ADHESIVE material manufacturer Avery Dennison is investing US$12 million to build headquarters in Hong Kong in a bid to expand the group's business in the Asia Pacific region.
The company intends to pay particular attention to China and the emerging economies of Southeast Asia.
The group's total investment in its Tseung Kwan O headquarters will reach $100 million after five years. The investment involves installation of new electronic and satellite facilities.
Chairman and chief officer Charles Miller said the headquarters would carry out regional operations and manufacturing processes to cater for the needs of the growing Asian market.
'The headquarters is to ensure consistent quality of our products and to provide excellent customer services,' Mr Miller said.
The new plant will be completed next year and start production in November.