North American Expansion

RNS Number : 7790D

Symphony Environmental Tech. PLC

18 September 2008

 



18 September 2008

SYMPHONY ENVIRONMENTAL TECHNOLOGIES PLC

Expansion in Canada  

Symphony Environmental Technologies Plc ('Symphony' or 'the Group'), the degradable plastics and waste-to-energy Group, is very pleased to announce that through its wholly owned subsidiary, Symphony Environmental Ltd., an Agreement has been reached for the formation of a new sales and distribution facility based in Montreal, Canada to support growing demand for  d2w®  eco-compatible plastic products and technology.

The new 10 year exclusive Distribution Agreement with Symphony Environmental Canada Inc ('SECI') is for the Canadian market and Symphony will own up to 30% of the shares in SECI, as part of the Agreement.

Symphony's new distribution operation has an experienced sales team to support and service its existing and growing customer-base in Canada. The operation is to be managed by Philippe Michon, CEO, who has, as a distributor, been representing Symphony in France and Belgium for the past 4 years. Claude Faubert who has a wealth of experience in the plastics industry has been appointed as SECI's Sales Manager. The new operation will ensure storage and distribution of Symphony's d2w® additive and after-sales service for the Canadian market, from warehouse facilities in Montreal. 

For further information, please contact:

Symphony
Michael Laurier, CEO	Tel: [phone]
Ian Bristow, FD
HB Corporate
Rod Venables	Tel: [phone]
Rory Creedon
Symphony Environmental Canada Inc
Philippe Michon, CEO	Tel: [phone]
	http://www.additifd2w.com
	[e-mail]

Further information on the Symphony Environmental Technologies 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. Its d2w® products 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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