for Raflatac’s US plant
UPM, the Finnish forest products company and parent of Raflatac, has invested US$40 million in additional coating and finishing capacity at Raflatac’s pressure sensitive label stock production facility in Fletcher, NC.
The investment will allow Raflatac to expand its product offering. The second coating line will focus on the fast growing film market, and production will start in the fourth quarter of 2005.
Raflatac employs 270 people in the USA and its sales in North America were US$150 million last year. Raflatac's US operations concentrate on manufacturing pressure sensitive label stock for product and information labeling.