Tel: +82 31-467-6437
Fax: +82 31-443-8570
Sales: $85 million.
Major Products: Offset sheetfed, web heatset, UV ink; metal deco ink; letterpress ink; UV inkjet ink;digital sublimation ink. Sister company DI&C produces gravure and flexo ink.
Key Executives: J.S. Han, chairman; H.S. Ahn, CEO for Offset Ink Division; C. H. Lee, CEO for Liquid Ink Division.
Number of Employees: 200.
Comments: The oldest ink manufacturer in Korea, Daihan Ink Co., Ltd. had a good year in 2015, with sales remaining essentially stable at $85 million. The company specializes in a full portfolio of inks, including offset, flexo, gravure and inkjet inks, and recently introduced a waterless ink.
Daihan Ink’s Charlie Lee reported that raw material prices have remained steady for the most part during the past year.
“Fortunately, from the couple of years until now, raw material prices have been quite stable,” Lee noted. “But when there is a rise in raw material costs, we first try to absorb it by ourselves and not increase our ink prices, not only for raw materials but also all the expenses in the factory.”
Daihan Ink has two factories. Its Anyang factory, built in 1976, is located 15 km from Seoul. The second factory, built in 2006, is in Pyeongtaek, 60 km from Seoul. Daihan Ink is now expanding into Southeast Asia.
“We are now building a new factory in Vietnam,” Lee said. “Construction will be finished within August or September, trial running will be done by this year, and from next year, official sales will be started.”
Lee said that the consolidation on the ink industry is a challenge for mid-sized ink manufacturers.
“Now, it seems that the big ink companies become bigger giants by merging smaller ones,” Lee said. “It looks like they are doing economies of scale, but at the same time, they handle the price with many flexibilities (decreasing the price), so we are worried that will boomerang, and finally hurts us all. So, just like our mid-sized company, we are trying to find some niche market where the big giants can’t reach.”
Lee said that one area of interest is digital printing.
“The digital printing industry is getting bigger, and its efficiency (quality, cost, speed) compared to conventional printing becomes better and better, so we are preparing something step-by-step for this digital market,” he noted.