Customer Stories

Twist Tobacco found the ideal partner in Euler Hermes

Founded in 2005, Twist Tobacco got off to a flying start and grew into a leading player, with customers the world over, from Russia to Japan. 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.

Why Portmade chose Euler Hermes

Antwerp-based shipping company Portmade has a longstanding tradition in customs representation and is a major player in the customs world. 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.”

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