Wood Dale, IL 60191
Tel: (866) 969-8696
Fax: (630) 628-1769
Sales: $125 million.
Major Products: Sheetfed inks; HUV/UV, LED and EB inks and coatings; HUV/UV, OPV varnishes and strikethrough, conventional and UV waterless offset inks; solvent- and water-based gravure inks; solvent- and water-based flexo inks; inkjet inks; pressure sensitive adhesives; special function coatings; pigments; and plastic colorants.
Key Personnel: Toyo Ink America, LLC: Hisayuki Abe, president and CEO, Michael Ball, CFO; Masa Nagatsubo, GM, Liquid Ink Division; Joseph Sentendrey, GM, PSA Division; Michael Keegan, VP of sales, Paste Ink Division; Vipul Shah, VP of sales, Liquid Ink Division; Kevin Garland, senior sales and marketing manager, Advanced Materials Division. LioChem: Naoto Sumiya, president; Hudson Moody, GM, Plastic Colorant Division; Terry Hall, GM, Gravure Division; Ronnie Robertson, GM, administration division.
Comments: Toyo Ink America, LLC (TIA) is the North Amerian subsidiary of Toyo Ink Group, Tokyo, Japan, the third largest ink supplier with $1.26 billion (¥152,062 million) in sales of printing ink and graphic arts supplies in 2016.
Toyo Ink America had a solid year in 2016. Hisayuki “Yuki” Abe, Toyo Ink America’s president and CEO, said that 2016 was a year in which Toyo Ink America had extraordinary growth in energy-curable products such as HUV and LED inks and coatings.
“We will continue to boost production capacity in the US to address this increase in demand for these growing products,” Abe reported. “Toyo Ink America is also making advancements in liquid inks for packaging and inkjet inks for various applications. These are areas where we anticipate growth, and are pushing sales of these strategic product lines.
“LED process and coating sales increased far above expectations,” Abe added. “Toyo is anticipating another double-digit increase in all coatings, varnishes and inks. HUV sales continue to rise year after year with a significant increase in Pantone blends and specialty varnishes. EB inks and coatings are another area that is attracting attention to provide alternative ways of printing. In addition, the UV inkjet market has became firm and has had a strong showing in 2016 and early 2017.”
With an eye on the growing LED curing market, Toyo Ink America is investing in new facilities throughout the US.
“We have added more plants in North America manufacturing these new technologies this past year,” said Abe. “Toyo has added new equipment for manufacturing in Texas, New Jersey and Illinois. Many printers are adding these low energy products to their manufacturing, and Toyo is using North American production to achieve order fulfillment.
“Our production has increased each year since the inception of these new energy curable products,” Abe added. “Our customers’ biggest need is product delivery and we have increased our manufacturing production on a yearly basis. Our sales volume is increasing each month and delivering our quality products on time has been our main priority.”
Inkjet is anther area where Toyo Ink America is utilizing the experience of its parent company.
“Digital printing is now needed to print on various substrates in this growing market,” Abe said. “To improve customer satisfaction, we will use Toyo’s resources and invest in necessary facilities.”
Abe noted that Toyo feels its product line will continue to grow with specialty applications.
“Many new types of coatings, varnishes and inks are being developed each month,” Abe said. “Our research and development labs have been working to release more products to the marketplace.”
Overall, Toyo Ink America is optimistic that it will enjoy growth in 2017 and beyond.
“Toyo Ink America expects sales of its energy curable product series, which were brisk in 2016, to continue to grow in 2017,” Abe said. “Liquid ink is also one main growth area for us by providing value-added products and services just as we do in the other regions of the world. Digital printing is another area that Toyo is emphasizing. We are looking to expand the digital print market for future growth. Digital print is expected to experience rapid growth especially in the US and Asia. Toyo is now concentrating on water-based inkjet ink for offset coated paper. We have been working to expand our business into new growth fields, adapting our focus with the times.”