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Share Name | Share Symbol | Market | Type |
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Avery Dennison Corp | NYSE:AVY | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 222.14 | 1 | 14:10:31 |
Avery Dennison Performance Tapes has increased its Kunshan, China manufacturing capabilities with the installation of a new custom-built coater and enlarged the plant’s size by 3,500 sq. meters (37,674 sq. ft.). Avery Dennison will begin taking orders for products manufactured on the coater October 1, 2015.
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Photo courtesy of Avery Dennison Corporation
According to Michael Johansen, global vice president and general manager, Performance Tapes, the new equipment and plant expansion reflect the commitment by Avery Dennison to serve the needs of industry in China.
“Demand is high for industrial tapes and adhesives solutions in China,” Johansen says. “The electronics, automotive and general industrial segments are already significant in size and are growing fast. With our new coater, we can now better serve our customers in China with local production, which means faster delivery backed by a range of valuable services. Our Kunshan plant’s integrated service program, for example, will provide outstanding technical support, fast and reliable customer service and more flexible delivery options. At the same time, we will offer customized solutions for those customers that have special needs and requirements.”
Johansen notes that the plant will manufacture a broad range of high performance industrial tapes that bond different materials and substrates in diverse applications.
The Custom-built Coater
The high-speed, versatile custom-built coater can coat various coatweights and run solvent or emulsion adhesive tapes with a maximum width of 1.52m / 60 inch. It incorporates state-of-the-art safety systems and is part of an overall investment that includes adhesive storage, adhesive mixing and sophisticated exhaust systems.
The Kunshan plant expansion includes a new lab with test equipment that will enable Avery Dennison to develop new products and maintain the high quality and performance of its existing products. It also houses a manufacturing hall, as well as new offices and labs on the first and second floors. Avery Dennison expects to hire 30 additional employees to accommodate the new production and testing capabilities, with that number increasing as the business grows.
“Our employees are highly skilled and trained in the area of adhesive coating,” Johansen says. “Avery Dennison has 80 years of experience in adhesive coating, including 20 years in China. We look forward to putting our vast knowledge of adhesives and tapes to work for several of China’s key industrial segments.”
About Avery Dennison
Avery Dennison (NYSE:AVY) is a global leader in labeling and packaging materials and solutions. The company’s applications and technologies are an integral part of products used in every major market and industry. With operations in more than 50 countries and more than 25,000 employees worldwide, Avery Dennison serves customers with insights and innovations that help make brands more inspiring and the world more intelligent. Headquartered in Glendale, California, the company reported sales from continuing operations of $6.3 billion in 2014. Learn more at www.averydennison.com.
For more information visit: www.tapes.averydennison.com
View source version on businesswire.com: http://www.businesswire.com/news/home/20150917006318/en/
Avery Dennison Performance TapesHolly BillikT: +1 440 463-7292Holly.Billik@averydennison.comorBob GiulianoT: +1 610 328-1051Public Relations for Business, Inc.Bob.Giuliano@prplace.bizorJoyce SuRuder Finn AsiaT: +86 21 5383 1188×807suj@ruderfinnasia.com
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