Resin manufacturers have been facing the same pressures as the ink industry in the past few years, including higher raw material prices and tight competition.
David Savastano, Ink World Editor06.01.06
(Photo courtesy of Sartomer.)
Resin manufacturers have been facing many of the same pressures as the ink industry in the past few years, including higher prices and tight competition.
Like their customers in the ink industry, they have become more efficient and also have raised prices. There has also been movement in terms of consolidation, as Hexion Specialty Chemicals and BASF have made moves to acquire Akzo Nobel Ink and Adhesive Resins and Johnson Polymer, respectively.
Yet, for the most part, resin manufacturers had a good year in 2005, as the general economy showed improvement.
“In general, Noveon did well in 2005,” said Carol Durgan, tactical marketing manager, resins and polymers for Noveon, Inc. “The small- and medium-sized ink companies are gaining business and getting stronger in the marketplace. We have several new products and look forward to another successful year in 2006.”
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