David Savastano, Ink World Editor06.30.10
The past two years have proved to be difficult for the printing and ink industries, as the global recession, combined with rising raw material costs, have impacted these businesses. While Latin America did not feel the full impact of the recession, it still felt the effects.
“The crisis did hit the whole Central America region, although México was one of the countries with worse results not only in the region but worldwide,” said Ernesto Sánchez, president of Sanchez S.A. de C.V. “With a decline of 6.5 percent in the GDP, the country saw the worst crisis in more than 30 years.”
“The printing industry as a whole suffered severe set backs in 2009 and did not reflect growth,” said George Sickinger, president and CEO of Color Resolutions International (CRI). “The flexo industry was flat for the first six months and showed single-digit growth in commodity market niches. Our ink sales were also affected by the downturn, and we had to
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