Goodtech andHokuren Federation of Agricultural Cooperatives have signed a new 5-year supply contract for its PORTABULK® technology, packaging products and services toJapan . This agreement represents the latest renewal of a fruitful cooperation stretching back almost 30 years. The cooperation has typically yielded annual revenues in excess of 2 MUSD for Goodtech AS - which is expected to continue in a similar manner for the upcoming 5 years. TheHokuren Federation of Agricultural Cooperatives is headquartered inSapporo , on the island ofHokkaido -Japan's predominant agricultural area. The company is a leading supplier of high-quality agricultural products and services to this segment inJapan , andHokkaido - with its fertile land and nutrient-rich sea-scape, leads the country in the production of rice and fish while also sharing the lead in vegetable farming. For the execution of the contract deliveries, Goodtech AS cooperates very closely with its local Japanese representative -Mitsubishi Shoji Agri-Service Corporation .Margrethe Hauge , CEO atGoodtech , underpins the importance of the renewed partnership: «Our enduring and deep-rooted relationship with both Hokuren and Mitsubishi is highly regarded inGoodtech and we are very pleased to announce this continuation of our valued partnership. Together we have served the Hokkaidan agricultural segment for close to 30 years and, in signing this new long-term contract, we look forward to continuing our successful cooperation in the years to come." The overall supply agreement has a 5-year duration and its total value is expected to exceed 10 MUSD. The contract fits well intoGoodtech's core market areas within industrial production optimisation, whereGoodtech - as a Nordic leading specialist in industrial automation, robotisation and digitalisation, works to deliver customer value through more efficient, profitable and sustainable production systems. For more information, please contact:Margrethe Hauge , CEOGoodtech ASA Phone: +47 957 96 920 Email: Margrethe.hauge@goodtech.no Øyvind Osjord, CFO Goodtech ASA Phone: +47 950 46 649 Email: oyvind.osjord@goodtech.no
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