CCL and Korsini to build IML factory in the US
CCL Industries has signed an agreement to build a manufacturing plant for in-mould-labels (IML) in Memphis, Tennessee, with Korsini, a European IML producer in Izmir, Turkey.
The partners will invest approximately $20m, in a combination of debt and equity, each owning 50% of the company, expected to start operations mid-2016, trading as CCL-Korsini.
Guenther Birkner, president, CCL Label's Food & Beverage business said IML for injection moulded containers was successfully introduced in Europe some years ago and it now sees a similar development in North America.
“Korsini is an advanced technology partner already servicing injection moulded container customers in North America with products exported from Turkey,” he added.
“Our role in the venture is to support local manufacturing, provide market access to brand owner customers and manage administration."
