Presentazione standard

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The History

• The Vibac Group began its activities in the
  1970s in the adhesive cloth tape for the shoe
  industry. The group then progressively
  diversified its activity horizontally and
  vertically, through the production of adhesive
  tape for industrial packing and the production of
  BOPP Film (Bioriented Polypropylene) for
  industrial and food usage, that up to today
  explains 60 of sales.
• From the beginning of the 1970s to present day
  the development of the Tape Division has passed
  through the productive units of Ticineto (Vibac
  Italia SpA Headquarters, today with eminently
  administrative functions), Montreal (Vibac Tape
  Corporation Canada) and Termoli (with a
  productive global capacity of about 1.200 million
  square meters).
• The BOPP FILM DIVISION was created in 1980 with
  the construction of the first bioriented
  polypropylene plant at LAquila (Italy) . The
  growth of the BOPP Film Division with the
  increase of the productive capacity at LAquila
  and the consecutive openings of the plants in
  Potenza (Italy), Montreal (Canada) and Morristown
  (USA) have permitted to follow the evolution of
  the polypropylene market.

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The History

• The BOPP Film Division today has a productive
  capacity of 150.000 tons annually of BOPP Film
  thanks to a 7 line production from 3 to 7 layers
  and 5 metallizers.
• Presently, The Vibac Group is composed of 6
  productive units situated in Italy, the United
  States and Canada, and employs worldwide a total
  of more than 900 employees.

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Group Structure AS IS
TICINETO
LAQUILA
POTENZA
TERMOLI


Administrative unit
BOPP Film production facility
Tape production facility

COMMERCIAL REPRESENTATION
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Group Structure Functional Approach
VIBAC GROUP
FILM DIVISION
Tape AREA
TAPE DIVISION
NORTH AMERICA
EUROPE
EUROPE
NORTH AMERICA
CAPACITY TONS. 2006
CAPACITY TONS. 2006
CAPACITY MIO SQM. 2006
CAPACITY MIO SQM. 2006
VIBAC MONTREAL
LAQUILA
TERMOLI
VIFAN MORRISTOWN
800
400
42.000
33.000
VIFAN LANORAIE
POTENZA
22.000
53.000
95.000
55.000
TOTAL CAPACITY 150.000 TONS
TOTAL CAPACITY 1.200 MIO SQM
Tape Productuion Line
Film production Line
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The Plants
Film LAquila - ITALY Capacity 42 KTons 3 Tenter
Lines (3-5-7 layers) AIB ISO 9001 Certified
Film Potenza - ITALY Capacity 53 KTons 2 Tenter
Lines (3-5-7 layers) 4 In House Metalizers AIB
ISO 9001 e ISO 14001 Certified
Film Morristown - TENNESSEE Capacity 33 KTons 1
Tenter frame over 26 feet wide 1 In House
Metalizer AIB ISO 9001 Certified
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The Plants
Film Lanoire - QUEBEC Capacity 22 KTons Tenter
Frame 8.1 meters AIB ISO 9001 Certified
TAPE Termoli - ITALY Capacity 810 Mio sqm AIB
ISO 9001 e ISO 14001 Certified
TAPE Montreal QUEBEC Capacity 400 Mio sqm AIB
ISO 9001 e ISO 14001 Certified
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The Products

• The Vibac Group is one of the main manufacturers
  specialized in the production and distribution
  of
• Flexible Packaging Labeling based on BOPP Film
  (Bioriented)
• Pressure Sensitive Tapes for Carton Sealing, a
  combination of three layers
• RELEASE AGENT, upper layer
• BACKING or Film, middle layer on which the
  adhesive is coated. The Vibac group is
  specialized in the production of BOPP Film
• ADHESIVE, adhesive layer

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The Products Flexible Packaging

• The BOPP Film, together with PE and BOPET Films,
  is one of the three main materials in the world
  used for the Flexible packaging. It has replaced
  paper and PVC in many applications, because its
  production process respects the environment and
  doesnt pollute.
• BOPP is cheaper than BOPET and PE and has very
  good features
• It is very good for printing applications
• It does not change its features (it does not
  become wrinkled or shrinks) with great heat
  variations
• It is light, non toxic, without odors, strong,
  trasparent and resistant to humidity.
• It finds large applications for food packing
  (precooked foods, cookies, candy, snacks, ice
  cream, etc) and recently it has become popular to
  big End Users like Coca Cola, Procter Gamble,
  Pepsi etc. as a material to be used for labelling
  products.

