So, too, is the world of business. While it is quite possible for a company to stay within its regional or national borders and succeed, the path to greater sales lies across those borders. Such is the case in the printing ink industry, where major printers are expanding into new regions and would prefer their suppliers to follow, and technologies are developed that are gaining greater acceptance worldwide.
The flow of traffic is not all one way. While Indian-based Hindustan Inks and Resins opened a U.S. subsidiary, Environmental Inks and Coatings branched out from its North Carolina roots to open a facility in Holland. Many companies worldwide are developing joint ventures in the People’s Republic of China. It comes down to this: where opportunities present themselves, entrepreneurial companies will take a chance to meet new or potential demand.
Because the economic downturn in the U.S. is impacting the rest of the world, the way business is being done in the printing ink industry has changed this year. There are no major consolidations to note. Instead, companies are focusing on what they do best, and what they hope to accomplish in the future. A look at the 24 Top International Companies that we profile can provide some insight into that future; companies that are looking ahead ultimately will be ones that will succeed.