São Paulo, February 19 2020 - Avery Dennison is gearing up for future growth of RFID technology, improving the efficiency of processes and the relationship between brands. Just months after signing a deal to acquire Smartrac's transponder division, the Company announced today the location of its next RFID (Radio Frequency Identification) manufacturing facility, its first in Brazil and fifth in the world. The new factory will be located in Vinhedo (SP), opening in 2021. Following the completion of the Smartrac acquisition, the company’s RFID business will represent a global platform with over $500 million in revenue offering long-term growth and profitability above the company’s average, through an extensive product portfolio.
The new facility in Brazil will manufacture a wide variety of inlay designs. Avery Dennison partners with Impinj and NXP to develop world-class RFID tags and incorporates the latest chip technology into its products. In 2019, Avery Dennison...