Penn Color to unveil its newest technology center in Singapore

New facility to focus on Asia-Pacific customers

Penn Color
Penn Color's Singapore Technology Center. Photo Penn Color

Penn Color will hold the grand opening celebration of its new Singapore Technology Center on 10 January 2023. The modern facility will allow the organization to be even closer to its Asia-Pacific customers, and to better meet their needs. The technology center will be a place for brands, designers, converters, and materials & equipment suppliers, to come together and harness their collective creative power to conceive, develop and validate new products.

Headquartered in Hatfield, US, Penn Color is a family-owned leading global supplier of colors and functional additives in masterbatches and compounds for thermoplastics, as well as high-performance pigment dispersions for inks and coatings.

The company’s team of experts in color, functional additives and material science will work with clients every step of the way – from initial consultation through final delivery – ensuring that customers’ projects are a success. “As Penn Color keeps expanding its global footprint, this technology center brings many exciting new dimensions to the company,” says Phil Riccardi, Penn Color’s Commercial director, APAC.

With an impressive track record as a fast-paced hub for economic growth and technological advancement, Singapore shows one of the highest concentrations of technical and design centers,” continues Riccardi. “In fact, many well-known global companies have chosen to locate their Asia-Pacific facilities in Singapore, drawn by the city-state’s pro-business environment and highly skilled workforce. As a result, being in Singapore puts us right in the middle of some of the most dynamic markets in the world, and provides our team with the ideal platform to work closely with global brands, as well as to bring our unique value proposition to new customers,” concludes Riccardi.

Penn Color is committed to offering the best possible experience for its clients, and that commitment is on full display at the new Singapore Technology Center. The center was designed with input from thousands of hours spent with customers in Penn Color’s existing technology centers in the US and Europe, resulting in a bright, open space that is both welcoming and inspiring.

The laboratory provides access to a full set of capabilities and enabling technologies, specifically developed by Penn Color to accelerate design, prototyping, and sampling. It flows seamlessly into the creative space, which is filled with natural light. Tropical elements and natural building materials define both communal areas to encourage communication and collaboration, and private offices for visitors to conduct confidential business. Visitors will feel right at home in this creative environment, making it the perfect place to conduct business and develop products.

Every day, we listen to customers telling us that it is not enough to simply have good products: a great experience is what makes a difference,” says Nicolas Rivollet, Penn Color’s VP of Marketing. “The new Singapore technology center gives us the very exciting opportunity to take our customers on a design journey that is much different than what they are used to: with development made creative, agile, and transparent; with the right inspirational atmosphere for the teams to bring to life something unique and differentiated; with the ability to deliver in days what typically takes months. That’s the Penn Color experience.

From concept to a global scale, our Technology Centers in the US, the Netherlands, and now in Singapore give our customers an edge in the marketplace and help us take bold steps forward, especially in packaging and consumer goods applications.”

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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