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The Products Flexible Packaging BOPP Film
Processing
CRACKING
PRODUCTION PROCESS OF THE FILM
FINAL DESTINATION
POLYMERIZATION
REJECTED
EXTERNAL MARKET
CUT
REJECTED
YES
POLYPROPYLENE
PROPYLENE
NAPTHA NATURAL GAS
CUT
COIL FILM
EXTRUSION
A
METALIZATION
YES
NO
CAPTIVE SALES
NO
EXTERNAL MARKET
REJECTED
YIELD (SLITTED NEUTRAL Film SLITTED METALIZED
Film/ (USED PROPYLENE QUANTITY)
Vibac Film Activity
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The Products Tape

• The technology that can be used in the
  production of pressure sensitive tapes is
• The Vibac group today is specialized in the
  production of Tape for Carton Sealing, with 2
  solvent and 2 Hot Melt technology production
  lines in the Termoli plant and the other one in
  the Canadian Plant. The group is known on the
  market as the acknowledged leader in Solvent
  technology. 75 of its production is based on
  Solvent technology.

• Acrylic water based, of low quality (largely
  diffused in the Asian market)
• Hot Melt it implies the use of rubber and
  synthetic resin and occurs by hot fusion. It
  shows medium quality features and requests more
  contained investments in respect to solvent
  technologies
• Solvent it implies the use of natural rubbers
  dissolved in solvent and occurs by cold coating.
  Technology with high quality features. It
  requests high investments

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The Products The Tape processing (Carton
Sealing)
PRODUCTIVE PROCESS
FINAL DESTINATION
MATERIAL ACQUISITION 1
EXTERNAL MARKET
A
REJECTS
JUMBO TAPES
SPREADING
EXTERNAL MARKET
CUTS
ROLLS
ADHESIVE
ADHESIVE IS SPREAD UTILIZING SOLVENT OR HOT MELT
YIELD (PRODUCED ROLLS PRODUCED JUMBOS
JUMBO USED PER ROLL )/ (QUANTITY OF Film USED
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Tape The demand
MIO / SMQ
CAGR
PREVALENT TECHNOLOGY
ACRYLIC
SOLVENT
HOT MELT
Fonte Freedonia 2007
CAGR Compound Annual Growth Rate
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Tape The applications

• Historically, the Tape industry is dominated by
  the application for packing (Carton Sealing)
  followed at a some distance by Masking (that uses
  paper) used for coverings in the automotive,
  building, construction and do-it-yourself fields.
  In the next years Freedonia studies do not
  register substantial changes in the demand.

The company management believes that the Masking
growth forecast estimated by Freedonia is is
underestimated in the light of the projection
methodology that doesnt consider the evolution
of growth rates in Eastern Europe In the above
terms, the management believes that the Masking
share in 2010 can reach 15 incidence on the
total demand, to the detriment of the
applications different from Carton Sealing The
values indicated in the following slides are
however done according to Freedonias forecast
HHist
Fonte Freedonia 2007
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Tape The applications

• Other than Carton Sealing, where we can find
  different technology applications can be found,
  Masking is a type of Tape suitable almost
  exclusively for the Solvent technology, so that
• It does not leave traces
• It stands high thermal variations
• It is not noisy when ripped
• The limit of the solvent technology can be
  found in the high investments and in the time to
  market (longer), and for such reasons we see the
  birth and development of Hot Melt also in Europe,
  where the growth of demand at the beginning of
  2000 could find a rapid response in this
  technology. It requests in fact
• Contained investments
• Minor Knowledge / competence

The European Association for the Self Adhesive
Tape Industry (AFERA) thinks that 73 of the
Masking demand in 2005 is solvent based Masking.
Such percentange tends to grow in the future
years against the Hot Melt technology.
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Tape Considerations

• On a worlwide level, an annual growth of about 5
  is registered.
• If on a associated level the data of the North
  American market lines up to a contained growth of
  demand, a deeper analysis shows interesting
  dynamics in fact if the US economy grows at a
  rate of about 2 and is described as an export
  economy, thanks also to the dollar devaluation,
  the Canadian and Mexican economy shows growth
  rates of demand that do not find an answer in the
  existing productive capacity. At a global level
  therefore the NAFTA market shows interesting
  margins of penetration.

FONTE Freedonia 2007, elaborazioni AG