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Symphony Environmental Technologies

  • BY: Andrew Hore |
  • POSTED: 27/04/2012 |

Degradable plastics additive supplier Symphony Environmental Technologies says that 2012 trading is encouraging.

Symphony has d2w oxo-degradable plastic and d2p anti-microbial technologies. There is increasing interest in the d2p products for inclusion in food applications.

Trading is second half weighted. Revenues edged ahead to 8.54m in 2011 but higher investment reduced pre-tax profit from 1.01m to 416,000. The cost base is being maintained this year.

Symphony has signed a 20 year exclusive distribution agreement for d2w in China with Super Success International.

The tyre recycling business could be near to becoming a commercial opportunity.

At 8p a share, Symphony is valued at 10.2m.

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