Investing in our people

In 2015, we launched the LC Packaging Employee Satisfaction Survey for all our colleagues in our offices worldwide. As our people are our greatest asset, their opinion matters and we believe that listening and acting on feedback is crucial for the future of our company. With conviction, we can report that there is a high satisfaction level at our company, and we received a lot of useful input and feedback. For example: as a result of this survey, last year we invested additionally in the personal development of our employees, by providing internal and external training and education. In 2016, we will further professionalise our HR activities with the introduction of special software for talent management: TalentExcellence.

Strategic Investments

In Halle, Pacapime has invested over €10 mln in the latest Bobst Flatbed die cutter with 7 colour printing. This is the most modern flatbed die cutter available on the market today for the very highest levels of die cutting productivity. The machine should be operational early 2016 and will give us the necessary advantage in the corrugated board market.

For LC Packaging, the African market has become increasingly important and strategic. It is the fastest growing region for the LC Packaging Group. LC Shankar, our own production location in FIBCs, has already reached the required levels for running an efficient and high-quality operation. In addition to our regional office in Johannesburg, South Africa, we also opened a new office in 2015, in Abidjan, Ivory Coast, to better service our West African customers. At the same time, we have established a new entity in Namibia, from which our Central African customers will be served. Willem Bron, Managing Director

LC Packaging West Africa: “Big bags are a relatively new solution in West Africa, which is home to a great deal of diversity: three world languages, multiple cultures and some of the fastest growing countries in Africa and the world. To service this diverse market, we opened an office in Abidjan, from where we assist our customers, keep stock and distribute our tailor made big bags. Our model involves local presence, knowledge and production. Based on growing demand, this could mean that we can open an extra local production location in the future.”

New: LC Packaging West Africa

Liliane Lingue

Maiga Boubakar

Willem Bron

Rebecca Moro

In 2015, LC Packaging Nordics AB was established. From an office in Svedala, Sweden, we now serve the Scandinavian countries and beyond! A milestone in the history of LC Packaging. Our main focus will be serving the industry with FIBCs. Both local customers and international customers who have a local presence in Scandinavia and who are looking for the same level of comfort they experience in other countries where LC is their partner.The new LC office is managed by Mr. Johan Pagels, who has extensive knowledge and experience in

the Nordic FIBC industry. Pagels: “The new office is part of LC Packaging’s existing growth strategy - to expand our business in new markets and to go where our customers go. The Nordics is a huge geographical market with a clear demand for FIBC, Agri and cardboard solutions. Like most Nordic companies we believe long-term success and partnership are more important than short-term benefits. We offer our customers sustainable products and services, the benefit of an international network and the full use of our experience.”

New: LC Packaging Nordics

Johan Pagels

Karin Andersson Jardby

To expand its product range and market knowledge, LC Packaging acquired Geerings Horticultural Products, in 2015: one of the UK’s foremost suppliers of floristry, plant and horticultural packaging since 1903.

Martin Schrooder, Managing Director LC Packaging UK: “This was an ideal combination, as both companies are family businesses and have a deep history in providing specialist packaging products. Bringing Geerings into the LC family allows us to improve our offer.”

Acquisition: Geerings Horticulture Products

Martin Schrooder

Geerings Horticulture Products

As of October 27, 2015, LC Packaging Belgium NV has taken over the trading activities of Apaches bvba in bankruptcy. The assets, excluding any debts, were taken over from the insolvency administrator. This acquisition strengthens the portfolio of LC Packaging and has built a stable and prominent position in the field of cardboard packaging and

displays.The current market position, proven track record and years of experience, combined with the acquisition of Apaches trading activities, allows LC Packaging Belgium to meet the packaging needs and market demand even more effectively for customised packaging, POS, and cardboard and permanent displays.

Acquisition: Apaches

Catherine Van Buylaere

Cardboard

Strategic Investments

At LC Packaging, we reinvest our profit in the company. For example, in our IT infrastructure, our offices, warehouses and production locations, process improvement and innovative packaging solutions. In 2015, we opened two new offices to better service our Nordic customers and the West African market, and to expand our knowledge and product portfolio, in 2015 we also acquired two prominent packaging brands: Apaches and Geerings Horticulture Products.