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.”