Itaconix (ITX)

Sector:

Industrial Chemicals

Index:

FTSE AIM All-Share

142.50p
   
  • Change Today:
    -2.50p
  • 52 Week High: 263.00
  • 52 Week Low: 114.00
  • Currency: UK Pounds
  • Shares Issued: 13.49m
  • Volume: 6,800
  • Market Cap: £19.22m

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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Itaconix Market Data

Currency UK Pounds
Share Price 142.50p
Change Today -2.50p
% Change -1.72 %
52 Week High 263.00
52 Week Low 114.00
Volume 6,800
Shares Issued 13.49m
Market Cap £19.22m

Itaconix Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
17.95% below the market average17.95% below the market average17.95% below the market average17.95% below the market average17.95% below the market average
Sector averageSector averageSector averageSector averageSector average
Price Trend
32.67% below the market average32.67% below the market average32.67% below the market average32.67% below the market average32.67% below 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
Income Not Available
Growth
50.41% above the market average50.41% above the market average50.41% above the market average50.41% above the market average50.41% above the market average
64.71% above the sector average64.71% above the sector average64.71% above the sector average64.71% above the sector average64.71% above the sector average

Itaconix Dividends

No dividends found

Trades for 19-Jul-2024

Time Volume / Share Price
15:35 1,250 @ 144.00p
15:35 1,250 @ 144.00p
15:33 2,480 @ 144.00p
14:57 1,820 @ 141.21p

Itaconix Key Personnel

CEO John Shaw
CFO Laura Denner

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