• Login
    • Join
  • FOLLOW:
  • Subscribe Free
    • Magazine
    • eNewsletter
    Checkout
    • Magazine
    • News
    • Exclusives
    • Top Companies
    • Printing Inks
    • Raw Materials
    • Equipment
    • Directories
    • Events
    • Jobs
    • More
  • Magazine
  • News
  • Exclusives
  • Top Companies
  • Printing Inks
  • Raw Materials
  • Equipment
  • Directories
  • Events
  • Jobs
  • Current / Back Issues
    Features
    Columns
    Editorial
    Digital Edition
    eNewsletter Archive
    Our Team
    Editorial Guidelines
    Subscribe Now
    Advertise Now
    eBook
    Top Features
    The Inkjet Ink Market in 2023

    The Pigment Market Continues to Grow in 2023

    TSCA and the Ink Industry

    Mike Oberski Receives NAPIM’s TAM Service Award

    Sustainability and Raw Materials
    Breaking News
    Distributor News
    Financial News
    Industry News
    Ink Manufacturers News
    Market Research
    Mergers and Acquisitions
    New Products
    Personnel
    Price Increases
    Printers News
    Suppliers News
    Live From Shows
    Video Bites
    Top News
    Executive Board Member Stefan Schülling to Leave Epple Druckfarben at End of February 2023

    Epson SureColor F6470, SureColor F6470H Dye-Sub Printers Available

    Dr. Ranjini Murthy to Join Azelis Americas as SVP of Commercial and Digital Excellence

    Weekly Recap: Sustainability and Pigments, TSCA and Raw Materials Top This Week’s Stories

    Roland DGA Announces Major Expansion of TrueVIS Printer Family
    Whitepapers
    Glossary
    Top North American Companies
    Top International Companies
    Conductive Inks and Printed Electronics
    Graphic Arts Coatings
    Inkjet Inks and Toners
    Marking and Pad Printing Inks
    News Inks
    Packaging Flexo Inks
    Packaging Gravure Inks
    Publication Gravure Inks
    Publication Offset Inks
    Screen Inks
    Sheetfed Inks
    Specialty Inks
    UV and EB Inks

    Epson SureColor F6470, SureColor F6470H Dye-Sub Printers Available

    Roland DGA Announces Major Expansion of TrueVIS Printer Family

    Neos Expands Production Capacity, European Market Presence

    Celanese Launches Nine New Conductive Inks for Consumer Applications

    Crown Wins Multiple Awards for Innovative Designs Across Global Competitions
    Additives
    Energy-Curable Materials
    Flushed Colors and Pigments
    Metallics and Special Effects Pigments
    Resins
    Vehicles and Varnishes
    Waxes

    Full Program for BIG IDEAS for UV+EB Technology 2023 Announced

    The Pigment Market Continues to Grow in 2023

    Eco Friendly PTFE Alternatives For Printing Inks

    Pigments and Sustainability in the Ink Industry

    BASF’s Monomers Division Announces Sustainability Roadmap
    Energy-Curing Equipment
    Mills and Mixers
    Testing, Color and QC

    Full Program for BIG IDEAS for UV+EB Technology 2023 Announced

    The 2023 Ink Equipment Report

    RadTech Announces New President, President-Elect and Board Members

    ROSS Highlights FDA-3500 Dual Shaft Mixer

    X-Rite Announces New Ci7830 and Ci7630 Reflectance Benchtop Spectrophotometers
    Buyers Guide
    Distributor Guide
    European Ink Directory
    U.S. Ink Directory
    International Buyers Guide Companies
    Orion Engineered Carbons

    Munzing

    Hydrite

    ChromaScape LLC

    Shamrock Technologies, Inc.
    Industry Events
    Live from Show Event
    Webinars
    Top Events
    Eastern Coatings Show 2023
    • Magazine
      • Current / Back Issues
      • Features
      • Editorial
      • Columns
      • Digital Edition
      • eNewsletter Archive
      • Editorial Guidelines
      • Subscribe Now
      • Advertise Now
    • Breaking News
    • Directory
      • Buyers Guide
      • Distributor Guide
      • European Ink Directory
      • U.S. Ink Directory
      • Trade Associations
    • Printing Inks
      • Conductive Inks and Printed Electronics
      • Graphic Arts Coatings
      • Inkjet Inks and Toners
      • Marking and Pad Printing Inks
      • News Inks
      • Packaging Flexo Inks
      • Packaging Gravure Inks
      • Publication Gravure Inks
      • Publication Offset Inks
      • Screen Inks
      • Sheetfed Inks
      • Specialty Inks
      • UV and EB Inks
    • Raw Materials
      • Additives
      • Energy-Curable Materials
      • Flushed Colors and Pigments
      • Metallics and Special Effects Pigments
      • Resins
      • Vehicles and Varnishes
      • Waxes
    • Equipment
      • Energy-Curing Equipment
      • Mills and Mixers
      • Testing, Color and QC
    • Top Companies
      • Top North American Companies
      • Top International Companies
    • Glossary
    • Online Exclusives
    • Slideshows
    • Expert's Opinion
    • Videos
    • Podcasts
    • eBook
    • Blog
    • Infographics
    • Whitepapers
    • Jobs
    • Supplier Microsites
      • Companies
      • Literature / Brochures
      • Whitepapers
      • Product Spec Sheets
      • Videos
      • Jobs
    • Events
      • Industry Events
      • Live From Show Events
      • Webinars
    • About Us
      • About Us
      • Contact Us
      • Advertise With Us
      • Privacy Policy
      • Terms of Use
    Top Companies Report

