ITAB - One of the leading supermarket chains in the United Kingdom have signed a recycling agreement with ITAB Shop Concept

One of the leading supermarket chains in the United Kingdom have signed a recycling agreement with ITAB Shop Concept

8/24/2007 2:50:00 PM

One of the leading supermarket chains in the United Kingdom have signed a recycling agreement with ITAB Shop Concept. This agreement involves the factory processing, re-finishing, distribution & installation of recycled display shelving for all Morrison’s sites over a 2 year period. The project, valued in excess of £ 7 million (Sterling) involves the use of a unique recycling process, that is both environmentally friendly and cost effective.

ITAB Shop Concept (registered office in Jönköping, Sweden - shares subject to trading on First North) has underwritten an agreement between their chain and our subsidiary company ITAB CG in the United Kingdom. This order confirms ITAB’s position as a major provider of retail related services, shop fitting and display equipment in that region. The order also reflects ITAB’s on going policy to reduce its impact on the environment and aid clients in their commitments to reduce carbon output.

The general principle of the recycling project is to replace 100% of all the core shelving in a refit store with recycled and refurbished replacement product. This allows the client to introduce a new shop concept in all departments, whilst  reducing costs and emissions.

The agreement is expected to give a positive effect on result per share during 2007.

ITAB Shop Concept supplies complete shop fitting related products & services to the retail market. The activities consist of project management, design, construction, development, manufacturing and sales. The concept range includes standard steel and joinery display equipment, checkouts and entrance systems with a bespoke product service. The annual turnover of ITAB Shop Concept is approximately SEK 2,200 million. The group has 1 300 direct employees.

Certified adviser of ITAB Shop Concept is Remium AB.

For further information, please contact:
ITAB Shop Concept AB

CEO Jan-Ola Wiréhn
Telefon: +46 36 31 73 00
Mobil: 0705-776076

CBO Mikael Gustavsson
Telefon: +46 36 31 73 00
Mobil: 0705-162866

Box 9054, SE-550 09 JÖNKÖPING
Phone: +46 [0]36 31 73 00
info@itab.sewww.itab.se

Attached file:
Pressrelease 070823