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CCL Industries – Agreement With Korsini-SAF to create in-mould label joint venture

CANADA • CCL Industries announced today that it has signed a binding agreement to build a new manufacturing plant for in-mould-labels (IML) in Memphis, Tennessee, USA, in partnership with Korsini-SAF, a European IML producer headquartered in Izmir, Turkey. The partners will invest approximately USD 20 million between them, each owning 50% of the new company. It is expected to be in operation by mid-2016 and will trade as CCL-Korsini.

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Armin Karl Geiger

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