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Share Price: 2.90

Bid: 2.50

Ask: 3.30

Change: 0.00 (0.00%)

Spread: 0.80 (32.00%)

Open: 2.90

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Symphony Wins Biodegradable Plastic Order From Pakistan Airline

Tue, 07th Jun 2016 07:23

LONDON (Alliance News) - Symphony Environmental Technologies PLC on Tuesday said its distributor Business Dynamics Pvt Ltd has signed a three-year deal with Pakistan International Airways.

Under the agreement, Symphony will work on the conversion of the airlines existing plastic packaging into d2w biodegradable plastic.

No financial details on the agreement were disclosed.

"We are delighted that PIA have chosen to use d2w oxo-biodegradable plastic technology in their commitment to help protect the environment from accidental littering of plastic, and congratulate them in leading by example," said Symphony Chief Executive Michael Laurier.

Symphony shares were up 6.6% to 6.26 pence Tuesday morning.

By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance

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