Symphony Environmental’s Latin American partner launches range of drinking straws
(AIM: SYM ) said Promociones Fantástica, a Colombian drinking straws producer and leader in the Latin American market has now launched a range of drinking straws using Symphony’s d2w® biodegradable technology.
The company, which is a global specialist in technologies that "make plastic smarter" is a technology partner and its exclusive distributor Latin Pack, is the masterbatch supplier. Promociones Fantásticas has been using d2w successfully in their straws since April 2017.
d2p samples have previously been tested by UNICAMP University in Brazil which found a virus reduction of 99.9% in only one hour, a vital factor during the coronavirus pandemic.
It has also proven effective against bacteria and fungi, another critical factor for a product that enters direct contact with customers' mouths where microbes can easily be transmitted.
Symphony Highlighted to investors that since the antimicrobial properties of the technology are embedded within the plastic, they will never wear off - unlike spraying, wiping, or coating.
CEO, Michael Laurier said the launch follows recent Symphony d2w and d2p new users such as Cotripal in Brazil whose shopping bags now contain both d2p and d2w technologies.
He said, “We are seeing increased interest for our d2p antimicrobial technologies as a combination with our d2w biodegradable technology in several countries across the globe.
Shares in Symphony Environmental Technologies have traded within a range of 26.5 and 22p over the past two weeks to open 3.60% higher this morning at 23p following the news.
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.”
Laurier said the products of certain interested manufacturers are of both multi use and single use items which are more commonly treated with just our d2w biodegradable technology.
Promociones Fantásticas said it has assumed an increased responsibility to protect public health, create jobs and preserve the environment during the ongoing COVID-19 pandemic.
“Over the years we have encouraged our customers to properly dispose of used straws so they can be recycled where possible,” said Carlos Cruz, CEO of Promociones Fantásticas.
He added, “But we have also taken additional measures to protect the environment from plastic that escapes into the open environment by using the globally renowned British d2w biodegradable technology.
Today we go further, by helping to protect our customers from Coronavirus and other forms of contamination by using d2p technology, that has been proven against viruses, bacteria, and fungi."
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