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Recent News
June 2008
Avery Dennison to discontinue the Avery
AP3.4 and AP2.4 thermal barcode printers. -
The last opportunity to buy
the AP3.4 and AP2.4 will be July 31, 2008.
October 2007
Avery Dennison Reports Third Quarter
Earnings
Tuesday, October 23, 2007; Posted: 08:36
AM
PASADENA, Calif., Oct 23, 2007 (BUSINESS
WIRE) --
Avery Dennison Corporation (NYSE:AVY) today reported net income of
$58 million or $0.59 per share, compared with $85 million or $0.85 per
share in the prior year. Results included restructuring and asset
impairment charges, transition costs associated with the integration of
Paxar, and other items totaling $0.41 and $0.13 in the third quarters of
2007 and 2006, respectively.
Net sales from continuing operations for the third quarter were $1.68
billion, up approximately 19 percent from $1.42 billion for the same
quarter last year. Sales before the impact of acquisitions, divestitures
and foreign currency translation were essentially unchanged from prior
year.
"Weaker retail demand in the U.S. affected sales growth in our office
products and retail information services businesses," said Dean A.
Scarborough, president and chief executive officer of Avery Dennison.
"While core volumes continue to grow overall, heightened competitive
pressure in pressure sensitive-materials negatively impacted price and
mix during the quarter."
"In the face of these more challenging market conditions, we are
taking a number of steps to drive productivity improvement and increase
the top line," he added. "We are intensifying our efforts to find
operational efficiencies and reduce costs. We are also partnering with
customers to develop creative solutions to help them grow, tripling the
number of Horizon 1 growth projects that could generate substantial
revenue gains."
"We remain on track to achieve targeted cost synergies through the
integration of Paxar with Retail Information Services," Scarborough
said. "We have completed the planning phase and are executing the
integration of the two companies. These actions include the elimination
of Paxar headquarter costs and the closure of two facilities in Mexico
by the end of this year. With the execution of synergy plans well
underway, we are now shifting the focus to accelerating top line
growth."
"While we are experiencing some current headwinds from weak retail
markets in the U.S. and a softening of demand in Europe, Avery Dennison
remains well positioned for the future with strong brands, leading
market share and relative economies of scale," he said. "Emerging
markets and radio frequency identification are two of our most
significant growth opportunities. The Paxar acquisition significantly
increases our presence in the RFID market. We estimate about $50 million
in sales from RFID related products next year." For complete
article visit Avery Dennison's web site.
Dayton, Ohio Investing $1.4M to Support RFID Firms
Developments in Dayton, Ohio, helped put bar codes on the map, and now the
city is hoping to do the same for RFID. Last week the city government
committed $1.4 million to found the Dayton RFID Incubator Corp. (DRIC), an
economic development project to attract and develop RFID-related
businesses.
A Marsh's supermarket in Dayton was the site of the first UPC symbol
scanned in a retail store, when in 1974 a pack of Wrigley's gum passed
across a point of sale scanner manufactured by National Cash Register (now
known as NCR), another Dayton company.
Dayton and the surrounding area, which includes nearby Cincinnati, is
currently home to at least 36 businesses involved in RFID, Gwen Eberly
from the City of Dayton Office of Economic Development told RFID Update.
"The idea behind the incubator is to provide an environment and resources
for these companies to come together and grow," she said. "It will have
all the technology bells and whistles these companies need to do their
work."
The DRIC was formed as a for-profit corporation. It will receive $1.4
million in funding over four years that is intended to be used to secure
space to house a cluster of RFID-related businesses and create shared
resources such as labs and demonstration centers. EPC Technologies, a
local business, came to the city with the idea and won a $25,000 grant
last April to pursue it. The project gained momentum and
CityWide Development Corporation was hired to develop and manage the
incubator.
Eligibility for the Dayton RFID Incubator and the services it will provide
still need to be determined, and companies cannot join yet, according to
Eberly. Representatives from CityWide Development will work with Dayton
officials to set the format of the incubator and define its management
structure. The city estimates the project will create 100 jobs with an
average annual salary of $80,000 within three years. The estimates were
based on project research and prior results CityWide Development has
attained from other incubator projects.
The Dayton area has been involved in the automatic identification and data
collection industry ever since that first pack of gum was scanned at a
supermarket. Dayton was the original headquarters of the Uniform Code
Council, which developed the UCC/EAN system. The organization has since
moved to New Jersey and been renamed GS1, which is the parent organization
to EPCglobal, the leading RFID standards organization. GS1 maintains a
call center in Dayton.
Paxar, a longtime provider of bar code and RFID printing and labeling
systems, is headquartered nearby, as is
Procter & Gamble, which has been a pioneering early adopter of RFID
technology. Eberly noted the U.S. Air Force conducts RFID research at the
Wright Patterson Air Force Base outside Dayton. The base serves as
worldwide headquarters for the Department of Defense's Automatic
Identification Program.
