US-based Avery Dennison, a pressure-sensitive label and packaging materials company, has completed a major expansion of its production facility in Pune that will significantly enhance the company’s production capacity to meet the growing demand of Indian market.
The company has invested Rs 1000 crore (approx. US $ 200 million) for this expansion and company’s total investment to date in the country is Rs 250 crore (approx. US $ 50 million). It has two plants in Gurgaon and a recently commissioned distribution center in Bangalore.
Commenting on this, Dean A Scarborough, chairman and president, Avery Dennison said, "With this latest expansion, we continue with the next big chapter in our development in India. Our customers across India and South Asia have been our primary focus, since we first established operations here in 1997. By expanding in Pune, we will be able to serve better the increasingly discerning requirements of this fast-growing market."
Avery Dennison also announced two more significant developments in India, the establishment of a new innovation center in Pune and a knowledge center in Bangalore.
The innovation center will be the third of its kind for Avery Dennison, which has existing centers in the US and China. It will provide dedicated research and innovation development services for Indian converters and original equipment manufacturers, while simultaneously providing growth opportunities for India’s pressure-sensitive labeling industry.
The Pune innovation center will be operational by mid-2012 and is expected to grow significantly in terms of dedicated resources over the next two years.
The Pune facility produces technically advanced pressure-sensitive materials for labeling and packaging material with the total capacity of 350 million square metre.
