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In this Edition September 2011 |
LEAD FEATURE |
COMPANY NEWS |
MATERIALS NEWS |
MACHINERY NEWS |
ENVIRONMENT NEWS |
INJECTION MOULDING ASIA |
RUBBER JOURNAL ASIA |
 ELECTRONIC ISSUE |
PRA September 2011 Electronic Issue Now Available |
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Company News
CCL buys Mid-East labeler and plans expansions
C
anada-based CCL Industries, a supplier of labelling and packaging solutions for the consumer products and healthcare industries, has bought a 50% interest in Dubai-based labeller Pacman-CCL. It paid US$18.5 million for the purchase. CCL is also planning a US$30 million expansion with a new facility in Saudi Arabia and Thailand.CCL's interest in Pacman-CCL was acquired from Albwardy Investment, which had full ownership of this group of label companies. Besides Dubai, Pacman-CCL has operations in Cairo, Egypt, Muscat, Oman and a planned start up in Jeddah, Saudi Arabia, in the current year.
Albwardy retains the remaining 50% economic interest in Pacman-CCL. The business had previously been operating under a CCL label license agreement, which included territory rights for the Middle East and India, since late 2009.
In other news, CCL says it plans to invest US$30 million during 2011 and 2012 to expand its label operations in emerging markets. It will build three new greenfield plants and also invest in additional capacity at some of its existing facilities.
A new third plant in Bangkok, Thailand, will provide increased capacity and new technologies to support Home & Personal Care (HPC) and Beverage customers in Southeast Asia. CCL expects its Asian operations to approach 10% of global label revenues in 2012.
Construction has also commenced on a new pressure sensitive label facility in Vinhedo near Sao Paulo to support HPC and Healthcare customers in Brazil, South America. The new site will more than double the size of existing operations. 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.
The company says emerging market revenues now represent approximately 20% of its total sales and expects growth to continue to accelerate at a premium to the developed world in the coming years as its customers invest.
With headquarters in Toronto, CCL Industries now employs approximately 6,200 people in 66 plants globally located to meet the sourcing needs of large international customers. CCL Label is the world's largest converter of pressure sensitive and film materials and sells to leading global customers in the consumer packaging, healthcare and consumer durable segments. CCL Container and CCL Tube produce aluminium cans, bottles and plastic tubes for the consumer products industry in the US.