News : Bong

The exclusive agreement between 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...

”A positive product mix within ProPac and lower costs due to previously implemented restructuring programmes resulted in an improvement in the third quarter,” says Bong’s President and CEO Anders Davidsson. ”The worsening economic situation in Europe is having a negative impact on the envelope market and we will continue to actively work with cost-cutting measures to deal with this situation.”

July-September 2012

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Håkan Gunnarsson has been appointed new CFO of Bong AB.

Håkan Gunnarsson is 43 years old and has worked for the Bong group since 1999. Most recently, he has been the business unit controller for the Nordics and Russia as well as controller for ProPac – Bong’s growth area within specialty packaging. Håkan will be a member of Bong’s group leadership team and will take his new position immediately.

At the same time,...

“During the first half of the year we achieved results before restructuring costs that are in line with last year, despite more challenging market conditions,” says Bong’s President and CEO Anders Davidsson. “To ensure our continued recovery of profitability, we have implemented powerful new restructuring measures that will provide lower costs in the second half.”

April – June 2012...

“The first quarter of 2012 was characterised by a strong recovery after the difficult fourth quarter of 2011. Improved margins and lower fixed costs contributed to a significant improvement in performance” says Bong President and CEO Anders Davidsson. “Now we are intensifying our efforts to raise productivity in order to ensure long-term competitiveness and profitability.”

January – March 2012

· Net sales SEK 816...

The shareholders of Bong AB (publ) are hereby invited to attend the Annual General Meeting to be held on Wednesday 16 May 2012 at 2.00 p.m. CET in IMP’s premises at Ångbåtsbron 1 in Malmö.

A. Right to attend

Shareholders who wish to attend the Annual General Meeting (“AGM”) must

–      be recorded in the share register kept by Euroclear Sweden AB made as of Thursday 10 May 2012, and
–      notify the company of...

As a part of Bong’s efforts to further grow its ProPac range (specialty packaging), a new business unit has been formed, Bong Packaging Solutions. ProPac has grown by about 30 percent annually in recent years and net sales in 2011 amounted to more than SEK 500 million. The trend towards more distance shopping (e.g. e-business), a growing need for attractive and easy-to-use gift bags in retail stores, and higher...

“The integration process following the Hamelin merger and efforts to realise synergies have progressed as planned. Cashflow was robust as of first year and key savings measures will successively reduce costs in the company in 2012 and forward,” says Bong President and CEO AndersDavidsson. ”However, economic uncertainty in Europe, higher raw material prices and tough competition have put pressure on our margins. We...

Bong has acquired 50 percent of the packaging company Angus & Wright Limited and has also got an option to buy the remaining 50 percent within the next five years.

Angus & Wright is based outside London, UK and is selling a wide range of automatic packaging machines and coldseal material (mainly plastic or board) on reels to European E-fulfillment companies. So far, most of the machines have been installed in...