Canadian labelling firm CCL is to build a new plastic tube manufacturing and decorating plant in Bangkok, Thailand, in partnership with Taisei Kako, a Japanese producer of speciality plastic containers for the personal care and pharmaceutical markets headquartered in Osaka. Between them the partners will invest a total of US$5 million in equity to start the joint venture with initial capacity provided through equipment transfers from existing CCL and Taisei Kako tube operations. The partners will each own 50% of the new company.
CCL’s interest in the joint venture will be represented by Jim Anzai, Vice President and Managing Director of its Asian operations. The new operation will focus on selling tubes alongside labels to existing CCL customers in the Home & Personal Care sector in Southeast Asia, while exporting products to customers of Taisei Kako in the same sector in Japan.
Having its headquarters in Osaka, Japan, Taisei Kako currently employs approximately 950 people in 9 plants mainly located in Asia to meet the needs of customers demanding high quality cosmetic, medical and pharmaceutical packaging. Taisei Kako has a fully automated round the clock manufacturing system with advanced digital inspection technology. Taisei Kako has produced high quality plastic packaging for healthcare and beauty care customers in Japan since it was founded in 1932.
With headquarters in Toronto, Canada, CCL Industries currently employs approximately 6,600 people in 74 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 for label applications and sells to leading global customers in the consumer packaging, healthcare, automotive and consumer durable segments.
(PRA)