Supply Agreement with Superfo

RNS Number : 8514C

Symphony Environmental Tech. PLC

20 November 2009

 



 20 November 2009

SYMPHONY ENVIRONMENTAL TECHNOLOGIES PLC

Agreement with Superfos

Symphony Environmental Technologies Plc ("Symphony", "Company" or "the Group"), the environmental plastics and waste-to-energy Group, announces that it has signed a supply agreement, together with its French distributor, Alternative Plastics Sarl ("APS"), with the Danish producer of high quality packaging products, Superfos Industries a/s ("Superfos").

The agreement, for a minimum period of 5 years, provides Superfos EU, a subsidiary of Superfos, with European Union exclusivity for the manufacture of a range of  top-filled injection moulded rigid plastic packaging using special grade d2w® additives, supplied by Symphony through APS, and the use of the d2w® trademark on all such packaging.

The product range will include food packaging items such as salad tubs and non food items such as paint pots. These items, which are generally supplied by Superfos to food and non food processors, are sold by retailers throughout the EU.  

Michael Laurier, CEO of Symphony Environmental Technologies plc, said:

"We are very pleased to be associated with Superfos on its initiatives to improve and launch its top-filled injection moulded rigid packaging products with d2w® controlled life oxo-biodegradable technology. We are excited to be part of this important development whereby Superfos will be the first major European producer to launch and develop a range of products made with d2w®. This is also a major step forward for Symphony and the rigid plastics industry and shows the world, by example, that there are solutions available to improve the environmental aspect of rigid plastic packaging.

We are delighted that Superfos has embraced our d2w® technology and look forward to working together with Superfos in the years ahead."

Hans Pettersson, CEO of Superfos, said: 

"In our pursuit of excellence and innovation we continually seek to be market leaders and improve all aspects of our products, people and services and this agreement to launch d2w® in our products forms part of that commitment. We have therefore selected Symphony as our partner in this initiative for the supply of their d2w® controlled-life oxo-biodegradable additive technology for our top-filled injection moulded rigid plastic packaging. We very much look forward to working with the Symphony team in the continued development of this process so as to maximise the benefit to most if not all our packaging for our environmentally responsible customers."

For further information, please contact:

Symphony
Michael Laurier, CEO	Tel: [phone]
Ian Bristow, FD
Allenby Capital
Rod Venables/James Reeve	Tel: [phone]
Threadneedle Communications Graham Herring/Josh Royston	Tel: [phone]

Further information on Superfos Group:

The Superfos Group, with Superfos Industries a/s as the Parent Company, develops, manufactures and markets a broad range of injection-moulded plastic-packaging products. Activities are undertaken from 10 factories in Europe, which combined employ over 1,300 people. Superfos is operated and managed in a number of European regions. Superfos Group's last reported turnover was EUR 315.46 million.

Superfos has just announced that it has successfully entered into an agreement to sell its US business (Superfos Packaging, Inc.) to Berry Plastics Corporation (Berry), one of the largest plastic packaging manufacturers in North America.

With its superior performance and consumer-friendly design, Superfos packaging is used every day by all people, young and old, sick and healthy, at home and at work, indoors and outdoors.

Whether it is hot or cold food, dairy products, marmalades, paint, oil and lubricants, cosmetic or health care products, Superfos has a premium packaging design for all products needing protection and transportation from producer to end-user in the easiest, hygienic and most time and cost efficient way. "

Further information on the Symphony Environmental Technologies Group of companies:

SYMPHONY ENVIRONMENTAL TECHNOLOGIES PLC is a world leader in Controlled-life plastic technology - a system that works by a process called oxo-biodegradation. The technology is branded d2w® and appears as a droplet logo on many thousands of tonnes of plastic packaging and other products.  

Symphony has a diverse and growing customer-base and has established itself successfully as an international business. Products made with d2w® plastic technology can be found in more than 80 countries around the world and in many different product applications. Symphony is a member of the Oxo-biodegradable Plastics Association (www.biodeg.org), the Society for the Chemical Industry (UK), and the American Standards Organisation (ASTM).  Symphony is also a member of The Save the Plastic Bag Coalition (http://www.savetheplasticbag.com/) .Symphony continues to participate in the work of the British Standards Institute (BSI) and the European Standards Organisation (CEN).

Symphony has just launched d2p anti-microbial technology which has applications in similar markets to d2w®.

Symphony is also developing innovative waste-to-energy technology and cost-effective processes to convert plastics, tyres and other waste-streams into valuable products. 

Further information on the Symphony Group can be found at www.d2w.net.

 

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