03/05/05 IFCO Systems Announces Grand Opening of Portland, Oregon Pallet Services Facilities

New facility brings pallet management and recycling services to the Rivergate Industrial Area

IFCO Systems is pleased to announce the grand opening of its newest pallet services facility in Portland, Oregon. The addition of this facility brings IFCO Systems' total number of pallet service facilities to 57. The new location is centrally located to bring pallet recycling, pallet retrieval and overall pallet management services to customers throughout Oregon.

The Portland facility opened on March 21, 2005. Conveniently located just off the Columbia River in the Port of Portland area, west of I-5, this IFCO facility has access to convenient shipping lanes that will allow for quick and easy service within a 200 mile radius. This facility will service Western, OR including Portland, Salem and Eugene along with Seattle, WA and the I-5 corridor throughout Oregon and Washington.

"Being a national company allows IFCO to offer a complete range of services for pallet management, from supply through recovery, reconditioning and disposal. Our broad infrastructure, expertise and flexibility mean we can provide customized, single-source solutions," says Steve Means, Manager of New Market Development.

This facility will also service many new customers as well as current customers Clorox, Georgia Pacific, Staples, McLane Foodservice, Target, and Office Depot. The opening of the Portland area facility will bring at least 25 new jobs to the area in the first year.

IFCO Systems, Portland is located at 10400 North Lombard Street, Portland, OR 97230. For a free pallet services consultation in Portland, contact Joe Hendrickson at 877-255-4142 or Joe.Hendrickson@ifcosystems.com .

IFCO Systems is an international logistics service provider with more than 150 locations worldwide. IFCO Systems operates a pool of more than 75 million RPCs (Reusable Plastic Containers) globally, which are used primarily to transport fresh produce from producers to leading grocery retailers.

In the United States, IFCO Systems also provides a national network of pallet management services. With more than 50 million wooden pallets recycled annually, IFCO Systems is the market leader in this industry. In 2004, IFCO Systems generated revenues of 495.9 million USD.

IFCO Systems is listed on the Frankfurt Stock Exchange in the Prime Standard segment (IFE1).