Launch of d2w Oxo-biodegradab

RNS Number : 3782S

Symphony Environmental Tech. PLC

18 May 2009

 



18 May 2009

SYMPHONY ENVIRONMENTAL TECHNOLOGIES PLC

LEBANON - d2w® Oxo-biodegradable Plastic Launch

Symphony Environmental Technologies Plc ('Symphony' or 'the Group'), the degradable plastics and waste-to-energy Group, is pleased to announce the launch of d2w® in Lebanon following the completion of a Sub-distribution Agreement ('the Agreement') with Ghanem Development & Trading SARL via Symphony's Sharjah based distributor, Eco-Polymers. The term of this tri-party Agreement is for a period of 15 years. Deliveries of d2w® product have already commenced.

The launch and presentation was held in Le Royal Hotel, Beirut on 15 May 2009 at 4:00PM EET and was attended by the Minister of Environment  and the General Manager of the Ministry of Industry together with packaging producers, end users and NGOs.

Jihad Ghanem, Managing Director of Ghanem Development & Trading SARL made an initial speech, followed by Dr Antoine Karam, Minister of Environment, followed by presentations by Mr Michael Stephens, Symphony's Technical Director, and Winston Pryce of Eco-Polymers.

Ghanem Development & Trading SARL will follow up this launch with an aggressive marketing campaign in conjunction with the Ministry of Environment.

Michael Laurier, Chief Executive of Symphony Environmental Technologies plc, said:

'We are delighted with the launch of d2w® in the region together with the endorsements made by the Lebanese Government. The expansion for Eco-Polymers further into the Middle East is exciting for us as we see the whole region being a major contributor for Symphony going forward. '  

For further information, please contact:

Contacts

Symphony
Michael Laurier, CEO	Tel: [phone]
Ian Bristow, FD
HB Corporate Limited
Rod Venables / James Reeve	Tel: [phone]
Threadneedle Communications
Graham Herring / Alex White	Tel: [phone]

Further information on Symphony Group of Companies:

SYMPHONY ENVIRONMENTAL TECHNOLOGIES PLC is a world leader in oxo-biodegradable eco-compatible plastic technology. The technology is recognised by the d2w® droplet logo on many thousands of tonnes of plastic 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 50 countries around the world and in many different product applications. Symphony is proud to be a member of the Oxo-biodegradable Plastics Association (www.biodeg.org).

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.degradable.net.

 

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