The new factory will be located in Vinhedo.
Following the completion of the Smartrac acquisition, the company's RFID business will represent a global platform with over $500 million in revenue, offering long-term growth and profitability above the company's average through an extensive product portfolio. The new facility in Brazil will manufacture a wide variety of inlay designs.
Avery Dennison offers products for a wide range of industries, from apparel, beauty and food retailing, to healthcare and aviation, among others. "We are very proud to announce this investment in Brazil as it represents an important step for Industry 4.0 growth not only here, but throughout South America, with technology that has proven its ability to increase inventory accuracy, improve supply chain agility and increase visibility across all channels, besides enabling greater customer interaction and engagement," says Ronaldo Mello, vice president and general manager, Avery Dennison Latin America. "In addition to Brazil, Avery Dennison's RFID division has a plant in Mexico in Latin America."
With advanced technology for the production of RFID inlays, Avery Dennison's new plant will have the potential to meet market growth, as evidenced by recent demands for projects in various segments such as the solutions provided to Grupo Boticário. "We believe in a future where every item will have a unique digital identity and digital life, with the ability to create richer consumer encounters. We are committed to developing and expanding our Intelligent Labels business to enable this vision in many directions. Through a solid portfolio of intelligent RFID solutions, the new manufacturing facility will increase speed and delivery across South America, furthering our vision of a connected world," explains Francisco Melo, global vice president and general manager, RFID, Avery Dennison.