CCL invests in Mexico labelling, tube extrusion, facility
Specialty packaging and labelling firm, CCL Industries recently confirmed plans invest $45 million over the next tw...
September 5, 2006 by Canadian Plastics
Specialty packaging and labelling firm, CCL Industries recently confirmed plans invest $45 million over the next two years in its label, container and plastic Tube operations in Mexico.CCL Label Mexico will move to a new 140,000 square foot facility in Mexico City, which will include a $10 million investment in new label converting and pre-press technologies.
The new facility will also include high-speed tube extrusion lines with labelling and screen printingdecorating capability, allowing the company to produce high-end plastic tubes in the same building as its personal care label operation.
Investment plans also include new leading edge offset and rotogravure printing presses toservice the personal care and fast growing beverage label business.
The new label and tube facility will be fully operational by the spring of 2007.
The plans also include building a greenfield aluminum aerosol and bottle producing plant including new high-speed equipment for both the personal care and beverage markets. The new plant will be approximately 100,000 square feetand located in the Guanajuato region, north of Mexico City, in order to be close to significant customers and easy access to the U.S. market. The newplant is targeted to come on line in early 2008.
“We see Latin America as an increasingly important geographic growth region for our customers in theconsumer products business, with Mexico also playing an important role as a manufacturing centre for products intended for the U.S. market,”Donald G. Lang, vice-chairman and CEO of CCL Industries said. “These investments, which will be funded from cash on hand, coupled with our January 2006 acquisition of Prodesmaq in Brazil, will position CCL to become a leading player in the label and specialty container business in the region.”