Asia-Pacific Europe North America Japan Other001990200020102020Hot-melt adhesive products for labelsValue CreationSpecial Feature 2330340310280Since the 1980s, the LINTEC Group has been expanding its label-related business overseas, particularly in Asia. In December 2016, the Company made a full-scale entry into the North American market through the acquisition of MACTAC AMERICAS, LLC. A manufacturer of adhesive paper and film for labels, MACTAC AMERICAS also produces and sells decorative graphic film for wall surfaces and various types of industrial and medical tape. With production facilities in Mexico as well as the U.S., MACTAC AMERICAS has established a sales, cutting, and shipping system that spans the vast North American market. With a full range of services for more than 1,000 clients, the company has built a strong position in the North American market. facilities for hot-melt adhesives that coat by melting with heat, capabilities that were new to the LINTEC Group. These adhesives do not use organic solvents in the coating process, which reduces environmental impact, and they feature sufficient adhesive strength even on objects that are typically difficult to adhere to, such as sur-faces that are frozen, condensate-covered, or rough. We are currently working to increase sales of this company’s products in Japan, as well as in the Southeast Asian and European markets. Meanwhile, LINTEC has sent staff from Japan to actively promote its high-value-added film products in the North American market.The company also possesses superior formulation technology and high-speed coating ¥ Billion80604020Source: “The Japanese Label Market 2022,” Label Shimbun20182019202020212022(Forecast)(Fiscal years ended / ending December 31)Millions of people350300250200EmployeesNet salesBusinesses2025(Forecast)Source: International Monetary Fund (IMF)Ohio, United States763 (as of December 31, 2021)¥47.7 billion (fiscal year ended December 31, 2021) Production and sale of adhesive products for labels and graphic film(Year)24As a leading company in adhesive products for labels in Japan, we are accelerating the expansion of our business overseas. Particularly in recent years, we have worked to increase the production capacity and sales capabilities of our U.S. subsidiary, MACTAC AMERICAS, LLC, in the North American market. In this section, we introduce the North American label-related business, which holds the key to growth for the LINTEC Group.MACTAC AMERICAS, LLC, Building a Firm Position in the North American MarketNet Sales of the MACTAC GroupGlobal Shipments of Adhesive Labels, by Region202063.847.735.736.336.8U.S. Population Trends250Overview of MACTAC AMERICAS, LLCLocationOngoing Stable Growth in the North American MarketIn terms of shipments, North America accounts for a 23% share of the global market for adhesive labels, making it the third-largest market after the Asia-Pacific region and Europe. The U.S., its central market, is a developed country whose population continues to grow. Accordingly, the North American market for adhesive labels is forecast to grow steadily, at an annual rate of 3% or more.LINTEC’s North American Label-Related Business
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