UPM invests USD 40 million in additional coating and finishing capacity in Raflatac’s pressure sensitive labelstock production facility in Fletcher, North Carolina. The investment further strengthens Raflatac’s position in the North American labelstock market, which is expected to grow by 4-6% annually.
With the investment, Raflatac will expand its product offering. The most significant part of the investment is the second coating line, which will especially focus on the fast growing film market. The production will start during the fourth quarter of 2005.
Raflatac employs 270 people in the USA and its sales in North America were USD 150 million last year. Raflatac's US operations concentrate on manufacturing pressure sensitive labelstock for product and information labeling.
Raflatac is one of the world's leading suppliers of paper-based and film pressure sensitive labelstock. The company has 2,200 employees and its turnover in 2003 was USD 850 million. Raflatac has factories on five continents and a wide network of terminals and sales offices throughout the world. Raflatac is part of UPM, one of the world's leading forest products companies. UPM shares are listed on the Helsinki and New York stock exchanges.
For further information please contact:
Mr Jouko Lähepelto, Senior Vice President, Americas, Raflatac Group,
tel. +358 40 500 9643
Mr Pauli Hänninen, Executive Vice President, Business Development, UPM,
tel. +358 204 15 0543
September 14, 2004