BINDER+CO signs agreement with STATEC Marked increase in packaging technology business

Joint venture brings a move up to join the top international players

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Gleisdorf (euro adhoc) - Gleisdorf, November 3, 2008. Last Friday
(October 31, 2008), Binder+Co AG, which is listed in the mid market
of the Vienna Stock Exchange, signed contracts that will
significantly expand its packaging technology business. The company
had already announced on October 16 that the conclusion of this
transaction was imminent.

The now established joint venture with Statec, a company also located
in Gleisdorf, Austria, will create a specialist packaging technology
enterprise of international standing. Binder+Co is to bring in its
packaging technology business and in return will receive a 50.7%
participation in the new STATEC BINDER GmbH. The remaining 49.3% will
be held by the former owner of Statec.

As Karl Grabner from the Binder Board explains, "I am extremely
pleased that we have achieved the goal as planned. With the new joint
venture we have not only initiated a constructive co-operation with
one of our most important competitors, but at a stroke we have moved
up to be among the top international echelon of packaging systems
suppliers. Owing to the fact that we offer the world´s fastest
machinery, this opens up considerable potential. Moreover, we
anticipate that this teamwork will also provide us with interesting
synergies in the areas of product development, production and sales."

The two partner companies are successful in the high-performance open
mouth bagging sector and supplement each other perfectly with regard
to both their product portfolios and sales networks. Binder+Co is
also active in the field of palletising technology, while Statec
offers bag marking and production modules.

In geographic terms, Statec brings in important European markets
while Binder+Co has strengths in North and South America, as well as
in Asia. As the two companies focus partially on differing branches,
this spread offers considerable promise from two perspectives. In the
coming years, south-east Asia, India, South Korea, South America,
Eastern Europe, the Arab World and Europe will form joint marketing
targets, while the emphasis in branch terms will be on the
petrochemical industry and feed, fertilizer and sugar producers.

Jörg Rosegger, the Binder+Co Board member with responsibility for
sales sees the planned co-operation as providing a decisive extension
to the company´s scope for action, "As a result of the concentration
of experience and know-how and our joint market activities, we will
become the global market leader in the high-performance open mouth
bagging area, which is our product segment. Consequently, we can
employ our recognised position as a trendsetter in the field of
innovative and cost-effective industrial packaging to still greater
effect. The use of the STATEC brand, which has an extremely strong
market presence, will provide additional support in this regard."

In the medium-term, Binder+Co anticipates that apart from an increase
in sales, the new joint venture will also provide markedly expanded
market access. In the past three years, core business in the
packaging technology field has furnished 15 to 20% of Binder+Co AG´s
total sales. In the medium-term, an increase in the share of sales to
25 to 30% is planned via the joint venture.

Open mouth bagging The term open mouth bagging is understood as
meaning the filling of pre-produced paper, plastic film or synthetic
fabric bags with free flowing bulk goods such as fertilizer, plastic
granulate, feed or salts. Once filled, the bags weigh 5 to 50 kg and
are subject to technical demands that consist mainly of the highest
possible packaging capacity, high plant availability and low defect
levels.

BINDER+CO Binder+Co AG is a specialist in the field of processing,
environmental and packaging technology and the world market leader in
the screening and glass recycling segments. The company has been
listed on the Vienna Stock Exchange since December 2006 and in June
2007 was admitted to the new mid market segment. It has been
authorised to participate in regulated free trading since July 2007.
In 2007, Binder+Co had an average workforce of 214, sales amounting
to EUR 53.4 million and EBIT of EUR 4.9 million. The company
therefore had a solid EBIT margin of 9.2%.

The nucleus of Binder+Co´s packaging technology business activities,
which were launched in 1978, has long been formed by open mouth
bagging plants. Their concept has been continually refined with the
result that increasing demands relating to quality, performance and
reliability are always met in full. The plants are characterised by
the greatest flexibility with regard to the types of bag, material,
size and wear, optimum matching with widely differing products, high
performance, maximum plant availability, simple operation and menu
guidance. The plants can be employed for artificial fertilizers,
salts, chemical and petrochemical industry products, sand, cement,
sugar, rise, maize, seeds, animal feed and other free flowing bulk
goods.

STATEC Within just a few years, Statec, which was founded at the end
of 1999, has secured a significant role in the packaging technology
sector and is respected around the world as a competent partner for
all open mouth bagging applications.

Statec machines are designed for high-speed operations, but are
nonetheless suitable for universal employment. As a result, a variety
of bulk goods can be handled using virtually every type of bag
currently available on the market. Moreover, the company attaches
special importance to customised solutions, innovation and efficiency
and its packaging plants can be fitted with fully automatic labelling
and bag marking systems. This not only raises the level of plant
automation, but also facilitates the fulfilment of regional legal
statutes. Statec recently launched its revolutionary,
high-performance "System R" packing system, which represents an
absolute market innovation. This system combines direct bag
production from synthetic tubular fabric with proven, fully automatic
Statec packing capacity and thus furnishes major advantages with
regard to cost-efficiency, productivity and availability.

end of announcement euro adhoc
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ots Originaltext: Binder+Co Aktiengesellschaft
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Karl Grabner, member of the Board

Tel.: +43 (0) 3112/800-363

Branche: Machine Manufacturing
ISIN: AT000BINDER3
WKN:
Index: mid market
Börsen: Wiener Börse AG / Regulated free trade