2012 marks 125 years since Kores was founded

          A lot has happened since we celebrated the 120th anniversary of Kores in 2007 - we have gone through a period of rapid change and have turned our challenges into opportunities. With this in mind I would like to share some key moments with you.

          First of all, we have expanded our product range to include not only glues and correction materials but also drawing, writing and marking products, as well as laser toners and special papers. During 2009 and 2010 we consolidated our ownership of the Kores trademark by purchasing back the complete trademark rights for Germany, Benelux, Italy, Scandinavia and Anglophone Africa, thereby optimizing our distribution synergy and potential on the globalized marketplace.

          We have also completed a refurbishment and modernization of our production facility in Strmilov, Czech Republic. Our plant now produces glue sticks, correction and stamp pads after relocating our resources away from the older Kores Barcelona facility, which we decided to close in 2009. Kores Mexico successfully gained its ISO 9001:2008 and AP certification in 2010 and manufactures glue sticks, dry and liquid correction, as well as office classics such as carbon paper and printer ribbons, with a growing turnover in the United States and Latin America.

           In 2011 we were happy to launch our eKo-responsible range of correction and glue sticks. These products use more biodegradable components and in the case of correction rollers we offer our Roll on and Scooter models with liquid wood casing - a first in our industry. Kores laser toners and cartridges are all remanufactured and our high capacity models have a page yield of up 150% higher than comparable OEM products. All Kores laser toners declare the Nordic Swan certification, the highest environmental accreditation worldwide, and ISO 14001 certificate for proper environmental management. Step by step we are innovating our design and quality but also taking into account our customers desire for safe and environmentally responsible products.

           I am also proud that our Kores International Product Management team successfully launched a complete and high quality range of coloring pencils, Kores Kolores. In Latin America, as well as in Europe & Russia, we now offer teachers, parents and most importantly children, colored pencils that spread vivid color easily on paper, no mess sharpening, and additional products such as metallic, or skin toned colors. Kores Jumbo-sized Kolores, targeted at the early learning market, has opened up a whole new horizon for our brand, which can now be part of your everyday life and not just at work.

           As President of the Kores Group I will continue to put emphasis on new product development through research of office, school and home trends, coupled with using the most advanced materials and technology available so we can make and market stationery for the next generation.

           I would like to thank all our customers from around the world who are placing their trust in the Kores brand in increasing numbers, as well as generations of employees who through hard work and motivation over 125 years have contributed to the continuing evolution of Kores.

Peter Koreska

President

Kores Holding Zug

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