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.
No. of Employees: 200.
Comments: Headquartered in Kyonggi-Do, Korea, Daihan Ink Co., Ltd. is the oldest ink manufacturer in Korea. Daihan Ink has a full complement of liquid, paste and digital inks specializes in full portfolio of inks, and added a waterless ink, water-based coating, and environmentally-friendly blanket and plate cleaner recently.
Daihan Ink had a solid year in 2016, with sales coming in at $85 million. Charlie Lee, head of the Overseas Sales Department’s team, reported that packaging is the best opportunity for growth right now.
“Commercial printing is decreasing, while the packaging printing market still is growing,” Lee said. “And at the same time, there is more demand for good but cheap UV ink.
In terms of overseas markets, there are many new small Chinese companies who are more focused on export, because they lose competition even in their local market.
There is more supply than demand now.”
Raw material costs remain a challenge for ink manufacturers, and Daihan Ink is no exception.
“ Fortunately, for the last couple of years until now, raw material prices have been quite stable, particularly oils and rosins,” said Lee. “But when there is a rise in raw material costs, we try to absorb it by ourselves first, and not increase the ink price by keeping the cost down, not only for raw materials but also all the expenses in the factory. And now, there are many lower priced inks. We haven’t increased the price for so long, and we are trying to develop lower priced ink or find the way how we can supply less expensive ink.”
Daihan Ink has two factories in Korea. Its Anyang factory, located 15 km from Seoul, was built in 1976, while the Pyeongtaek facility, 60 km from Seoul, was built in 2006. Daihan Ink recently completed its new ink factory in Vietnam.
“We built a new factory in Vietnam, and started operations since October 2016,” Lee said. “We are now preparing some other investment in Asia.”