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CCL Industries Inc.

03:42 PM EST - CCL Industries Inc. : announced today that it has signed a binding agreement to build a new plastic tube manufacturing and decorating plant in Bangkok, Thailand in partnership with Taisei Kako Co., Ltd., a leading Japanese producer of specialty plastic containers for the personal care and pharmaceutical markets headquartered in Osaka. Between them the partners will invest a total of US$5 million in equity to start the joint venture with initial capacity provided through equipment transfers from existing CCL and Taisei Kako tube operations. CCL Industries Inc. shares T.CCL.A are trading up $2.00 at $67.99.