03.15.19
1225 N. Michael Drive
Wood Dale, IL 60191
Tel: (866) 969-8696
Fax: (630) 628-1769
www.toyoink.com
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: Yuki Abe, president and CEO; Michael Ball, CFO; Vipul Shah, GM, Liquid Ink Division; Joseph Sentendrey, GM PSA Division; Michael Keegan, VP of sales, Paste Ink Division; Ron Rauck, VP of sales, Liquid Ink Division; Kevin Garland, senior sales and marketing manager, Advanced Materials Division. LioChem: Teruaki Ido, president; Hudson Moody, GM, Plastic Colorant Division; Terry Hall, GM, Gravure Division; Ronnie Robertson, GM, administration division.
Comments: Toyo Ink America, Wood Dale, IL, is the North American subsidiary of Toyo Ink Group, Tokyo, Japan. Toyo Ink Group is the fourth-largest global ink manufacturer, with $1.3 billion in sales of printing ink and graphic arts supplies in 2018.
Toyo Ink America (TIA) had a good year in 2018, with new products leading the way.
“TIA had a strong year throughout the organization, led by new product offerings in 2018 in all four divisions, from inks to adhesives,” said Vipul Shah, GM, Liquid Ink Division. “We launched our digital ink manufacturing in the US, introduced multiple high-performance lamination ink products for both flexo and gravure into the North American market, introduced Toyo Morton laminating adhesive solutions into North America and continued strengthening our pressure sensitive products business.”
The raw material market was particularly challenging for the ink industry in 2018, from price increases and raw material shortages to tariffs and trade barriers.
“The Blue Sky initiative continues to curb production in China, and availability of products remains a concern,” said Jyoti Gidvani, corporate purchasing for Toyo Ink America. “ The price of many products increased due to shortage and additional 10% tariff implemented in September 2018. Toyo Ink America continues to source raw materials produced outside of China to reduce the dependency of direct purchases from China and lessen the impact of the 10% tariff.” Gidvani added that the decision on the proposed additional 15% tariff implementation on goods from China has yet to be concluded.
Shah noted that Toyo Ink was able to overcome these concerns, and will continue to develop solutions to these issues.
“Primary challenges in 2018 were on our energy curable markets and the uncertain nature of the effects and timing of US tariff policy,” Shah noted. “Both areas represented margin challenges for the business. However, through targeted price increases and leveraging the Toyo global footprint, we have been able to weather the situation while maintaining the integrity of the business.
“The business today requires us to be vigilant in our understanding of not just our marketplace but also on the dynamic global political climate,” added Shah. “The issues that we see affecting our business in the near-term include but are not limited to, tariffs, environmental regulations and the winds of political change taking place in countries across the globe. The one constant in each of these areas is that the solutions will require an open mind and nimble organization.”
Developing environmentally friendly products is one area of growth for Toyo Ink America.
“TIA continues to spend time and resources in alternative technologies to enhance our conventional offerings,” Shah said. “These technologies are focused on the increasing demand for products that leave behind smaller environmental footprints while maintaining the performance needs of a growing population.”
Overall, Shah and Toyo Ink America are optimistic about 2019.
“We recognize there are many challenges ahead from the global environment, but our plan continues to build on the previous year’s successes and introducing our newest solutions into the North American market that build value for our customers,” Shah concluded.
Wood Dale, IL 60191
Tel: (866) 969-8696
Fax: (630) 628-1769
www.toyoink.com
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: Yuki Abe, president and CEO; Michael Ball, CFO; Vipul Shah, GM, Liquid Ink Division; Joseph Sentendrey, GM PSA Division; Michael Keegan, VP of sales, Paste Ink Division; Ron Rauck, VP of sales, Liquid Ink Division; Kevin Garland, senior sales and marketing manager, Advanced Materials Division. LioChem: Teruaki Ido, president; Hudson Moody, GM, Plastic Colorant Division; Terry Hall, GM, Gravure Division; Ronnie Robertson, GM, administration division.
Comments: Toyo Ink America, Wood Dale, IL, is the North American subsidiary of Toyo Ink Group, Tokyo, Japan. Toyo Ink Group is the fourth-largest global ink manufacturer, with $1.3 billion in sales of printing ink and graphic arts supplies in 2018.
Toyo Ink America (TIA) had a good year in 2018, with new products leading the way.
“TIA had a strong year throughout the organization, led by new product offerings in 2018 in all four divisions, from inks to adhesives,” said Vipul Shah, GM, Liquid Ink Division. “We launched our digital ink manufacturing in the US, introduced multiple high-performance lamination ink products for both flexo and gravure into the North American market, introduced Toyo Morton laminating adhesive solutions into North America and continued strengthening our pressure sensitive products business.”
The raw material market was particularly challenging for the ink industry in 2018, from price increases and raw material shortages to tariffs and trade barriers.
“The Blue Sky initiative continues to curb production in China, and availability of products remains a concern,” said Jyoti Gidvani, corporate purchasing for Toyo Ink America. “ The price of many products increased due to shortage and additional 10% tariff implemented in September 2018. Toyo Ink America continues to source raw materials produced outside of China to reduce the dependency of direct purchases from China and lessen the impact of the 10% tariff.” Gidvani added that the decision on the proposed additional 15% tariff implementation on goods from China has yet to be concluded.
Shah noted that Toyo Ink was able to overcome these concerns, and will continue to develop solutions to these issues.
“Primary challenges in 2018 were on our energy curable markets and the uncertain nature of the effects and timing of US tariff policy,” Shah noted. “Both areas represented margin challenges for the business. However, through targeted price increases and leveraging the Toyo global footprint, we have been able to weather the situation while maintaining the integrity of the business.
“The business today requires us to be vigilant in our understanding of not just our marketplace but also on the dynamic global political climate,” added Shah. “The issues that we see affecting our business in the near-term include but are not limited to, tariffs, environmental regulations and the winds of political change taking place in countries across the globe. The one constant in each of these areas is that the solutions will require an open mind and nimble organization.”
Developing environmentally friendly products is one area of growth for Toyo Ink America.
“TIA continues to spend time and resources in alternative technologies to enhance our conventional offerings,” Shah said. “These technologies are focused on the increasing demand for products that leave behind smaller environmental footprints while maintaining the performance needs of a growing population.”
Overall, Shah and Toyo Ink America are optimistic about 2019.
“We recognize there are many challenges ahead from the global environment, but our plan continues to build on the previous year’s successes and introducing our newest solutions into the North American market that build value for our customers,” Shah concluded.
