Avery Dennison expands Asia Pacific operation.HONG KONG--(BUSINESS WIRE)--Nov. 6, 1995--Avery Dennison Corp., a U.S.-based worldwide leader in self-adhesive (pressure-sensitive adhesive adhesive, substance capable of sticking to surfaces of other substances and bonding them to one another. The term adhesive cement is sometimes used in place of adhesive, especially when referring to a synthetic adhesive. ) materials, office products, tags and retail systems, has announced plans to expand its operations in China, Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. and throughout Asia Pacific in order to secure a solid position in this burgeoning marketplace. Charles D. Miller, 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. chairman and chief executive officer, in China earlier last week to officially open the company's new adhesive coating factory in Kunshan, China, emphasized Avery A·ver·y , Oswald 1877-1955. American bacteriologist noted for establishing (1944) that DNA is responsible for the transmission of heritable characteristics. Dennison's firm commitment to the region and the company's strategy to move swiftly to establish its pressure- sensitive businesses in key locations throughout Asia Pacific. In addition, Miller announced that Avery Dennison plans to build a new facility in Hong Kong to house the expanded 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. of its highly successful Soabar-brand business, which has been providing tickets and tags for apparel and retail customers throughout the Asia Pacific from its base in Hong Kong since 1977. The facility will also house the activities of the company's Asia Pacific Group management team -- under the direction of Robert D. Fletcher Fletcher may refer to one of the following: Ideas and companies
Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. commitment to establish the Hong Kong area as the regional hub for its Asia Pacific operations. Construction of the new 11,000-square-meter facility, located on a 15,000-square-meter site in the Tseung Kwan O Tseung Kwan O (also called Junk Bay) is a bay in southeastern New Territories, Hong Kong, China. In the northern tip of the bay lies the Tseung Kwan O Village. area of Hong Kong, is expected to be completed by October 1996. The opening of the company's 5,500-square-meter adhesive coating plant in Kunshan, China, last week represents a significant first step for Avery Dennison in serving the important Chinese and Asia Pacific markets with high-quality self-adhesive products. "Avery Dennison is proud to be the first multinational company to build a pressure-sensitive adhesive label An adhesive label is a small piece of paper designed to be affixed to another larger piece of paper or other object, typically by the action of a layer of adhesive on the back of the label. materials plant in China," said Miller. "Our presence in China will support the growth of local label converters in China and throughout Asia Pacific, as well as global consumer products manufacturers who are currently building, or have already built, manufacturing facilities here. "We recognize an immediate and growing market for high- quality self-adhesive label materials in Asia Pacific, and we are moving aggressively to become the leading materials producer in the region," Miller stated. "Because pressure-sensitive adhesive materials can be used in so many products, and our technology is so versatile, Avery Dennison products fit perfectly into the thriving thrive intr.v. thrived or throve , thrived or thriv·en , thriv·ing, thrives 1. To make steady progress; prosper. 2. new consumer markets of Asia Pacific. "Until now, we have imported our Fasson-brand pressure- sensitive adhesive materials into Hong Kong and other locations in Asia Pacific from our other Avery Dennison operations," explained Miller. "Label converters for multinational consumer product manufacturers have then printed and converted those materials to meet the needs of the Asian market. As we establish local manufacturing operations throughout China and the region, such as our Kunshan plant, we will be able to serve global consumer products companies and local label converters more effectively." Commenting on the company's plans to build a combined manufacturing and office facility in Hong Kong, Fletcher said: "We are pleased that this new Hong Kong facility will create much-needed manufacturing capacity for our fast-growing Soabar business as well as provide a permanent base for the activities of our Asia Pacific management team. It makes sense to organize these activities in Hong Kong, where support and service can be readily available to our growing customer base." Avery Dennison has developed a solid business foundation in the Asian marketplace spanning two decades, as part of the company's fundamental growth strategy to expand its business internationally. Since 1977, the company has successfully operated its Soabar Systems business in Hong Kong. In 1989, the company established a pressure-sensitive adhesive materials facility in Korea to serve the region's growing and increasingly sophisticated consumer packaging industry. By 1994, Avery Dennison was operating distribution centers in Singapore and Shanghai Shanghai (shăng`hī`, shäng`hī`), city (1994 est. pop. 12,980,000), in, but independent of, Jiangsu prov., E China, on the Huangpu (Whangpoo) River where it flows into the Chang (Yangtze) estuary. , and regional headquarters were established in Hong Kong, organizing all Avery Dennison business activities in that part of the world into one group. This year, the company opened its Kunshan, China, plant and began implementing its 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 business development plans. Over the next decade, Avery Dennison plans to invest and grow in Asia Pacific a number of Avery Dennison businesses that have enjoyed success in other international markets, such as office labels, industrial adhesives, diaper tapes and self- adhesive films for outdoor advertising. Avery Dennison is a major worldwide pressure-sensitive adhesive materials supplier to many packaged goods Noun 1. packaged goods - groceries that are packaged for sale foodstuff, grocery - (usually plural) consumer goods sold by a grocer plural, plural form - the form of a word that is used to denote more than one manufacturers, including Johnson & Johnson, Procter & Gamble, Chesebrough-Ponds and Bausch & Lomb, a leading manufacturer of health care and optical products. "We look forward to continuing to build our relationship with these companies and to meet their needs cost effectively as they expand in this region," Miller stated. "We have been a major label materials supplier for product manufacturers in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. for more than 50 years, and are delighted to take this opportunity to extend our services to these companies and new customers in China and the region. Avery Dennison's high-quality pressure-sensitive adhesive materials enable customers in the Asia Pacific region to have a cost-effective cost-effective, n the minimal expenditure of dollars, time, and other elements necessary to achieve the health care result deemed necessary and appropriate. and unified packaging standard for their products in each country or market." In China, Avery Dennison has established sales offices in Shanghai, Guangzhou and Tianjin. In addition, new distribution centers will be established in Guangzhou and Beijing or Tianjin. "We believe that continued consumer demand for higher quality product packaging will create a new concept of packaging in China," Miller stated. "New label materials will raise the profile of Chinese products in foreign markets while also increasing the product appeal within China." Avery Dennison, a Fortune 500 company ranked 393, is a worldwide leader in manufacturing self-adhesive materials, tape and labels, office products, tags, retail systems and specialty chemicals A Specialty chemical is a chemical produced for a specialized use. They are produced in lower volume than bulk chemicals, of which petrochemicals, made from oil feedstocks, are the most common. However, both are produced in a chemical plant. . Consumer brands include AVERY office labels, indexes, binders and software, and FASSON self-adhesive materials for industrial markets. The company has headquarters in Pasadena, Calif., and has 15,800 employees in 200 manufacturing facilities and sales offices in 29 countries. CONTACT: Avery Dennison, Pasadena Diane B. Dixon, 818/304-2118 (media) dixon@averydennison.com or Wayne H. Smith, 818/304-2001 (investors) investorcom@averydennison.com |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion