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Signs binding agreement to build manufacturing plant for IML in Memphis, TN.
July 10, 2015
By: DAVID SAVASTANO
Editor, Ink World Magazine
CCL Industries Inc. has signed a binding agreement to build a new manufacturing plant for in-mould-labels (IML) in Memphis, TN, in partnership with Korsini-SAF, a leading European IML producer headquartered in Izmir, Turkey. The partners will invest approximately $20 million between them, in a combination of debt and equity, each owning 50% of the new company. It is expected to be in operation by mid-2016 and will trade as CCL-Korsini. “IML for injection moulded containers was successful...
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