Avery Dennison, a US-based manufacturer of self-adhesive labels, is to increase its presence throughout the Middle East.
According to a recent report, the company hopes to expand on its strategic al…
Avery Dennison, a US-based manufacturer of self-adhesive labels, is to increase its presence throughout the Middle East. According to a recent report, the company hopes to expand on its strategic alliances – including with Microsoft, Corel and Symantec. In just over a year, it has formed relationships with nearly 50 local distributors in the Middle East, the report said. “The growth of our business depends so much on anticipating the future needs of our consumers and the course of advanced technology,” said Daron Kachatourian, Regional Business Manager, Avery Dennison ME. “Many people probably don“t know that Avery Dennison has formed partnerships with many of the world“s leading names in the software companies. All feature pre-set layouts for Avery brand products in word processing, spreadsheet, software and graphics.” Avery also works closely with the major printer companies, including Hewlett-Packard, Canon and Epson. “We work to ensure that Avery products work in concert with the features of the latest printers,” explained Kachatourian. “Overall, we are trying to work at source to deliver convenient office automation.” The company is hoping to expand in the consumer market, as well as in the corporate end user market, within the region. “We can now ensure that the full range of Avery solutions is available to as many people as possible, through the establishment of our new office in Dubai. We can also build the Avery brand using Gitex as the Springboard for our activities.” Meanwhile, Avery Dennison“s board approved a programme to repurchase up to an additional 5 million, or 5%, of its outstanding common shares. The self-adhesive products maker said it has repurchased 34.2 million shares since 1990 under a 35.4 million share repurchase programme. Avery Dennison will also be raising its quarterly dividend 12.5% to 27 cents a share from the previous 24 cents. The dividend is payable on 15 December to shareholders of record at the close of business on 1 December. The company also named David E. I. Pyott a director, effective 1 November. Pyott is president and chief executive of Allergan Inc.