Home / Knowledge / News / Information Technology / Avery Dennison provides update on long-term Biz plans
Avery Dennison provides update on long-term Biz plans
05
Mar '08
Avery Dennison Corporation provided an update on its long-term business priorities at a meeting of securities analysts and institutional investors in New York. Management detailed its strategy for achieving targets for improved earnings, return on total capital and cash flow.

"We have unique and strong competitive advantages in our markets," said Dean A. Scarborough, president and chief executive officer. "Innovative products and services, a global footprint, and proprietary capabilities to manage customer data create exciting opportunities to add value for customers. This value differentiates our products in the marketplace and cements our relationships with our customers."

"With the acquisition of Paxar, our Retail Information Services group became the second largest business in our portfolio," he added. "We expect this business, which consists of products and services serving retail apparel markets, to grow more than five percent over the medium-to-long term. This growth will be driven by share gain in a highly fragmented global market, driven by our industry-leading product innovation and service capabilities."

Scarborough also discussed the impact of economic conditions on the Company's businesses. "The weak business conditions we saw in the fourth quarter have generally continued," he said.

"While volume for the North American roll materials business has improved, margins will remain lower until we realize the benefit of our late first quarter price increases. We have also seen weakening in some of our more economically sensitive businesses. We now expect the first quarter to represent less than 20 percent of our earnings for the year, as the benefit of price increases and many of our cost reduction actions are weighted toward the back half of the year."

Must ReadView All

Textiles | On 25th Mar 2017

GST to positively impact retail value chain: CBRE

The implementation of the Goods and Services Tax (GST) bill in India...

Textiles | On 25th Mar 2017

MEGlobal to build first ever US MEG plant

Monoethylene glycol (MEG) producer MEGlobal plans to construct a new...

Courtesy: Ulster Carpet

Textiles | On 25th Mar 2017

Ulster Carpets acquires Griffith Textile Machines

Northern Ireland based manufacturer of carpets, Ulster Carpets said...

Interviews View All

Stefan Warnaar
Peak to Plateau

People are willing to pay for quality and performance

Janak Dhamanwala & Sunil Dhamanwala
Jansun

Moving towards sustainability is also a social change

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search