AVERY DENNISON CORPORATION

(AVY)
  Report
Delayed Nyse  -  04:03 2022-07-01 pm EDT
164.44 USD   +1.59%
05/31AVERY DENNISON CORPORATION : Ex-dividend day for
FA
05/17Avery Dennison to Help Upgrade Wiliot Tags to Scale Internet of Things
MT
05/17Avery Dennison and Wiliot Announce Strategic Partnership to Build and Scale the Future of the Internet of Things
BU
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

Avery Dennison : May 3, 2022 Avery Dennison to invest over €60 million in capacity expansion and manufacturing efficiency in Europe

05/03/2022 EDT

FOR IMMEDIATE RELEASE

OEGSTGEEST, Netherlands - MAY 3, 2022 - Avery Dennison Corporation (NYSE: AVY) today shared details of two major investments aimed at expanding its manufacturing capacity and improving factory efficiency in Europe to meet growing demand for its label and packaging materials.

The company said it is one year into a three-year, €45 million expansion of its facilities at Champ-sur-Drac, France. Enhancements include five new logistical buildings covering more than 8,700 square meters, a new automated warehouse, and an additional high-speed, state-of-the art hotmelt adhesive coater, scheduled to come online during 2024.

At its Luxembourg facility specializing in labels made with acrylic emulsion adhesives, the company has undertaken a €15 million project to redesign operational flow and add a new emulsion speciality coater. The coater is expected to come online during the first quarter of 2023.

"Our investments at Champs-sur-Drac and Luxembourg will allow us to meet customer demand now and into the future by freeing capacity throughout our European manufacturing network", said Tim Presto, Vice President of Supply Chain & Operations, EMENA.

The expansions at both Luxembourg and Champs-sur-Drac will enhance the reliability of service for customers by strengthening the company's already robust network of manufacturing plants and distribution centers across Europe. Finally, these expansions will take us a step closer to fully embracing Industry 4.0 practices that increase efficiency, reduce operating costs, and free our employees to perform safer, higher-value tasks.

###

Disclaimer

Avery Dennison Corporation published this content on 03 May 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 May 2022 03:42:11 UTC.


© Publicnow 2022
All news about AVERY DENNISON CORPORATION
05/31AVERY DENNISON CORPORATION : Ex-dividend day for
FA
05/17Avery Dennison to Help Upgrade Wiliot Tags to Scale Internet of Things
MT
05/17Avery Dennison and Wiliot Announce Strategic Partnership to Build and Scale the Future ..
BU
05/17Avery Dennison Corporation and Wiliot Announce Strategic Partnership to Build and Scale..
CI
05/03AVERY DENNISON CORP MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RE..
AQ
05/03AVERY DENNISON : May 3, 2022 Avery Dennison to invest over €60 million in capacity expansi..
PU
04/29S&P 500 Closes Down 3.3% For the Week on Disappointing Amazon Financials, Weak Economic..
MT
04/29AVERY DENNISON CORP : Submission of Matters to a Vote of Security Holders, Other Events (f..
AQ
04/29Avery Dennison Corporation announces an Equity Buyback for $750 million worth of its sh..
CI
04/29Berenberg Bank Adjusts Avery Dennison's Price Target to $240 From $255, Maintains Buy R..
MT
More news
Analyst Recommendations on AVERY DENNISON CORPORATION
More recommendations
Financials (USD)
Sales 2022 9 410 M - -
Net income 2022 794 M - -
Net Debt 2022 2 750 M - -
P/E ratio 2022 17,2x
Yield 2022 1,73%
Capitalization 13 437 M 13 437 M -
EV / Sales 2022 1,72x
EV / Sales 2023 1,60x
Nbr of Employees 35 980
Free-Float 65,6%
Chart AVERY DENNISON CORPORATION
Duration : Period :
Avery Dennison Corporation Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends AVERY DENNISON CORPORATION
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 15
Last Close Price 164,44 $
Average target price 208,38 $
Spread / Average Target 26,7%
EPS Revisions
Managers and Directors
Mitchell R. Butier Chairman & Chief Executive Officer
Deon Stander President & Chief Operating Officer
Gregory S. Lovins Vice President and Treasurer
Nicholas R. Colisto Chief Information Officer & Vice President
Julia A. Stewart Independent Director
Sector and Competitors
1st jan.Capi. (M$)
AVERY DENNISON CORPORATION-24.07%13 437
BALL CORPORATION-26.32%22 683
CROWN HOLDINGS, INC.-15.93%11 314
SEALED AIR CORPORATION-14.45%8 634
CCL INDUSTRIES INC.-10.31%8 379
SILGAN HOLDINGS INC.-1.94%4 655