22nd May 2006 07:00
Symphony Plastic Technologies PLC22 May 2006 Symphony Plastic Technologies plc Caribbean Sales Symphony Plastic Technologies Plc ("Symphony"), the degradable plastics company,is pleased to announce confirmation of sales through its exclusive distributor,Caribbean Environmental Protection Inc. (CEPI), to a number of new customers inthe Caribbean in line with its Preliminary Results statement of the 27th April2006. Initial bank facilities for CEPI have recently been approved to support neworders in the Caribbean region which are expected to exceed US$4 million insales for Symphony in a full financial year. Michael Laurier, Chief Executive, said: "This further expansion of our Caribbean sales extends the reach of our d2w(R)brand in the region. We believe that demand for our products will continue togrow as the fragile environment and regional economies demand a practical andcommercially viable solution to the persistent problem of plastic pollution." For further information, please contact: Symphony Tel: 020 8207 5900 Michael Laurier, CEO Ian Bristow, FD Panmure Gordon & Co Tel: 020 7614 8385 Andrew Godber Citigate Dewe Rogerson Tel: 020 7638 9571 Patrick Toyne-Sewell Ged Brumby Further information on Symphony Plastic Technologies plc: Symphony develops and supplies environmentally responsible plastic packagingproducts and additives, which are distributed primarily to the retail, localauthority and health related sectors. The Group's main technology, d2w(R),allows plastic to degrade, leaving only water, a minimal amount of carbondioxide and trace amounts of non-toxic biomass over a short time period. The d2w(R) product range now includes additives, carrier bags, refuse sacks, mailingwrap, stretch film, and packaging films. Symphony has a diverse customer base in the UK and has successfully establisheditself as an international business after signing distribution agreements withcompanies in Brazil, Canada & USA, India, New Zealand, South Africa, theCaribbean, Saudi Arabia, Colombia and Qatar. d2w(R) products can now be foundin more than 40 countries.Further information on Symphony can be found at www.symphonyplastics.com andwww.degradable.net. End This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Symphony Env.