Located in the city of Glendale, California, Avery Denison Ltd. ‘s auisition of Hebei Zhuozhou Yongle tape Co. was heard at the price of $190 million (RMB 1 billion 310 million). The company says it is the world′s largest PVC adhesive belt manufacturing enterprise, but also the production of polymeric plasticizer, PVC film, adhesive tape and materials. Avery Denison, vice president of industrial and medical materials business said, Yongle will consolidate the position of Eli Dennison in the global auto industry and its industrial customers to supply products. Last year Yongle sales of about 1 billion 100 million yuan. Wing Lok was founded in 1985, in Zhuozhou and Shanghai, a total of 1200 employees, with complete production facilities.