CCL Industries, a North American provider of packaging solutions for the consumer products and healthcare industries (6,600 people in 74 plants around the world), is partnering with Taisei Kako, a Japanese producer of specialty plastic containers for the personal care and pharmaceutical markets (950 people in 9 plants mainly located in Asia), to build a new plastic tube manufacturing and decorating plant in Bangkok, Thailand.
The two partners will invest a total of US$5 million in equity to start the joint venture with initial capacity provided through equipment transfers from existing CCL and Taisei Kako tube operations. The partners will each own 50% of the new company.
"The new operation will focus on selling tubes alongside labels to existing CCL customers in the home and personal care sector in South East Asia, while exporting products to customers of Taisei Kako in the same sector in Japan. We believe this is an excellent opportunity for CCL to expand our successful tube business into the most important emerging market for these products in the world," said Geoffrey Martin, President and CEO of CCL Industries.