Superfos sign agreement with Alternative Plastics
Danish packaging manufacturer, Superfos Industries, have signed a deal with Symphony Environmental Technologies to supply their oxo-biodegradable additive d2w. Alternative Plastics, Symphony's French distributor, has signed a contract for a minimum of five years.
Superfos will now have exclusive rights across the European Union to produce a range of top-filled injection moulded rigid plastic packaging using the d2w additive.
Food packaging such as salad tubs will be included in the range together with non-food items such as paint pots, which will sport the d2w droplet logo.
Symphony's Chief Executive, Michael Laurier, said "We are very pleased to be associated with Superfos on its initiative to improve and launch its top-filled injection-moulded rigid packaging products with d2w controlled life oxo-biodegradable technology", and added, "This is also a major step forward for Symphony and the rigid plastics industry and shows the world by example that there are solutions available to improve the environmental aspect of rigid plastic packaging."
In another deal, Superfos has agreed to sell its US business (Superfos Packaging) to Berry Plastics Corporation. Superfos will receive approximately £82m for the business - the business turned over $46.8m in 2008 and employs around 180 staff.
Symphony reported in July that its gross profit for the first half of 2009 was £1.93m, almost double that of the same period last year.
Symphony have 48 distributors in 76 countries.
All product containing its additives carry the d2w droplet logo.
