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Labelstock news:

September 3, 2008

Labelstock news:
some good, some bad
On the label materials front, the news from Europe is mixed. Both UPM Raflatac and Herma have opened shiny new coating lines recently, in Finland and Germany respectively, but of course these investment decisions were made two to three years ago in a very different economic climate. In England, Scandstick UK, a labelstock manufacturer with a 200-year history, went the way of all flesh in the spring of this year. The Swedish owned company, formerly called SJP, installed a new high speed coater in 2006, but in April of this year the administrators were called in and over half of the 72 employees lost their jobs.
To add to the British paper manufacturing sector’s woes, another historic company, Scotland’s Curtis Fine Papers, also went into administration in July of this year, with a loss of 180 jobs. Both companies are currently on the market and looking for buyers.