A $40M pressure sensitive labelstock production facility is to be built by Raflatac in Changshu, China, adjacent to parent company UPM's existing paper mill. The factory is expected to be operational at the beginning of 2007, when the existing production facility in Shanghai will close.
"The investment highlights our ambition to become the preferred supplier of pressure sensitive labelstock in the world", says Heikki Pikkarainen, Raflatac president. "We expect the demand for pressure sensitive labelstock in China to grow strongly in the coming years, driven by both strong export industry and quickly developing domestic consumer goods market."
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