Toyo Ink Group’s first production base in Myanmar

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Toyo Ink
Toyo Ink

Toyo Ink SC Holdings Co. Ltd., the parent company of the Toyo Ink Group of Japan, announced on 12 June 2018 its plans to make a foray into the Myanmar market with the establishment of a production base in the Thilawa Special Economic Zone in Yangon. The company plans to set up a wholly-owned manufacturing subsidiary, Toyo Ink Myanmar Co., Ltd., in July 2018 with an initial paid-in capital of US$ 6.5 million. The new factory is scheduled to break ground in November 2018 with commercial operation expected to begin in November 2019.

The Toyo Ink Group had been planning expansion in Myanmar while supplying the nation with exports via neighboring countries in order to strengthen its market competitiveness and boost business development in the region. In recent years, the government’s aggressive policies to attract foreign funding, such as infrastructure enhancements and the relaxation of import restrictions, have substantially strengthened Myanmar’s investment climate, making it an attractive investment destination.

“Myanmar presents a huge potential for the Toyo Ink Group,” said Katsumi Kitagawa, group CEO of Toyo Ink Group. “As the first major ink manufacturer to set up a production foothold in Myanmar, we look forward to establishing an early leadership position in markets where we can play to our strengths like food packaging and commercial printing. By bringing our manufacturing expertise, cutting-edge technology and support functions to the local market, we aim to make a positive impact on regional development and on enhancing the quality of life of the Myanmar people.”

Initially, the new subsidiary will produce liquid inks for packaging, adhesives for films, and offset inks for the commercial printing market. While monitoring market and regulatory trends, the company plans to expand production capacity and product offerings in Myanmar.

The Toyo Ink Group has expanded its business to a wide array of global markets like panel displays, electronics, food packaging and medical adhesives, all of which rely on its core materials of inks, polymers and colorants. Through its business activities, the Group is committed to achieving its collective vision of a more vibrant world where all living beings and the environment can coexist in harmony.

2023 promises an interesting ride for print in India

Indian Printer and Publisher founded in 1979 is the oldest B2B trade publication in the multi-platform and multi-channel IPPGroup. While the print and packaging industries have been resilient in the past 33 months since the pandemic lockdown of 25 March 2020, the commercial printing and newspaper industries have yet to recover their pre-Covid trajectory.

The fragmented commercial printing industry faces substantial challenges as does the newspaper industry. While digital short-run printing and the signage industry seem to be recovering a bit faster, ultimately their growth will also be moderated by the progress of the overall economy. On the other hand book printing exports are doing well but they too face several supply-chain and logistics challenges.

The price of publication papers including newsprint has been high in the past year while availability is diminished by several mills shutting down their publication paper and newsprint machines in the past four years. Indian paper mills are also exporting many types of paper and have raised prices for Indian printers. To some extent, this has helped in the recovery of the digital printing industry with its on-demand short-run and low-wastage paradigm.

Ultimately digital print and other digital channels will help print grow in a country where we are still far behind in our paper and print consumption and where digital is a leapfrog technology that will only increase the demand for print in the foreseeable future. For instance, there is no alternative to a rise in textbook consumption but this segment will only reach normality in the next financial year beginning on 1 April 2023.

Thus while the new normal is a moving target and many commercial printers look to diversification, we believe that our target audiences may shift and change. Like them, we will also have to adapt with agility to keep up with their business and technical information needs.

Our 2023 media kit is ready, and it is the right time to take stock and reconnect with your potential markets and customers. Print is the glue for the growth of liberal education, new industry, and an emerging economy. We seek your participation in what promises to be an interesting ride.

– Naresh Khanna

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