Multi-Color Corporation (MCC) plans to invest in establishing label operations in China. Having received Chinese Government approvals, MCC will be located in the major southern city of Guangzhou, near many national and international consumer products brand owners.
MCC is bringing modern label technology and know-how to support the rapidly
growing consumer demand for high quality packaged products in China. The new
business will be run by MCC's Asia Pacific President of Consumer Products,
Brenton Barrett. He will lead a largely local team with specific expatriate support.
"We look forward to being able to support our existing international customers
and new customers in the Chinese market," said President and CEO, Nigel
Vinecombe. He added, "This investment underlines our commitment to the Home
& Personal Care and Food & Beverage market segments and to Developing
markets. We expect to be operational in the first quarter of calendar 2011."
MCC is one of the world's largest label printers, specializing in the home &
personal care, food & beverage and wine & spirit markets. Annual revenues are
over USD 300 million with operations on four continents. MCC (NASDAQ: LABL)
is the only global U.S. publicly listed label company and specializes in the highly
fragmented multi-billion dollar label industry.
Source: Multicolor Website