TORONTO, ON / ACCESSWIRE / May 16, 2022 / CCL Industries Inc. ("CCL" or the "Company") (TSX:CCL.A, Financial)(TSX:CCL.B, Financial) , a world leader in specialty label, security and packaging solutions for global corporations, government institutions, small businesses and consumers, today announces plans for a significant expansion at its Innovia business unit near Leipzig in Germany. A new 8 metre wide multi-layer co-extrusion line will produce highly engineered thin gauge label films to support growing, sustainability-driven demand for lower resin content materials. The new technology is unique for label films, with 36,000 tons of annual capacity designed for best-in-class energy efficiency. Production will commence in the second half of 2024 with most of the capital deployed across 2023 and 2024.
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