CCL Industries embarks on $30-million expansion plan

CCL Industries Inc., a world leader in labelling and specialty packaging solutions for the consumer products and healthcare industries, announced plans to invest $30 million during 2011 and 2012 to expand its CCL Label operations in emerging markets. The company will build three new greenfield plants and also invest in additional capacity at some of its existing facilities. A new third plant in Thailand will provide increased capacity and new technologies to support Home & Personal Care (HPC) and Beverage customers in Southeast Asia. Construction has also commenced on a new pressure sensitive label facility near Sao Paulo in Brazil to support HPC and Healthcare customers in the country.
Additional converting capacity will also be added to the Brazilian Sleeve plant in Criciuma to support rapid growth in the Food & Beverage sector. Finally, the Pacman-CCL joint venture will open a new greenfield plant in Jeddah, Saudi Arabia this fall to expand the company's footprint in the Gulf States of the Middle East. According to Mr. Geoffrey Martin, President and CEO, "Emerging Market revenues now represent approximately 20% of the Company's total sales and we expect growth to continue to accelerate at a premium to the developed world in the coming years as our customers invest to drive improvement in consumers' lives in these regions." www.cclind.com
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