With their strong market presence and reach into the flexible packaging market, ASA will spearhead the marketing and sales of Siegwerk Ink Packaging products in the Philippines. This arrangement presents a win-win situation for both companies because their areas of focus complement each other – ASA concentrates on flexible packaging inks (toluene-based), while Siegwerk’s focus is on toluene-free ink technology (gravure and flexo), which is becoming increasingly popular with local printers catering to big international brands such as Nestlé.
Another area of focus will be UV inks, where there is a growing demand in the market. ASA does not have any UV inks in their current product portfolio, and is highly interested in Siegwerk’s UV ink technology, which currently has a considerable market share worth about $500,000 annually.
“This is a wonderful opportunity for both Siegwerk and ASA,” said Christian Vang, Siegwerk Group’s vice president and head of Asia Pacific. “We’re confident that with ASA as a platform, our products will be more visible and accessible to the industry players. ASA is also very happy to be able to grow their product portfolio by including our UV inks.”