Also, RFID tag and reader manufacturer
Alien Technology opened its RFID Solution Center in Dayton in 2006.
Eberly said the city has talked to the company about sharing resources
with DRIC. www.rfidupdate.com
August 08, 2007
Avery Dennison Printer Systems Division and RedPrairie Partner to Provide
RFID Solution
FRAMINGHAM, Mass. & MILWAUKEE
--(Business Wire)-- Avery Dennison (NYSE: AVY), Printer Systems Division,
supplier of Monarch(R) products and services, and RedPrairie Corporation,
a world leading consumer driven optimization company, today announced a
partnership providing total RFID solutions. A leading pharmaceutical
supplier has chosen the Avery Dennison and RedPrairie RFID solution for
visibility and inventory management of its extensive pharmaceutical line.
The solution consists of Avery Dennison's industry-leading Monarch(R)
9855(TM) RFID printer/encoder and
RFID supplies combined with RedPrairie's world-class enterprise software.
The recent RedPrairie and Avery Dennison partnership helps ensure that
RedPrairie's
customers have reliable RFID printing/encoding capabilities with Monarch(R)
brand printers already pre-integrated into RedPrairie software solutions.
"Avery Dennison shares RedPrairie's vision of delivering RFID solutions
that are cost
effective, simple to deploy, and built on a robust, scalable technology
infrastructure,"
said Rick Bauer, Avery Dennison Director of RFID Global Program
Development. "We were excited about the opportunity to combine our RFID
capabilities with RedPrairie's software expertise in order to create a
turnkey solution that is seamless for our mutual customers."
"We are pleased to work with Avery Dennison
to help customers obtain value from their RFID solutions. The solution we
created for the pharmaceutical supplier was designed to reduce operating
costs and create greater efficiencies that will allow customers to
synchronize staff and inventory based on demand signals from retailers,"
states Gary Morgan, VP of Red Prairie's Technology Services.
Avery Dennison
Names Susan C. Miller as Vice President and General Counsel
PASADENA, Calif.--(BUSINESS WIRE)--June 6, 2007
Avery Dennison Corporation (NYSE:AVY) announced today the promotion of
Susan C. Miller to the position of vice president and general counsel,
effective June 1, 2007.
As general counsel, Miller will assume
overall responsibility for general legal matters affecting Company
operations, and management responsibility for all attorneys in the Law
Department offices in Brea, Calif., Concord, Ohio, Hong Kong, Leiden,
The Netherlands, and Buenos Aires. She will join the Corporate
Leadership Team and continue to be a member of the Corporate Mergers and
Acquisitions Committee. Miller will continue to report to Robert G. van
Schoonenberg, executive vice president, chief legal officer and
secretary to the Board of Directors.
“Sue
has been an important contributor to Avery Dennison’s
growth during the last 16 years,” said Dean A.
Scarborough, president and chief executive officer. “She
brings a wealth of knowledge about the Company and its operations to her
new position and will play a major role in shaping our corporate and
legal strategies in the highly competitive global marketplace.”
Miller joined Avery Dennison in 1991 as
senior counsel responsible for corporate and securities law matters. She
moved to Hong Kong to establish the Company's Law Department office in
Hong Kong, and served as senior counsel, Asia Pacific, from 1995 to
1998. In this role, Miller was a key member of the Asia Pacific
management team and played a significant role in a number of start-up
operations and growth initiatives in China and Southeast Asia.
In 1998, Miller was promoted to assistant
general counsel and relocated to the Corporate office where she joined
the Law Department leadership team and became a key participant in
Company acquisitions and divestitures. She also served as principal
attorney for various Corporate departments, Performance Polymers, RFID
Division, and the Avery Research Center.
Avery Dennison is a global leader in
pressure-sensitive labeling materials, office products and retail tag,
ticketing and branding systems. Based in Pasadena, Calif., Avery
Dennison is a FORTUNE 500 company with 2006 sales of $5.6 billion. Avery
Dennison employs approximately 22,000 individuals in 49 countries
worldwide who apply the Company's technologies to develop, manufacture
and market a wide range of products for both consumer and industrial
markets.
Products offered by Avery Dennison
include Avery-brand office products and graphics imaging media, Fasson-brand
self-adhesive materials, peel-and-stick postage stamps, reflective
highway safety products, labels for a wide variety of automotive,
industrial and durable goods applications, brand identification and
supply chain management products for the retail and apparel industries,
and specialty tapes and polymers.
Avery Dennison Plans
to Court Apparel Retailers at Upcoming Show - Thursday, April 26 2007 -
Apparel and footwear retailers and brand owners who are
interested in discovering how item-level RFID facilitates stock
replenishment, locates misplaced items and delivers a host of related
business efficiencies are being encouraged to witness live demonstrations
at Avery Dennison Retail Information Services’ Booth 812 at the upcoming
RFID Journal Live conference, April 30 – May 2.
