brazilian retailer, Drogaria Araujo orders 1.25 million Cardia Biohybrid™ bags
Cardia Bioplastics wins strategic contract to supply Biohybrid™ bags to 120 Brazilian Drogaria Araujo stores. Initial orders of 1,250,000 bags delivered, with annual orders of 20 million bags/annum and $400,000 sales revenue forecast. Cardia Bioplastics Brazil poised for growth as Brazilian supply chain established and Cardia’s product performance and quality being recognised within the Brazilian retail market.
Cardia Biohybrid™ bags to be used in 120 Drogaria Araujo shops
Cardia Bioplastics Limited has executed a strategic supply agreement and received the first order for 1.25 million Biohybrid™ bags to high profile Brazilian retailer Drogaria Araujo.
Drogaria Araujo is Brazil’s fourth largest drugstore chain, with 120 stores serving 38 million customers annually. After extensive evaluation Drogaria Araujo has made the decision to replace the use of paper bags in its stores with Cardia Biohybrid™ bags.
With Drogaria Araujo committing to use Cardia Biohybrid™ bags, annual orders expected to reach $400,000 with the opportunity to grow the business across the larger Araujo retailing group.
Cardia Bioplastics Brazil Managing Director João Paulo Mignot stated, “We are very pleased to be forming a strategic supply relationship with Drogaria Araujo, a very influential and respected retailer in Brazil. Following an evaluation process of our Biohybrid™ bags, Drogaria Araujo has given our bags the stamp of approval to be used in all of their 120 stores.” Mr Mignot continues, “Drogaria Araujo found our Biohybrid™ bags a quality sustainble replacement that offers a lower carbon footprint, are made with renewable resources, contain no heavy metals and are competitively priced.”
Cardia Bioplastics Managing Director Dr. Frank Glatz added, “These are exciting times for Cardia Brazil. With the establishment of our Brazilian supply chain, we are now seeing major retailers such as Ricoy Supermercados and Drogaria Araujo validating our products through placing orders and commiting to annual supply agreements. With changing legislation, the imminent FIFA World Cup and the 2016 Olympics which will see global attention and an influx of international visitors into Brazil, we can expect to see more orders for our sustainable bag offering.”
Having recently won the contract to supply carry bags to Brazilian Ricoy Supermercados, the latest win to supply Drogaria Araujo, demonstrates Cardia Bioplastics high product performance and quality being recognised within the Brazilian retail market, the largest and most rapidly growing consumer market in South America.