Itaconix (ITX)

Sector:

Industrial Chemicals

Index:

FTSE AIM All-Share

6.65p
   
  • Change Today:
    -0.35p
  • 52 Week High: 16.20
  • 52 Week Low: 1.87
  • Currency: UK Pounds
  • Shares Issued: 443.46m
  • Volume: 209,596
  • Market Cap: £29.49m

Itaconix confirms first shipment of new polymer to EU customer

By Josh White

Date: Thursday 09 Sep 2021

LONDON (ShareCast) - (Sharecast News) - Plant-based polymer specialist Itaconix announced the first shipment to a European Union-based customer for its 'TSI 322' sustainable detergent polymer on Thursday.
The AIM-traded firm said the new, unnamed customer was an "established and well-respected" European brand, recognised by both the detergent industry and consumers for its product innovation, performance, and sustainability.

It said the Itaconix polymer was a key ingredient in a new non-phosphate dishwashing detergent, which the customer expected to have on European retail shelves by early 2022.

Itaconix said its TSI 322 product allowed detergent formulators to meet increasing consumer and retailer demands for sustainable products without compromising on cost or performance.

"Our Itaconix TSI 322 polymer continues to gain momentum as a key ingredient in North American dishwashing detergent formulations," said chief executive officer John Shaw.

"Replicating this success in Europe is an important milestone we set for 2021, particularly as we experienced delays in European formulation activity due to the Covid-19 pandemic."

Shaw said the company was "delighted" that an "innovation leader" in European dishwashing detergents was adopting the product to meet the brand's performance, price and sustainability goals.

"This order further validates the opportunity for Itaconix TSI 322 to set new standards for consumer value in an emerging generation of safer detergent products."

At 1455 BST, shares in Itaconix were up 4.07% at 6.14p.

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

 

Itaconix Market Data

Currency UK Pounds
Share Price 6.65p
Change Today -0.35p
% Change -5.00 %
52 Week High 16.20
52 Week Low 1.87
Volume 209,596
Shares Issued 443.46m
Market Cap £29.49m

Itaconix Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
4.12% above the market average4.12% above the market average4.12% above the market average4.12% above the market average4.12% above the market average
17.65% above the sector average17.65% above the sector average17.65% above the sector average17.65% above the sector average17.65% above the sector average
Price Trend
56.74% above the market average56.74% above the market average56.74% above the market average56.74% above the market average56.74% above the market average
77.78% above the sector average77.78% above the sector average77.78% above the sector average77.78% above the sector average77.78% above the sector average
Income Not Available
Growth
62.17% above the market average62.17% above the market average62.17% above the market average62.17% above the market average62.17% above the market average
55.56% above the sector average55.56% above the sector average55.56% above the sector average55.56% above the sector average55.56% above the sector average

Itaconix Dividends

No dividends found

Trades for 15-Oct-2021

Time Volume / Share Price
16:09 6,067 @ 6.65p
14:55 5,000 @ 6.66p
14:22 17,600 @ 6.66p
14:16 1,000 @ 6.66p
13:53 7,366 @ 6.66p

Itaconix Key Personnel

CEO John Shaw

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