Avery (AVY) Opens Electronics Solutions & Technology Center

Avery Dennison Corporation's AVY Industrial and Healthcare Materials' Performance Tapes business has opened an Electronics Solutions and Technology center in Silicon Valley, CA. The move reflects business potential in the electronics sector for high performance adhesive tapes.

The 6,000 square foot new facility has been designed, equipped and staffed to provide exceptional engineering solutions and services to Avery Dennison's electronics industry customers. The facility includes training area, as well as a lab space where engineers and scientists can work alongside customers' engineering teams.

Avery Dennison's new center is the region's only facility providing full service prototyping, material and substrate characterization, and performance testing at a single location. Primary applications serviced at the lab include laptops, tablets, notebooks, mobile phones and other electronics requiring engineered PSA solutions.

The Electronics Solutions and Technology center is now open to customers for same day solutions. The official opening of the facility will take place in early July.

Avery Dennison remains confident about the consistent execution of strategies that enhances competitive advantage while driving profitable growth and improving returns. Moreover, its focus on productivity, cost control, execution of strategies and new operating structure will drive results, moving ahead.

Year to date, Avery Dennison has outperformed the Zacks classified Office Supplies & Forms sub-industry with respect to price performance. The stock rallied 19.2%, while the industry recorded growth of 11.5% over the same time frame.

Avery Dennison currently carries a Zacks Rank #2 (Buy).

Other Key Picks

Other stocks worth considering in the same sector are AGCO Corp. AGCO, Altra Industrial Motion Corp. AIMC and Parker-Hannifin Corp. PH. All three stocks flaunt a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here.

AGCO has an average positive earnings surprise of 40.39% for the trailing four quarters. Altra Industrial Motion generated an average positive earnings surprise of 15.93% in the past four quarters, while Parker-Hannifin has an average positive earnings surprise of 14.94% for the last four quarters.

3 Stocks to Ride a 588% Revenue Explosion

At Zacks, we're mostly focused on short-term profit cycles, but the hottest of all technology mega-trends is starting to take hold...

By last year, it was already generating $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for those who make the right trades early. See Zacks' Top 3 Stocks to Ride This Space >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
AGCO Corporation AGCO: Free Stock Analysis Report
 
Parker-Hannifin Corporation PH: Free Stock Analysis Report
 
Altra Industrial Motion Corp. AIMC: Free Stock Analysis Report
 
Avery Dennison Corporation AVY: Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research