Mondi : Revolutionary packaging solution will change online grocery shopping worldwide

Swedish iFoodbag signs global production agreement with Mondi to enable easy online shopping for temperature-controlled goods.

iFoodbag has signed a global production agreement with the international packaging and paper group Mondi. As an integrated supplier, Mondi can offer support and experience along the entire production and supply chain of the iFoodbag®. This innovative product, which will transform online grocery shopping, will now be available globally.

iFoodbag - we simplify life

Online shopping and e-commerce are growing steadily worldwide. However, at present, shopping online for chilled or frozen goods is not as easy as shopping online for goods such as shoes, furniture or electronics. For customers it would be very beneficial to be able to shop conveniently online for all types of groceries, including chilled and frozen products, and have them delivered fresh, not only in large cities but wherever in the world they are. Until now, this has not always been feasible, but iFoodbag offers now a smart solution to the logistical challenges of temperature-controlled goods.

The iFoodbag®, a newly invented product developed by Swedish start-up iFoodbag, is a smart solution to those challenges and will transform online grocery shopping globally. Ordering frozen or chilled products from your favourite online store will now be far more viable thanks to the innovative iFoodbag®.

The iFoodbag®, for which several patents are pending, is made from a revolutionary paper-based composite material. The result is a temperature-controlled packaging solution that can protect chilled and frozen goods for up to 24 hours, subject to certain temperature constraints and circumstances. Recent tests conducted, documented and verified by leading research institute Innventia have proven the iFoodbag®'s unique benefits and its performance in keeping goods, such as foodstuffs and pharmaceuticals, chilled or frozen.

iFoodbag® - customer focus with passion for performance

This innovative packaging product will be a genuine game-changer, as it will optimise and simplify the transport chain for temperature-controlled goods in new ways. Food retailers who until now have struggled to offer an efficient logistical set-up for temperature-controlled home deliveries will be able to pack frozen and chilled goods in the iFoodbag® and ship them in conventional vehicles instead of refrigerated trucks. This will be added-value for online retailers as logistics and distribution costs will fall significantly.

'We have thoroughly assessed several production partners during the last year to find a competent and forward-thinking company that will market this amazing product with us. We are now happy to have signed an exclusive agreement with Mondi Industrial Bags. They are a leader within their industry, with production facilities all over the globe, while we have the leading and unrivalled technology for temperature-controlled goods. So we are a perfect match. This is a prerequisite for our global expansion roll-out during 2016,' says iFoodbag's founder and CEO Karl Fallgren.

'We are excited about this new product developed by iFoodbag,' says Claudio Fedalto, Deputy COO and Sales & Marketing Director of Mondi Industrial Bags. 'We strongly believe in the innovative strength of the iFoodbag's idea and the many benefits it will bring to retailers and consumers,' he continues. 'Already in the past we have driven innovation for our customers, and the iFoodbag® concept is a perfect fit with our innovation culture. We will support iFoodbag with our expertise in bag production, our packaging know-how and our strong and global production footprint.'

Karl Fallgren
CEO and Founder of iFoodbag
Tel: +46 76 163 47 03
Email: karl.fallgren@ifoodbag.se

iFoodbag AB, Box 2828, 187 28 Täby, Sweden
www.ifoodbag.com

Sabine Ehrlich-Zingel
Marekting Manager of Mondi Industrial Bags
Tel: +43 1 790 13-0
Email: sabine.ehrlich@mondigroup.com

Mondi Industrial Bags GmbH, Marxergasse 4A, A-1030 Vienna
www.mondigroup.com

iFoodbag is a Swedish start-up company and newcomer in the packaging industry. It was founded in 2013 and developed the unique paper bag of that name, the iFoodbag®. The iFoodbag® is an innovative bag made from a composite material that can protect chilled and frozen food for up to 24 hours as a passive packaging solution. The iFoodbag®. is intended to solve inter alia the following problems:

• E-commerce logistics challenge: costs and product quality
• Improved quality for chilled and frozen items
• Environmental waste

The company has received a number of awards for its new approach and start-up idea. For further information, please visitwww.ifoodbag.com

Mondi is an international packaging and paper Group, employing around 25,000 people across more than 30 countries. Our key operations are in central Europe, Russia, North America and South Africa. We offer over 100 packaging and paper products, customised into more than 100,000 different solutions for customers and end consumers. In 2014 Mondi had revenues of €6.4 billion and a return on capital employed of 17.2%.

The Mondi Group is fully integrated across the packaging and paper value chain - from managing forests and producing pulp, paper and compound plastics to developing effective and innovative industrial and consumer packaging solutions. Our innovative technologies and products can be found in a variety of applications including hygiene components, stand-up pouches, super-strong cement bags, clever retail boxes and office paper. Our key customers are in industries such as automotive; building and construction; chemicals; food and beverage; home and personal care; medical and pharmaceutical; packaging and paper converting; pet care; and office and professional printing.

Mondi has a dual-listed company structure, with a primary listing on the JSE Limited for Mondi Limited under the ticker code MND and a premium listing on the London Stock Exchange for Mondi plc under the ticker code MNDI.

For us, sustainable development makes good business sense. We don't just talk about sustainability; we make it part of the way we work every day. We have been included in the FTSE4Good Index Series since 2008 and the JSE's Socially Responsible Investment (SRI) Index since 2007.

Last change: 16/11/2015