US-based Avery Dennison, a global labelling and packaging materials and solutions firm, on July 2 opened its first distribution centre in Viet Nam in HCM City's Tan Binh Industrial Park to support the company's investment in the high growth Viet Nam market.
The first distribution centre set up in Viet Nam by Avery Dennison, a global labelling and packaging materials and solutions firm, in Tan Binh Industrial Park in HCM City. Photo Avery Dennison.
"We place a high emphasis on the ASEAN region, especially the rapidly growing Viet Nam market in which we have been a major player since 2004," Georges Gravanis, president of materials group, Avery Dennison said.
"Our new distribution centre in Viet Nam is an important step in further expanding our footprint in the emerging markets. We believe that Viet Nam will be the company's key driver of success in this region."
The 5,600sq.m centre, which cost almost US$700,000 to set up, features high-speed slitting machines that are capable of finishing high-quality paper and filmic pressure-sensitive materials.
Source VNS
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