Bong AB: Renewal of DuPont™ Tyvek® agreement between Bong and DuPont – will
continue to boost packaging sales of Bong
KRISTIANSTAD, Sweden -- April 19, 2013
The exclusive agreement between Bong (STO:BONG) and DuPont for the
manufacturing, marketing and sales of Tyvek® branded envelopes and pockets and
postal packaging solutions in Western Europe has been renewed and is valid for
an additional three years. This follows the results of the initial agreement
first established between Bong and DuPont de Nemours (Luxembourg) in 2009.
Bongs sales of Tyvek® products within this agreement has grown quickly within
the last couple of years and is currently on a level of approximately SEK 80
Tyvek® is a spunbond polyethylene material developed and manufactured by
DuPont. It is light, thin and flexible and also extremely tough and durable.
Tyvek® is, for example, tear and water resistant and therefore highly suitable
for protective envelopes and postal packaging solutions. These properties
ensure products and documents arrive safely, and are of a great benefit to any
e-commerce business, or a company in need of a secure mailer for sensitive
Bong will continue to buy the Tyvek® material from the DuPont Luxembourg plant
and convert it into finished products in its production site located in
Luxembourg. Bong will continue to market and sell Tyvek® envelopes and postal
packaging solutions as a part of its Propac range, as well as a part of the
offer within Bong Security Solutions which belongs to the Bong packaging
division; Bong Packaging Solutions.
The renewed Tyvek® agreement is expected to continue to contribute positively
to Bong’s result, and Bong is dedicated to continue the good collaboration,
within the set agreement, with DuPont.
Bong is a leading provider of specialised packaging and envelope products in
Europe, offering solutions for distribution and packaging of information,
advertising materials and lightweight goods. Important growth areas in the
Group are the Propac packaging concept and Russia. The Group has annual sales
of approximately SEK 3 billion and about 2,200 employees in 15 countries. Bong
has strong market positions in the majority of key markets in Europe, and the
Group sees interesting possibilities for continued expansion and development.
Bong is a public limited company whose stock is quoted on the NASDAQ OMX
Nordic Stock Exchange Stockholm (Small Cap).
This information was brought to you by Cision http://news.cision.com
Anders Davidsson, President and CEO
Telephone (switchboard) +46 (0)44 20 70 00
(direct) +46 (0)44 20 70 80
(mobile) +46 (0)70 545 70 80
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