Product category:
Printing Substrates - Paper, Forms and Stationery
News Release from: UPM-Kymmene Corporation
Edited by the Printingtalk Editorial
Team on 07 May 2007
EUR90m Label Materials Factory For
Poland
UPM is continuing the development of its label business by building a self-adhesive label materials factory in Poland.
With an investment worth EUR90 million, construction of the factory will begin in the third quarter of this year and production is scheduled for start-up in the final quarter of 2008 The new production and logistics centre will serve the growing eastern European markets and meet increasing demand for filmic label materials across Europe, added UPM
This article was originally published on Printingtalk on 22 Mar 2004 at 8.00am (UK)
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The new factory will feature newest proprietary technology both in coating and finishing.
It will supply a wide range of high-quality film and paper labelstock products with water-based acrylic and hot-melt adhesives.
Jussi Pesonen, president and chief executive officer of UPM, said: "For UPM, this will be the first industrial operation in eastern central Europe.
Labels are one of UPM's core businesses and a strategic growth area for the company.
We have invested strongly in its development in recent years and its sales and results have developed favourably.
Today's announcement is a consistent step in the strategy." Heikki Pikkarainen, president of UPM's label division, added: "This will secure us and UPM Raflatac's label printing customers in Europe a solid growth platform for many years to come.
Our continuing global strategic development programme, which has necessitated building new, modern production facilities in North America, Asia and now in Europe, will be largely complete.
Our aim is to become the leading supplier in Europe, where particularly films and eastern Europe are strong key growth drivers.".
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