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Friday, August 8, 2014

Toyo Inks India

Japanese manufacturer Toyo Ink Group has opened up a second factory, expanding its manufacturing foothold in India, one of the fastest growing economies in the region.

In July of 2014, the company inaugurated its second production site in India, in Dahej, Gujarat state, which is along the country's eastern coast.

The new US$17-million (¥1.7-billion) facility has begun production to manufacture offset inks to satisfy demand in the rapidly growing printing market in India—which is interesting, because everywhere else, it is claimed that 'print is dead'.

Headed by the Tokyo-based holding company Toyo Ink SC Holdings Co., Ltd., the Toyo Ink Group is a leading manufacturer and supplier of a variety of chemical products based on its unique color materials, adhesives and resins technologies accumulated over a century of manufacturing expertise in pigments and printing inks.

Today, the Group consists of approximately 70 companies and more than 8,000 employees in 24 countries and areas around the world.

With a production capacity of 10,000 metric tons a year—nearly three times that of the company's first manufacturing facility, the Noida plant in Delhi, India—the new Gujarat plant strengthens the Toyo Ink Group's ability to meet local demand while ensuring a consistent supply of high-quality products on a global level, particularly to neighboring markets in Europe, the Middle East and Africa.

"Growing demand has pushed production at our Delhi plant to capacity," explains Toyo Ink India Pvt. Ltd. chairman Nishikaze Shingo (surname first).

He continues: "With the establishment of a second inks plant, we are well-positioned now and in the future to support our customers' growth in India and its neighboring regions. This is an important step in implementing our SCC-III mid-term growth strategy.

"Toyo Ink is working to expand our worldwide operations while enhancing our global supply capabilities to respond quickly and effectively to our customers' evolving needs."

Since the establishment of Toyo Ink India in 2007, the Toyo Ink Group has steadily created an infrastructure on which it has built a broad production, sales and logistics network.

Toyo Ink India first began manufacturing offset inks at its Delhi plant in 2008. To meet growing local demand, it expanded production to include inkjet inks in 2011 and gravure inks for the food packaging sector in 2012.

Its three branch offices in Delhi, Mumbai and Chennai are strategically located to support sales and distribution activities as well as serve customers throughout the country with technical support such as color matching and blending services.

In 2013, the Toyo Ink Group established a manufacturing joint venture for azo pigments with Heubach Colour Pvt. Ltd., a leading producer of organic pigments.

Located in Ankleshwar, also in the Gujarat state, the production site for the new alliance Heubach Toyo Colour Pvt. Ltd. is expected to come onstream soon with an annual capacity of 2,000 metric tons per year.

Heubach Toyo Colour will supply the Toyo Ink Group to meet its internal consumption requirements for high-quality and cost-competitive materials as well as offer pigment products to its global customers.

With its proximity to emerging markets in Europe, the Middle East and Africa, India is considered to be ideally-situated as a strategic hub for the Group's manufacturing and global supply chain needs.

Going forward, the Toyo Ink Group plans to strengthen its local presence and diversify its business in the country.

"India is a market that holds immense potential for the future for us," says Toyo Ink India chief executive officer and managing director Bodi S. Kampani.

"In the current fiscal year, Toyo Ink India intends to boost our gravure inks production capacity and scale up our inkjet inks operations with further enhancements to the Delhi plant," continues Kampani.

"In addition, in Gujarat, we plan to install new equipment for the manufacturing of resins and adhesives and expand production of plastic colorants, with the aim of later creating a production base for compounds developed in conjunction with Group products. The Toyo Ink Group is working to develop a multi-faceted operation to help meet burgeoning demand and contribute to the enrichment of life and culture of the people in India and surrounding areas."

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