Avery Dennison

The EU's 5 Million Digital Product Passports in 2027 Will Transform EV Battery Industry by Enabling Supply Chain Traceability

Retrieved on: 
Tuesday, February 6, 2024
Electron capture, Avery Dennison, European, Link, 3E, Research, Digital, Recycling, Produce traceability, Indian passport, Carbon, Ecosystem, EV, Bev, Acquisition, Geography, Traceability, Data collection, DPP, Security printing

LONDON, Feb. 6, 2024 /PRNewswire/ -- Amid a growing demand for sustainable choices, businesses and consumers face challenges in making informed decisions due to data gaps in supply chains. The Digital Product Passport (DPP), pioneered by the European Union, aims to simplify this task. Between 2026 and 2027, DPPs will be first implemented in the greatest environmental impact product group, batteries & vehicles. According to global technology intelligence firm ABI Research, in 2027, over 5 million BEVs will be sold with a Battery Digital Passport in Western Europe, where global manufacturers will have to start creating battery Life-Cycle Assessments (LCAs) by 2025. LCAs provide the critical information needed to generate Battery Passports.

Key Points: 
  • The Digital Product Passport (DPP), pioneered by the European Union, aims to simplify this task.
  • Between 2026 and 2027, DPPs will be first implemented in the greatest environmental impact product group, batteries & vehicles.
  • "The Digital Product Passport will be a game-changer promoting traceability, material and energy efficiency, and repair-based business models," says Rithika Thomas, Sustainable Technologies Industry Analyst at ABI Research.
  • These findings are from ABI Research's Digital Product Passports: Tech-Driven Sustainability and Traceability for EV Batteries, Construction Materials and Pilot Use Cases .

Avery Dennison Declares Quarterly Dividend

Retrieved on: 
Wednesday, January 31, 2024
Science, Software, Other Science, Research, Public Relations, Investor Relations, Data Management, Communications, Technology, AVY, Avery Dennison

The Board of Directors of Avery Dennison Corporation (NYSE:AVY) has declared a quarterly cash dividend of $0.81 per share. The dividend is payable on March 20, 2024 to shareholders of record on March 6, 2024.

Key Points: 

The Board of Directors of Avery Dennison Corporation (NYSE:AVY) has declared a quarterly cash dividend of $0.81 per share. The dividend is payable on March 20, 2024 to shareholders of record on March 6, 2024.

Avery Dennison Announces Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Wednesday, January 31, 2024
Supply Chain Management, Packaging, Retail, Chemicals, Plastics, Manufacturing, Office Products, Growth, GAAP, News, AVY, Food, Medicine, Avery Dennison, Graphics, Pharmaceutical industry

Avery Dennison Corporation (NYSE:AVY) today announced preliminary, unaudited results for its fourth quarter and full year ended December 30, 2023.

Key Points: 
  • Avery Dennison Corporation (NYSE:AVY) today announced preliminary, unaudited results for its fourth quarter and full year ended December 30, 2023.
  • “Earnings per share were in line with our expectations for the fourth quarter, increasing sequentially for the fourth consecutive quarter,” said Deon Stander, president and CEO.
  • The company’s reported effective tax rate was 29.0% in the fourth quarter and 27.6% for the full year.
  • In its supplemental presentation materials, “Fourth Quarter and Full Year 2023 Financial Review and Analysis,” the company provides a list of factors that it believes will contribute to its 2024 financial results.

Thin-film Batteries Market to increase by USD 2.58 billion between 2022 to 2027; The proliferation of IoT devices has driven the demand for thin-film batteries- Technavio

Retrieved on: 
Tuesday, January 16, 2024
Engineering, The Swatch Group, Physical vapor deposition, Chemical vapor deposition, Koch Industries, PVD, Hearing loss, Electronics, STMicroelectronics, Sport, LG Corporation, RRC, Challenge, Growth, Fujitsu, Urbanization, USD, Gesellschaft mit beschränkter Haftung, Health, EIT, Avery Dennison, Internet of things

NEW YORK, Jan. 15, 2024 /PRNewswire/ -- The thin-film batteries market size is expected to grow by USD 2.58 billion from 2022 to 2027, according to Technavio.

Key Points: 
  • NEW YORK, Jan. 15, 2024 /PRNewswire/ -- The thin-film batteries market size is expected to grow by USD 2.58 billion from 2022 to 2027, according to Technavio.
  • The global off-grid thin-film batteries market is expected to grow rapidly during the forecast period due to the Increasing occurrences of hearing loss.
  • The light vehicle batteries market size is expected to increase by USD 34.06 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 12.72%.
  • The Marine Powerboats Batteries Market size is estimated to grow at a CAGR of 8.6% between 2023 and 2027.

Dayrize and Avery Dennison Partner on Technology that Tracks the Impact of Billions of Products Throughout Their Life Cycle

Retrieved on: 
Monday, January 15, 2024
NRF, Avery Dennison, Partnership, Environment, Carbon, Intelligence, Level 3, Interview, Ecosystem, Trust

NEW YORK and AMSTERDAM, Jan. 15, 2024 /PRNewswire-PRWeb/ -- Dayrize, a climate-tech company that provides product-level environmental and social impact intelligence and Avery Dennison, a global leader in material science and digital identification solutions, today announced a partnership that will allow companies to measure and track the impact of billions of products through their lifecycle on Avery Dennison's atma.io platform, communicate the environmental impact to consumers in an effective way, and ultimately build more sustainable products.

