Avery Dennison Ends ‘06 with a Strong Fourth Quarter

“We expect to continue to make progress in reaching our sales and operating margin objectives in 2007,” Scarborough added. “Our restructuring efforts are saving the company approximately $95 million, almost half of which will benefit 2007. We are reinvesting a portion of these savings into initiatives to drive long-term growth and productivity improvement, including development of global IT platforms to drive back office standardization and efficiency. In addition, we are expanding capacity in emerging markets, including both China and India, where we see strong demand for our products and high potential for sustained, rapid growth. We are also encouraged by high demand for our new and improved products and technologies, like the heat transfer products that are contributing to growth in the Retail Information Services business,” he said.