Raflatac Invests in Self-Adhesive Labelstock Factory

Raflatac, a part of UPM-Kymmene Corporation, has made a decision to build a self-adhesive labelstock factory in the USA. The value of the investment is about USD 45 million.
The new factory will include a laminator, automatic warehousing and adhesive manufacturing as well as slitting operations. Production will start during 2001, concentrating on label materials for product and information labelling. The location of the factory is to be announced later.
Raflatac currently has two terminals in the USA, in North Carolina and Ohio, employing around 70 persons altogether. When in full operation, it is estimated that the new factory will increase the turnover of UPM Raflatac Inc. by USD 115 million and the personnel by about 180.
Raflatac in brief
Raflatac is Europe's leading supplier of paper-based self-adhesive labelstock and one of the four largest manufacturers worldwide. In 1999 Raflatac Group's operations grew significantly.
Raflatac has factories in Finland in Tampere and Jyväskylä, France, the UK, Germany, Spain, Malaysia, China and a joint-venture factory in Australia, and a wide network of terminals and sales offices throughout the world. Raflatac Group has about 1,500 employees.
For further information, please contact: Mr Juhani Strömberg, CEO of Raflatac Group, tel. +358 204 16 7800 or Ms Elisa Nilsson, Communications Director, tel. +358 204 16 7806 Fax +358 204 16 8136, e-mail: raflatac@raflatac.com