Key Points: 
  • The unparalleled level of impact transparency will enable businesses and consumers to make informed decisions about the sustainability of products."
  • Dayrize and Avery Dennison will demonstrate the new technology at booth #6110 on Level 3 at NRF 2024 in New York City from January 14 - 16, 2024.
  • Avery Dennison's atma.io connected product cloud is a platform that tracks products through their life cycle.
  • The exact impact these products have on the environment will now be available for businesses and, ultimately, consumers.

Avery Dennison to Webcast Fourth Quarter and Full Year 2023 Earnings Conference Call

Retrieved on: 
Friday, January 12, 2024
Supply Chain Management, Manufacturing, Retail, Packaging, Chemicals, Plastics, Avery Dennison, AVY, News

Avery Dennison Corporation (NYSE: AVY) will host its fourth quarter and full year 2023 earnings conference call in a live webcast at 1:00 p.m.

Key Points: 
  • Avery Dennison Corporation (NYSE: AVY) will host its fourth quarter and full year 2023 earnings conference call in a live webcast at 1:00 p.m.
  • ET on Wednesday, January 31, 2024.
  • The company’s fourth quarter and full year 2023 news release will be issued that morning at 6:45 a.m.
  • This event will be webcast live, and a replay will be available on Avery Dennison's Investor Relations website ( www.investors.averydennison.com ).

Avery Dennison Corporation Digital Transformation Strategy Analysis Report 2023: Accelerators, Incubators, and Other Innovation Programs - ResearchAndMarkets.com

Retrieved on: 
Monday, January 8, 2024
Technology, Packaging, Manufacturing, IOT (Internet of Things), SAP, JAC, Inlay, Avery Dennison, IDS, Forecasting, Acquisition, Internet of things, Temperature, Food, Humidity, RFID, Transport, Retail

The "Avery Dennison Corporation - Digital Transformation Strategies" company profile has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Avery Dennison Corporation - Digital Transformation Strategies" company profile has been added to ResearchAndMarkets.com's offering.
  • Avery Dennison Corporation (Avery Dennison) is a provider of labeling and packaging materials and solutions.
  • The company offers products under the Avery Dennison, Yongle, Fasson, Monarch, JAC, and Mactac brands.
  • To improve accessibility to training content and services, Avery Dennison deployed AI-based chatbots and other advanced digital communication platforms.

Introducing Boop - the Outnet of beauty offering a solution to the industry's waste problem

Retrieved on: 
Thursday, January 4, 2024
Beauty, Aromatherapy, Supply, Newsbeat, Avery Dennison, Perfume, Boop, Organic, Clothing

LONDON, Jan. 4, 2024 /PRNewswire/ -- It's estimated 90 million beauty products are thrown away each year in the UK alone[1].

Key Points: 
  • LONDON, Jan. 4, 2024 /PRNewswire/ -- It's estimated 90 million beauty products are thrown away each year in the UK alone[1].
  • More than 10% of beauty products are going to waste in brands' supply chains, while overproduction of products accounts for 6.2% of discarded goods in the beauty industry[2].
  • By saving these too-good-to-go products from landfill, Boop is helping to breathe life back into the beauty supply chain and make the 'undesirable', 'desirable' again.
  • [1] Survey conducted by Zero Waste Scotland, 2018
    [2] 'The Missing Billions: The Real Cost of Supply Chain Waste', Avery Dennison, November 2022

J&E Companies names Jim Squatrito as Chief Executive Officer

Retrieved on: 
Tuesday, November 14, 2023
Other Manufacturing, Steel, Machinery, Packaging, Machine Tools, Metalworking & Metallurgy, Engineering, Chemicals, Plastics, Manufacturing, Multimedia, J&E, Avery Dennison, Pennsylvania State University, MBA, Villanova University, Summit, Management, 3D printing

J&E Companies (J&E), a leading provider of precision machining and sheet metal fabrication services, is pleased to announce Jim Squatrito as its new Chief Executive Officer.

Key Points: 
  • J&E Companies (J&E), a leading provider of precision machining and sheet metal fabrication services, is pleased to announce Jim Squatrito as its new Chief Executive Officer.
  • Mr. Squatrito has an extensive background working with both private equity and publicly owned businesses in the manufacturing and engineering industries.
  • His action-oriented, growth mindset drives innovation, strategic vision, business acumen, and customer relationships that achieve improved financial performance and business growth objectives.
  • We’re confident that under Jim’s leadership, J&E will continue its impressive upward trajectory.”
    Mr. Squatrito added: “I am excited to join the team at J&E.

Paint Protection Film Market size to increase by USD 128.31 million between 2023 to 2028; 3M Co., Avery Dennison Corp., Bluegrass Protective Films LLC, and more among key companies - Technavio

Retrieved on: 
Tuesday, December 12, 2023
Electronics, Compagnie Centrale de Réassurance, Paint, USD, Defense, Electricity, Avery Dennison, Polyvinyl chloride, Growth, PPF, Car, FREE, 3M, MEA, Thermoplastic, Geography, Others

NEW YORK, Dec. 12, 2023 /PRNewswire/ -- The paint protection film market size is expected to grow by USD 128.31 million from 2023 to 2028.

Key Points: 
  • NEW YORK, Dec. 12, 2023 /PRNewswire/ -- The paint protection film market size is expected to grow by USD 128.31 million from 2023 to 2028.
  • Expansion of the consumer electronics industry is notably driving the paint protection film market.
  • Paint Protection Film Market 2024-2028: Company Analysis
    3M Co. - The company offers paint protection films such as 3M paint protection films.
  • Paint Protection Film Market 2024-2028: Segmentation
    By end-user, the automobile segment will be the largest contributor to market growth during the forecast period.