InterBulk Group plc
("InterBulk")
Tender win with
AkzoNobel Packaging Coatings
InterBulk, (AIM:INB) a leading provider of intermodal logistics solutions for
the movement of liquid and dry bulk materials, is pleased to announce that it
has won a tender for a 3 year contract for logistic services with AkzoNobel
Packaging Coatings ("AkzoNobel"). The contract, which is expected to commence
in January 2009, will include management of a dedicated fleet of tank
containers for the distribution and collection of varnishes, lacquers and
resins in bulk from and to the AkzoNobel works in Birmingham, UK. The contract
is expected to have an approximate value of £9 million over 3 years.
AkzoNobel is the leading manufacturer of coatings and inks for the external
decoration and internal protection of food, beer and beverage cans. They also
supply a range of adhesives and ink media for the film to film and film to foil
flexible packaging industry.
It is intended that InterBulk will provide a team of logistics professionals to
work in partnership with AkzoNobel staff, and InterBulk will initially provide
a fleet of approximately 130 dedicated tank containers, specified to the latest
technology, which will be utilised throughout Europe.
The commitment of InterBulk to provide supply chain solutions to the packaging
coating business is an acknowledgement of the steady growth of demand for
tailored logistics in this high growth potential business.
InterBulk has extensive experience in this sector and has a successful track
record. The service will be delivered through InterBulk's own comprehensive
European network with operations close to AkzoNobel's customers.
InterBulk Group plc's CEO Koert Van Wissen added,
"We are delighted to have won this tender it is testament to our high quality
service and track record. We look forward to working with AkzoNobel and are
confident that in this real spirit of partnership, we can deliver customised
technical and supply chain solutions to ensure real performance excellence
andcreate sustainable value for all stakeholders."
About InterBulk Group plc
* InterBulk Group plc ("InterBulk") is a leading supplier of global
intermodal logistics solutions for the movement of liquid and dry bulk
materials.
* InterBulk provides environmentally friendly and cost effective door-to-door
supply chain solutions that include intermodal transportation, temporary
storage and material handling services.
* InterBulk is one of the world's largest operators of tankcontainers for the
movement of liquids and Europe's leading provider of intermodal
`bag-in-box' containers for the movement of dry bulk products.
* InterBulk also provides Flexitank services for the movement of
non-hazardous liquid bulk products and own InBulk Technologies Ltd
("InBulk"), who provide special containers for the movement of dry bulk
powder materials that can be loaded and discharged in a horizontal position
via the patented non-tipping "ISO-Veyor" technology.
For further information, please contact:
InterBulk Group plc Tel: 01355 575 000
Bill Thomson, Chairman
Koert van Wissen, CEO
Scott Cunningham, Finance Director
Dowgate Capital Advisers (NOMAD) Tel: 020 7492 4777
James Caithie
Arden Partners Tel: 020 7398 1600
Chris Hardie
Buchanan Communications Tel: 020 7466 5000
Charles Ryland, Jeremy Garcia, Ben
Romney