Symphony Environmental Tech. PLC
10 April 2008
For Immediate Release 10th April 2008
SYMPHONY ENVIRONMENTAL TECHNOLOGIES PLC
TIGERBRANDS - SOUTH AFRICA
LAUNCH d2w(R) OXO-BIODEGRADABLE BREAD PACKAGING
Symphony Environmental Technologies Plc ('Symphony' or 'the Company'), the
degradable plastics and waste-to-energy Group, is very pleased to announce the
following sales success with Albany Bakeries by its wholly-owned subsidiary,
Symphony Environmental Ltd.
Albany Bakeries of South Africa, a subsidiary of the leading food company Tiger
Brands has a substantial share of the national bread market and owns 12 major
bread plants that produce Albany Superior; Olde Cape; D'light and Everyday bread
ranges. Albany bread is the group's biggest user of packaging and has launched
Symphony's d2w(R) oxo-biodegradable plastic packaging for all their bread
products. Tiger Brands is one of the largest food producers in the world to
commit to reducing the potential for plastic pollution by their packaging.
This packaging is being manufactured for Albany Bakeries in South Africa by
three of the largest plastic producers, using high-speed machines and Albany
Bakeries' new d2w(R) oxo-biodegradable bread bags will mean that around 3,000
tonnes of packaging will no longer be contributing to the accumulation of
plastic waste in the environment.
This breakthrough into the South African food-sector was achieved through
Symphony's nominated distributor, Self-Destruct Plastics, who report that
current sales for Symphony's d2w(R) additives and products have exceeded all
their expectations.
Meghan Draddy Packaging Development Manager - Grains: Cereals; Milling & Baking
of Tiger Brands (South Africa), said:
'We are pleased to announce our ground-breaking co-operation with Symphony
Environmental Limited to protect the environment from the accumulation of
plastic waste. Following three years of discussions, trials, testing and
performance analysis, Tiger Brands has become South Africa's first national food
company to tackle the litter and plastic-waste pollution unavoidably resulting
from bakery operations.
Although plastic is the best packaging option, its reputation is tarnished by
the fact that plastic manufactured in 2008 will outlive those who make it; but
d2w(R) additives and products change all that. By this decision Tiger Brands has
set a path for others to follow. Up to 3,000 tonnes of potential litter and
waste per year will now degrade and then biodegrade, within a short timescale,
leaving no methane, no fragments and no harmful residues.'
Commenting on the product launch, Michael Laurier, Chief Executive of Symphony
Environmental Technologies plc, said:
'We are delighted to be jointly announcing with Tiger Brands this major
environmental breakthrough. This is extremely important news for South Africa
and sets an excellent example to many other users of plastic packaging
throughout the world. In addition to bread bags, a carrier-bag, a heavy
shrink-wrap, or a plastic bottle, can be made if using our standard d2w(R)
degradable plastic technology to totally self-destruct within a period of
between 6 months and two years (depending on environmental conditions) instead
of polluting the land and the sea for decades.'
We expect this important step to be the first of many developments in South
Africa. Symphony's d2w(R) degradable plastic technology is rapidly becoming
known as the market leader throughout the world and with South Africa's
progressive attitude on environmental issues we are delighted to have increased
our participation in this important market.'
For further information, please contact:
Symphony
Michael Laurier, CEO Tel: 020 8207 5900
Ian Bristow, FD
HB Corporate
Rod Venables Tel: 020 7510 8600
Further information on the Symphony Environmental Technologies Group of
companies:
SYMPHONY ENVIRONMENTAL TECHNOLOGIES PLC is a world leader in oxo-biodegradable
plastic technology. The technology is recognised by the d2w(R) droplet logo on
thousands of tonnes of oxo-biodegradable plastic products. In the last 12 months
it is estimated that more than 5 Billion plastic products have been made with
Symphony's d2w(R) pro-degradant additives.
Symphony has a diverse and growing customer base and has successfully
established itself as an international business. Its d2w(R) products can already
be found in more than 60 countries. 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 is
developing 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
This information is provided by RNS
The company news service from the London Stock Exchange
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.