CCL to Expand Emerging Market Label Operations
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Geoffrey Martin, president and CEO of CCL Industries Inc. said, “Emerging market revenues now represent approximately 20 percent of the company’s total sales and we expect growth to continue to accelerate at a premium to the developed world in the coming years as our customers invest to drive improvement in consumers’ lives in these regions. It therefore makes both strategic and shareholder value sense to allocate a higher portion of capital to these geographies. Despite this investment we do not expect overall expenditures to exceed depreciation company-wide in either 2011 or 2012.”
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