From earlier this year.



"The fund raise significantly strengthens Symphony's balance sheet and will
allow us to maintain the quantum growth we have enjoyed over the past few
months. We are now receiving significant interest from a variety of sectors in
our degradable solution to the problems associated with plastic waste and,
following this strengthening of our resources, we are in a much stronger
position to meet the considerable demand for our products."




This last statement shows that corporations are looking seriously at Symphonys products. Yesterdays announcement shows a real coup for the company, as they have walked away from a potential exclusivity contract with no penalties!. Rarely seen IMO.

Bio-degradeable products are appearing everywhere, especially in the consumer disposal market, and Symphony look to be taking a large chunk of this with their own brands.

I believe strongly in the management of the company. I see they have the technical ability and also the qualities required to deal with the financial markets. Too often we see an excellent company with strong technical management, only to see them fail as they have no idea how to deal with the stock market.


That is why I am nominating Symphony plastics as my "tip of the week". If you get in early enough, I believe you could see a potential treble bagger by the end of July.

I would welcome your comments on the above analysis.

god knows what the justification for the annoucement is...delay because they have done......or delay because its another downward slip ahead

time will tell

Bakeries like using d2w.
http://www.frank-roberts.co.uk/premium-range.htm

big day ahead for SYM.....end of year.....

even the boss is sticking his money on them now.....It has been announced that Michael Laurier, CEO has bought 221,461 shares in the company on the 21st April 2009 at a price of 3.30p. Michael Laurier now holds 14,863,600 shares representing 12.79% of the shares in issue..

go on sym......nice rise and good to see buying picking up.....

Symphony Environmental Technologies Plc (Symphony or the Group), the degradable plastics and waste-to-energy Group, is pleased to announce that, through its wholly owned subsidiary, Symphony Environmental Limited, it has today launched the Worlds first d2w 100% degradable metalised film for snack foods, in conjunction with Organizacion Barcel (Barcel), a subsidiary of Grupo Bimbo Mexico (Bimbo).
The announcement comes after successful extensive trials and will see Symphonys d2w additive being used in Barcels film for its premium range of snack food products including the Takis and other brands. The product ranges include crisps and confectionary amongst others.

This follows the successful use of Symphonys d2w additive in the packaging for Bimbos bread and other products, announced in August 2008, and has been achieved through Symphonys official distributor, Plasticos Degradables S.A de C.V.

more good news....and the climb up is happening

oh yes......big day for SYM

Legislation
There are two separate UK Laws affecting this area: 1) The Packaging Waste Regulations which sets out the requirements for dealing with packaging waste and 2) The Packaging (Essential Requirements) Act which defines the requirements that all packaging must satisfy.

The Packaging Waste Regulations were incorporated into UK law in 1997. They are based on the European Directive for Packaging Waste. Currently 65% of all packaging must be recovered. It is not practical for individual companies to organise the recovery, and recycling, of their packaging waste. So to ensure that the UK conforms to the EU Directive a series of non-profit organisations were created to administer the 'PRN' scheme. PRNs (Packaging Return Notes) are issued (sold) to companies to enable them to fulfil their individual obligations under the directive. The revenue from the PRNs is used by the organisation issuing them (e.g. Valpak) to fund recovery and recycling schemes. Thus the UK is able to demonstrate that as a whole we are complying with the Directive.

A PRN at no cost - i.e. one where the material is exempt from any charge - can only be issued to companies if the material concerned falls within the definitions of recovery or recycling. Biodegradability is not recognised in the UK legislation as a definition of recoverability but Compostability is recognised as a basis for exemption.

Unusually the UK splits the execution of the Directive into two. It created the Packaging Waste Regulations, and then followed up with the Packaging (Regulations Essential Requirements). Other EU governments carried both sections together as one piece of law. Whilst biodegradability is not recognised in the Waste Regulations (see above) in the Essential Requirements, biodegradability and compostability are recognised and d2w meets those requirements.

The result of this is that in the UK d2w products can be sold as meeting the Essential Requirements but there is no exemption from the PRN charges for the time being i.e. until oxo-biodegradable plastics meet the relevant standard. In the EU, however, d2w products do not at present meet their equivalent of the Essential Requirements because they do not satisfy the Sturm Test which is the key part of the current EU standard and therefore are not formally acceptable for packaging (but see below). There are some exceptions e.g. in Italy where, in strictly legal terms, carrier bags are not 'packaging'.

For full detail see www.valpak.co.uk

XS,

are you suggesting that packaging companies have no insentive to use oxo biodegradable packaging ( except for moral/marketing reasons) since they have to pay the PRN fees anyway

Symphony Environmental Technologies advanced 20.5 per cent to 5.87p after the packaging specialist launched what it said was the worlds first biodegradable metalised film for crisp packets.

from the FT.......lets see if this leads to other contracts

The approximate number of plastic bags consumed this year:
183,112,410,621 in the world, at 17.00hrs uk time.

and how many of them little beauties were wrapped round crisps and sweets in mexico....

holding on till the numbers are made public

Further information on Bimbo Group of Companies:

GRUPO BIMBO was established in Mexico City in 1945 and is considered today as one of the most important bakeries in the world due to its production volume, sales and brand positioning.

In Mexico, as well as in many Latin American countries, it is the largest food company and undisputed leader in the national baking industry.

just doing some research on the mexican company.....much large potential

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.

busy company and thats two countries in a month using the product.....with ministry backing this time.....this going to be a very interesting year, if the pick-up continues

watcher

The approximate number of plastic bags consumed this year:
274,854,677,528 at 16.30 today. share price 8p Plastic is strong, durable, versatile, lightweight, safe and inexpensive. It is made from a by-product of oil refining which would otherwise be wasted, so nobody is importing oil to make plastic products.
However, the problem identified by governments and NGOs around the world is that plastic does last rather too long if it gets into the environment and especially in the oceans.
Symphony has found the answer to this problem. Our d2w additive put into the plastic at the extrusion stage will make the finished product "oxo-biodegradable" so that it will degrade and disappear in a short timescale, leaving no fragments, no methane and no harmful residues.
Degradability is not a disposal option - you can still re-use and recycle - it is low cost insurance against the accumulation of plastic waste in the environment.
There is little or no on-cost, because d2w environmentally-responsible plastic products are made with the same machinery and workforce as ordinary plastic and there is no need to change suppliers.
d2w and the droplet logo are trademarks of a range of totally degradable flexible and semi-rigid plastic products and pro-degradant additives which are sold worldwide.

things going well for SYM.....and the s.p. is reflecting that......see where we are in 3 more months

continued rise revealed as being on the back of Barclays buying 5% of the shares from nothing (6250shares).

keep watching

10p broken :-)

NICE

lets see when the bid price gets through 10p and if it holds above there. looking back over the years the sp is very spiky.