Kardex Systems Ltd

KARDEX OVERSEAS DIVISION

Mission Statement
Kardex is a leading international provider of tailored solutions for automated storage, materials handling and retrieval. With a strong focus on partnership we make our customers more competitive by exceeding their expectations and needs. Our organisation is committed to innovative products, services and industry education. Reaching our business goals will enable us to offer both challenging and rewarding careers for all staff.

Kardex History
Kardex can trace its origins back to the 1880s, when the "Card Index System" was introduced in the USA. Over time, the company and its product ranges have changed greatly. However the creative culture within the organisation has not changed and we continue to build upon the long list of industry firsts, which include the typewriter, calculator, file cabinet. Today Kardex manufactures computer controlled automated storage and retrieval systems for a wide range of applications including office, industry and retail, providing increased efficiencies and productivity through innovation.

With over 75.000 successfully installed solutions all around the globe, our extensive customer base is one we are extremely proud of, and is a fitting reflection of the hard work and dedication of our staff. Since 1987 Kardex has been part of Kardex AG which is quoted on the Zurich Stock Exchange. The Group's main manufacturing facilities are in Germany. The Group employs around 2.100 employees and in 2005 had a turnover of €441 mln.

KARDEX Overseas Division: H.O. in Limassol (Cyprus) since 1980
The business of KARDEX is carried out through a number of subsidiaries worldwide, geographically grouped under the Northern Europe, Central Europe, Latin Europe, USA and the Overseas Division.

Cyprus has been the home of the Overseas Division since 1980 and is responsible for sales as well as marketing, technical and software support services to the Kardex network of distributors and to the Kardex direct operations in Greece, the Middle East and Gulf countries, Africa and the Far East.

In addition the Cyprus H.O. is responsible for the opening up of new markets and the management of the Kardex direct operations in Greece, Singapore, Malaysia, India, Taiwan and China.

The decision to locate the Overseas Division in Cyprus in 1980 was influenced by Cyprus's strategic geographical location to serve our overseas markets and the friendly but efficient business environment. Other factors that influenced our decision were the legal and accounting framework, which is based on the English system, the availability of well-trained and versatile manpower and the tax effective regime.

Why Kardex?
Kardex offers a wide range of automated storage and retrieval solutions, each designed to increase productivity and maximize on floor space, allowing companies to become more competitive in their daily operations.

Experience - Kardex has designed, manufactured and installed more than 75.000 solutions across a broad spectrum of industries. We pride ourselves on our ability to respond to any customer's needs through a commitment to creative, "outside of the box" thinking enabling us to resolve almost any storage and retrieval challenge.

Reduce Costs - Regardless of the individual storage challenge, all Kardex recommendations will have one common and clearly stated goal, and that is to help you save money. This is achieved in a variety of ways, such as:

• Dramatic floor space savings
• Increased order picking productivity
• Improved stock accuracy and security

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