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November 8, 2004
Alcoa Flexible Packaging Launches Distribution Partnership with KSP of Korea
RICHMOND, Va. & SEOUL, Korea--(BUSINESS WIRE)--Nov. 8, 2004--Alcoa Flexible Packaging (AFP) announced today that it has entered into an agreement with KSP to exclusively distribute and sell KSP's "spout pouches" in the United States and Canada. The deal is the first distribution partnership AFP has established with another flexible packaging converter.
Spout pouches are rotogravure printed flexible pouches with gusseted sides or bottoms and a recloseable fitment, which are especially ideal for single-serve juice beverages and other viscous markets, such as cosmetics, health and beauty products, as well as industrial and medical products.
Under the agreement, AFP will also provide distribution and customer support for KSP's entire pouch portfolio, including retort, stand-up and specialty pouches.
"KSP is a respected leader with a significant presence in the retort and spout pouch packaging segment worldwide," said Brian Bauerbach, general manager of Laminated Products for Alcoa Flexible Packaging. "KSP's focus on innovation in product design and quality control complements the excellent customer relationships and marketing strength of the Alcoa Flexible Packaging group."
"Establishing distribution agreements with key marketing partners in international markets is an essential step in supporting our globalization strategy. AFP's customer base, product knowledge, and sales and marketing expertise will allow us to penetrate the growing flexible packaging market in North America," said Heidi Chung, vice president, Business Development KSP. "Longer term, we will look to partner and grow with AFP by sharing technology and developing new products for North America, together."
KSP, a 30-year veteran packaging manufacturer, has been recognized as a world's leading Retort and Spout Pouch supplier for over 600 clients world wide. KSP's innovative and top-of-the line products of can be easily found in nearly every industry including food & beverage, pharmaceutical, and industrial market. KSP's products include Flexible Packaging, Retort Pouch, Spout Pouch, Function Packaging and Special Packaging. With their persistent Research and Development and Quality Control standards, KSP continues leading the market with a newer and better packaging material, design, variety, and the method.
About Alcoa Flexible Packaging
Alcoa Flexible Packaging, based in Richmond, Va., manufactures a variety of packaging materials including extrusion and adhesive laminated pouch materials, overwraps and linerstock, blister lidding foil, thermoformed trays, cable wrap, plastic shrink sleeve labels and Reynolon(R) shrink film. These packaging materials serve the world's leading consumer products manufacturers within the pharmaceutical, medical, food & beverage, and industrial markets.
Alcoa is the world's leading producer and manager of primary aluminum, fabricated aluminum and alumina facilities, and is active in all major aspects of the industry. Alcoa serves the aerospace, automotive, packaging, building and construction, commercial transportation and industrial markets, bringing design, engineering, production and other capabilities of Alcoa's businesses to customers. In addition to aluminum products and components, Alcoa also markets consumer brands including Reynolds Wrap(R) foils and plastic wraps, Alcoa(R) wheels, and Baco(R) household wraps. Among its other businesses are vinyl siding, closures, fastening systems, precision castings, and electrical distribution systems for cars and trucks. The company has 120,000 employees in 42 countries and has been a member of the Dow Jones Industrial Average for 45 years and the Dow Jones Sustainability Indexes since 2001. More information can be found at www.alcoa.com.