Avery Dennison reported sales revenue of $6Billion for 2009, a decline of 11 percent from $6.7 billion in 2008. Net sales in the company’s pressure sensitive materials segment, which comprises 56% of its business, decreased 9% last year after a 4% gain in 2008. The company also reported a loss in net income of $746.7Million.
Avery Dennison's CEO reported “Sales volumes dropped during the first half of the year as customers substantially reduced inventories and recovered only modestly later in the year”.
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Labels are like your comments on boxes. If no one is buying goods, there is nothing to package and ship - hence limited demand for boxes. No goods - fewer labels required. I believe MacTac and all the other PSA converters are also down.
Amazing and useful article. Thanks for posting this. It’s useful and useful. Keep up the excellent.
Avery Dennison Labels
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