Avery Dennison Expands Production Capabilities in Southeast Asia; New Manufacturing Facility Sets Stage for Future Market Growth.Business Editors PASADENA, Calif.--(BUSINESS WIRE)--July 10, 2000 Avery Dennison Avery Dennison Corporation (NYSE: AVY) produces pressure-sensitive materials (such as self-adhesive labels), office products, and various paper products. R. Stanton Avery founded Avery in 1935. Avery Dennison Corporation was created in 1990 by merger of Avery and Dennison. Corporation (NYSE NYSE See: New York Stock Exchange :AVY)(PCX (1) A bitmapped graphics file format that handles monochrome, 2-bit, 4-bit, 8-bit and 24-bit color and uses RLE to achieve compression ratios of approximately 1.1:1 to 1.5:1. Images with large blocks of solid colors compress best under the RLE method. See PC Paintbrush. :AVY) announced today that it has officially opened a manufacturing facility in Rayong, Thailand. The new plant, located near Bangkok, represents an investment of approximately $15 million by Avery Dennison. "We are committed to continued growth of our businesses in the Asia Pacific region," said Philip M. Neal, chairman and chief executive officer of Avery Dennison. "Our strategy is to place our industry-leading expertise, experience and proprietary manufacturing technology close to our customers, so we can become an integral part of growing their business." The new Thailand facility will expand the Company's production capacity to meet the demand for pressure-sensitive materials in growing ASEAN ASEAN: see Association of Southeast Asian Nations. ASEAN in full Association of Southeast Asian Nations International organization established by the governments of Indonesia, Malaysia, the Philippines, Singapore, and Thailand in (Association of Southeast Asian Nations Association of Southeast Asian Nations (ASEAN), organization established by the Bangkok Declaration (1967), linking the nations of Indonesia, Malaysia, Philippines, Singapore, and Thailand. ) markets. Additional investments in the region are planned with the opening of a distribution center in Malaysia later this month and a distribution center in the Philippines scheduled to open in October. The Thailand manufacturing facility will allow Avery Dennison to provide a wide range of locally manufactured Fasson-brand pressure-sensitive materials to label converters in the ASEAN region, meeting the growing demand for high-quality label material. Customers will be able to select from a wide range of adhesives and paper and film facestocks. The close proximity of manufacturing operations Manufacturing operations concern the operation of a facility, as opposed to maintenance, supply and distribution, health, and safety, emergency response, human resources, security, information technology and other infrastructural support organizations. to customers, in addition to the two new distribution centers in the Philippines and Malaysia, will provide Avery Dennison customers in the region with reduced order lead times and more flexible inventory management. Avery Dennison initially entered the ASEAN market with the establishment of a sales office in Singapore in 1987, and a distribution and finishing center in Thailand in 1994. Avery Dennison is a global leader in pressure-sensitive technology and innovative self-adhesive solutions for consumer products and label materials. Based in Pasadena, Calif., the Company had 1999 sales of $3.8 billion. Avery Dennison develops, manufactures and markets a wide range of products for consumer and industrial markets, including Avery-brand office products, Fasson-brand self-adhesive materials, peel-and-stick postage stamps This is a list of postage stamps that are especially notable in some way. The best-known stamps:
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