One of the top 500 businesses in the world, the American corporation Avery Dennison, announced a couple of days ago that it has officially opened a new factory in China's Kunshan City, with an investment of over US$10 million. As the third factory that Avery has established in China this year, it will specifically provide pressure-sensitive adhesive products for the Asia-Pacific region. Avery's total investment in China has now surpassed US$200 million. In 2006, Avery's sales quota in China surpassed US$560 million, representing 10% of its global sales quota.

Presently, the company owns a total of nineteen factories in China, and Avery just announced its successful acquisition of Paxar, a company specializing in making labels for the clothing industry. This buyout will increase Avery Dennison Corporation's total number of employees in China to more than 10, 000 employees.

By People's Daily Online