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COPYRIGHT 2006 Business Wire
LOS ANGELES -- Avery Dennison Corporation (NYSE:AVY) provided an update on its growth strategies and operations at a Company-hosted meeting of securities analysts and institutional investors that took place yesterday and today. The Company highlighted growth opportunities, including rapid expansion in the emerging markets of Asia, Latin America and Eastern Europe.
"Emerging markets continue to play an important role in our future growth," said Dean A. Scarborough, president and chief executive officer of Avery Dennison. "We have more than doubled our share of sales in the emerging markets over the past five years, with revenue from these regions currently representing more than 20 percent of the Company's total sales. Opportunities for profitable growth in these markets are outstanding, and we have made significant investments to capture that anticipated growth."
Scarborough and Avery Dennison's senior management team presented a review of the Company's global operations, as well as its performance targets and investment...
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