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MeadWestvaco, Rafsec pursue RFID market

July 20, 2005

MeadWestvaco, Rafsec pursue RFID market
MeadWestvaco, of Stamford, CT, and Rafsec Oy, of Finland, have signed an agreement to explore investments in the market for item-level RFID tags and systems.
MeadWestvaco’s Intelligent Systems (MWVIS) is a new business group established to create and sell turn-key systems that provide retailers with real-time, in-store, item-level inventory visibility to enhance each store’s performance. Rafsec is a major producer of RFID transponders.
In a statement, MeadWestvaco says it will benefit from Rafsec’s “aggressive approach to improving tag technology, and MeadWestvaco will afford Rafsec with early feedback regarding the specific demands of new applications.”
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