BEWI enters into strategic agreement for supply of raw material to Bachl

BEWI, a leading provider of packaging, components, and insulation solutions, today announces that the company has entered into a long-term strategic agreement with the Karl Bachl Group (“Bachl”) for the supply of EPS raw material, including recycled EPS.

“We are very pleased to enter this partnership with Bachl. Not only will Bachl become one of our largest external customers, and therefore important to securing offtake of volumes, but together we share the ambition to work for a circular economy. Both companies continuously search for more sustainable solutions,” says Alan Moss, EVP and head of BEWI’s raw materials division.

The German company Bachl was founded in 1926 and is owned by Karl Bachl and his family. The group has grown to become one of the largest German suppliers of insulation solutions, with approximately 3 000 employees. The company offers insulation solutions mainly from EPS, XPS and mineral wools.

Delivery of raw material has started in September 2023, with gradual ramp-up towards the end of 2024.

BEWI RAW is a leading provider of various EPS raw materials, including white and grey expanded polystyrene (EPS), various grades of recycled EPS, general purpose polystyrene (GPPS), in addition to Biofoam, a fully biobased particle foam.

Contact:

Charlotte Knudsen, Director of IR and Communications BEWI ASA, tel: +47 9756 1959

About BEWI ASA

BEWI is an international provider of packaging, components, and insulation solutions. The company's commitment to sustainability is integrated throughout the value chain, from production of raw materials and end goods, to recycling of used products. With a vision to protect people and goods for a better every day, BEWI is leading the change towards a circular economy.

BEWI ASA is listed at the Oslo Børs under ticker BEWI.