UPM Raflatac to Increase Labelstock Production Capacity in Asia Pacific
April 3, 2014 (Press Release) - UPM Raflatac said that it is planning to increase production capacity in Asia Pacific by investing 14 million euros in its asset platforms in China and Malaysia. These initiatives will support UPM’s growth target of adding EUR 200 million of EBITDA in the coming three years.
The plan is to build a new coating line in the company’s self-adhesive labelstock factory in Changshu, China. The plan also includes machinery upgrades in Changshu as well as the Johor Bahru factory in Malaysia. The machinery investments are estimated to add more than 50% new coating capacity in the region for UPM Raflatac.
“We are now investing to expand our excellent manufacturing platforms in Changshu, China and Johor Bahru, Malaysia. Our business has seen a rapid growth in Asia over the past years and these investments will give us the needed capacity for continued growth, and take our capabilities and quality to the next level. These developments will clearly improve our competitiveness towards meeting customer demand in the future,” comments Tapio Kolunsarka, Executive Vice President, UPM Raflatac.
SOURCE: UPM Raflatac