Symphony Environmental Technologies (SYM)

Sector:

Manufacturing

Index:

FTSE AIM All-Share

11.57p
   
  • Change Today:
    -0.43p
  • 52 Week High: 13.50p
  • 52 Week Low: 2.18p
  • Currency: UK Pounds
  • Shares Issued: 236.36m
  • Volume: 1,742
  • Market Cap: £27.35m
  • RiskGrade: 282
  • Beta: 0.10

Symphony antimicrobial technology launches on drinking straws

By Josh White

Date: Friday 30 Oct 2020

LONDON (ShareCast) - (Sharecast News) - Symphony Environmental Technologies reported on Friday that Colimbian drinking straw manufacturer Promociones Fantásticas has launched its new 'd2w' biodegradable and 'd2p' antimicrobial drinking straws.
The AIM-traded firm said it was the technology partner, with its exclusive distributor Latin Pack the masterbatch supplier.

Promociones Fantásticas had been using d2w successfully in their straws since April 2017.

As it had previously announced, Symphony said testing of d2p samples by Unicamp University in Brazil, according to the ISO 21702 standard, found a virus reduction of 99.9% in one hour, which the board described as "vital" during the coronavirus pandemic.

It said d2p had also been proved effective against bacteria and fungi, which was said to be "critical" as it was a product that enters in direct contact with customers' mouths, where microbes could be transmitted.

As the antimicrobial properties were embedded in the plastic, they would never wear off, the company claimed.

"We are delighted to continue our long-standing and valued relationship with Promociones Fantásticas, and hope that other, environmentally and socially responsible companies around the world will follow their lead in protecting customers and the environment alike," said chief executive officer Michael Laurier.

"This follows recent other Symphony d2w and d2p new users, for example, Cotripal in Brazil whose shopping bags now contain both d2p and d2w Symphony technologies."

Laurier said the company was seeing increased interest for ots d2p antimicrobial technologies as a combination with its d2w biodegradable technology in a number of countries.

"Further, the products of these interested manufacturers are of both multi use, but also single use items, that historically were more commonly treated with just our d2w biodegradable technology."

At 1507 GMT, shares in Symphony Environmental Technologies were up 3.06% at 22.88p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

SYM Market Data

Currency UK Pounds
Share Price 11.57p
Change Today -0.43p
% Change -3.57 %
52 Week High 13.50p
52 Week Low 2.18p
Volume 1,742
Shares Issued 236.36m
Market Cap £27.35m
Beta 0.10
RiskGrade 282

SYM Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
21.09% below the market average21.09% below the market average21.09% below the market average21.09% below the market average21.09% below the market average
Sector averageSector averageSector averageSector averageSector average
Price Trend
95.67% above the market average95.67% above the market average95.67% above the market average95.67% above the market average95.67% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Income Not Available
Growth
23.8% below the market average23.8% below the market average23.8% below the market average23.8% below the market average23.8% below the market average
27.27% below the sector average27.27% below the sector average27.27% below the sector average27.27% below the sector average27.27% below the sector average

SYM Dividends

No dividends found

Trades for 22-Jul-2025

Time Volume / Share Price
09:30 116 @ 12.90p
08:33 1 @ 12.90p
08:31 77 @ 12.90p
08:03 1,548 @ 12.40p

SYM Key Personnel

CFO Ian Bristow
CEO Michael Laurier

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