There has been some good news for the ink industry during the past year. Many ink manufacturers have reported that their sales improved, although margins remain tight. For the most part, raw material cost and supply have stabilized, albeit at a higher level than before.
During its 2013 annual convention, the National Association of Printing Ink Manufacturers (NAPIM) released its State of the Industry Report for the past year. While the survey shows that printing ink sales increased by 0.9% from 2011, volume declined 3.5%, mostly on the publication/commercial side. NAPIM reports that the ink industry’s EBIT was 1.2%, which is a minor return; raw material prices play a major role in that figure.
The strongest sales growth is coming from the packaging and inkjet segments. In The Packaging Ink Market, ink industry leaders discuss the trends they are seeing in the packaging field. In The Inkjet Ink Report, leading inkjet ink companies offer their thoughts on the growth areas of the future.
Makers of resins and additives confirmed that sales improved in 2012, and added that ink manufacturers are looking for improved products. In The Resin Report, and The Additives Market, industry executives offer their insights in their respective markets.
On a personal note, I am honored to welcome Penny Holland, vice president, NAI marketing at Sun Chemical, to Ink World’s Editorial Advisory Board.
At Sun Chemical, Ms. Holland is responsible for setting and coordinating a marketing strategy throughout the organization. She has more than 20 years’ experience in the printing industry; prior to joining Sun Chemical, she was Océ North America’s director, business development, where she and her team were responsible for managing the wide format product portfolio. Before Océ, Ms. Holland held various financial positions at Xerox Corporation. She received her undergraduate degree in finance and her MBA from the Kellogg School of Management at Northwestern University.
I rely heavily on Ink World’s Editorial Advisory Board for guidance and advice, and with Ms. Holland’s expertise, we will continue to provide our readers with the comprehensive information they need during these changing times.