The conference takes place at Disney’s Coronado Springs Resort, Orlando,
Fla.
At the exhibit Avery Dennison RIS will have both front-of-store and
backroom arrangements stocked with garments and footwear carrying RFID
labels, and systems and software that track the movement of goods
Avery Dennison and Vue Team Up - Wednesday,
January 17 2007- Working together, Avery Dennison RIS and Vue
will combine core competencies to offer a seamlessly integrated item-level
RFID package for moderate- and high-end retailers.
That's the gist of the announcement by Avery Dennison and Vue, which
announced their marketing alliance. Both parties will team up to market
Avery's broad line of item-level RFID tags and labels for apparel,
footwear, consumer goods retailers, and software products.
Even outside of Wal-Mart supply chain operations, retailers are starting
to shop around for RFID.
“This enables retailers to achieve RFID visibility down to the
item-level," said Sharon Dalton, worldwide manager of alliances at Avery
Dennison Retail Information Services, at the time of the announcement.
Avery announces
new strategic alliance - April 1, 2007 - Avery Dennison
announced a new strategic alliance between Century Systems and Avery that
creates numerous and significant benefits. Avery has named Century Systems
as exclusive distributor of industrial bar code printers for nearly all
vertical and regional markets in North America.
The alliance will
enhance Avery's position in the thermal printing industry by taking
advantage of Century's value-added expertise and also by utilizing the NAA
nationwide network to support their products. Century Systems is looking
forward to working closely with Avery Dennison in the United States.
Avery Dennison to
Acquire Paxar for $1.3 Billion or $30.50 Per Share - Friday, 23 March 2007
-
Avery Dennison Corporation and Paxar Corporation today
announced that their boards of directors have unanimously approved a
definitive agreement for Avery Dennison to acquire all outstanding shares
of Paxar for $30.50 per share in a cash transaction valued at
approximately $1.34 billion. The transaction is expected to enhance Avery
Dennison's ability to compete and grow in the fragmented, expanding $15
billion-plus global retail information and brand identification market.
"This combination is a terrific strategic fit," said Dean A. Scarborough,
president and chief executive officer of Avery Dennison. "Paxar's highly
complementary capabilities advance our strategy to deliver exceptional
products and superior service to customers at every level of the global
retail supply chain, and to increase efficiency and reduce costs in a
rapidly changing and increasingly competitive global marketplace. In
addition, this acquisition will allow us to invest in product innovation
and services that will serve our existing customers even better."
Avery Dennison's Retail Information Services (RIS) business represents one
of its fastest-growing units. RIS provides brand identification and supply
chain management solutions primarily for manufacturers and retailers,
including tag and label design and printing; inventory and shipment
tracking; and data management systems.
"This combination will give us the capabilities, products and geographic
reach to pursue new segments of the global retail information and brand
identification market. These segments include retailers and manufacturers
serving local customers in India and China," said Mr. Scarborough.
"Combining with Avery Dennison provides substantial benefits to our
customers while delivering compelling value to Paxar shareholders," added
Rob van der Merwe, chairman, president and chief executive officer of
Paxar Corporation. "In particular, the broader capabilities of the
combined Company will better meet customer demands for improved quality,
product innovation and speed of delivery. Although we understand that some
jobs will be affected through the integration of our businesses, employees
of the combined Company will have expanded opportunities as part of a
larger organization." Read More.....
http://www.crm2day.com/news/crm/121798.php
CRM Today - www.crm2day.com
Avery Dennison
Launches New Generation of Labeling Machines - Dec. 2005 -
Avery Dennison, world-leader in labeling and self-adhesive technology has
launched its latest generation of label application systems - ALS
Generation. This innovative family of systems is designed for multi-shift
operation in industrial series production. The new systems are suitable
for all self-adhesive materials and decorative labels, as well as labels
for logistical applications.
The ALS-Generation of systems combines
efficiency with robustness and high-performance with tested reliability.
Their compact and flexible design is perfectly suited to the standard of
requirements for multiple shifts.
The ALS Family also sets new standards with regard to connectivity and
user-friendliness with easily accessible interfaces simplifying
integration into a variety of other systems. The rotating, integrated
multifunctional display with intuitive menu navigation plus an optional
remote control display simplifies operation. Threading and peeling off
backing paper is also made especially easy with "Easy Push".
Various dispensing edges or applicators are available with connections to
increase application flexibility. With these optional accessories the ALS
machines are now also prepared for RFID-Upgrades and provide a
significantly high IP standard. With three different mounting options and
a dispensing edge the systems can be freely rotated by up to 90° ensuring
maximum flexibility. In addition to all these technical advantages the ALS
Family is also very reasonably priced. |
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