Founded in 2005, Twist Tobacco got off to a flying start. In no time, the East Flemish producer of rolling tobacco grew into a leading player, with customers the world over, from Russia to Japan. Twist Tobacco called on the services of Euler Hermes to support its international growth. The tobacco manufacturer uses sureties as a guarantee for the purchase of the mandatory tax stamps to be affixed on tobacco products. This guarantees the Treasury a minimal recovery of the excise payment should the company go bankrupt.
Antwerp-based shipping company Portmade has a longstanding tradition in customs representation. With over 1 million transactions a year and a presence in the 3 largest ports in the Benelux, Portmade is a major player in the customs world. It currently offers an all-round customer service to support logistics service providers: shipping lines, terminal operators, freight forwarders, industry players, etc. The company focuses strongly on the digitization and automation of declaration flows. Portmade Director Guio Veraart: “All our activities are bond-related. This requires a relatively large surety package, with the necessary flexibility. We found that flexibility at Euler Hermes.”