    Toyo Ink SC Holdings Co., Ltd.

    Toyo Ink Group is the fifth-largest international ink company in this year's report.

    Related CONTENT
    • PRINTING United Expo 2023
    • Spectrum Dyes & Pigments Inc.
    • C. Withington Co. Inc.
    • Soldan Chimica
    • Meteor Inkjet Ltd
    07.21.21
    2-1, Kyobashi 2-chome
    Chuo-Ku, Tokyo 104-8377 Japan
    Phone: +81-3-3272-5731
    https://schd.toyoinkgroup.com/en/
    info@toyoinkgroup.com

    Sales: $1.193 billon (¥132.2 billion) in printing and information, and packaging materials. Consolidated results:$2.33 billion (¥257.7 billion).

    Major Products: Offset inks, UV/EB-curable inks, highly reactive UV inks, screen inks, inkjet inks, gravure inks, flexo inks, adhesives, laminating adhesives, hot-melt adhesives, electronics adhesives and materials, industrial adhesive tapes & films, marking films, can coatings, hard coatings, functional coating agents, water-based resins, medical adhesive products, natural extracts, organic pigments, pigment dispersions, functional dispersions, plastic colorants, color filter materials for flat panel displays.

    Key Personnel: Katsumi Kitagawa, chairman and Group CEO; Satoru Takashima, president and Group COO; Hiroya Aoyama, senior managing director and CFO; Masato Yanagi, executive operating officer and president of Toyo Ink Co., Ltd.; Hideki Okaichi, executive operating officer and president of Toyocolor Co., Ltd.; Toshinori Machida, executive operating officer and president of Toyochem Co., Ltd.

    Number of Employees: 8,157 (consolidated).

    Comments: The impacts of the COVID-19 pandemic and the worldwide economic downturn were felt throughout the ink and printing industry, and Toyo Ink was no exception.

    “In fiscal 2020, the global economy experienced a dramatic downturn driven mainly by reduced consumer spending and corporate activity as a result of the protracted COVID-19 pandemic and there is still no telling when the pandemic will be brought under control,” said Hideki Ohba, GM of the International Business Department, Marketing Division at Toyo Ink Co., Ltd.

    Sustainability is a major topic worldwide, and Toyo Ink Group is active in the area, concentrating on the rollout of biomass inks and environmentally-friendly pressure sensitive adhesives.

    In emerging markets such as China, Southeast Asia, India and Turkey, demand for daily necessities is expected to continue growing in the future, and the group expanded production lines for inks and adhesives in its Packaging Materials business.

    However, conditions remained extremely challenging, with slow growth in sales as a result of a global slump in consumption and disruptions to supplies of raw materials and productions activities. As a result, net sales for the fiscal year under review declined to 257,675 million yen, ($2.33 billion) and profit also fell with operating profit of 12,909 million yen ($116 million). Ohba noted that during the first quarter of 2020, the global economy was dealt a severe blow by the COVID-19 coronavirus pandemic.

    There was plenty of important news at Toyo Ink in the past year. In March 2020, Satoru Takashima replaced Katsumi Kitagawa as president of Toyo Ink SC Holdings, the parent of the Toyo Ink Group.

    Kitagawa was named the new chairman of the board, replacing Kunio Sakuma, who has chaired the board since April 2011. Kitagawa is to serve concurrently as chairman and Group CEO, but has relinquished the role of president to Takashima.

    Earlier this year, the Toyo Ink Group announced a cooperative agreement with ITOCHU Corporation, a leading global trading house, to establish a plastic recycling program for the recovery and reuse of multilayer film packaging materials. Specifically, the two companies aim to develop the deinking and layer separation technology needed to create real circularity of multilayer flexible packaging. The plan is to make currently unrecyclable multilayer plastic packaging into a recyclable product by 2022. A pilot plant based on this plastic recovery process is currently being built in Japan.

    A few notable new products with enhanced sustainability performance were released this year by a Toyo Ink Group company. In February 2021, Turkey-based Toyo Printing Inks commercialized the LP-9000 Toyo Life Premium Food LO/LM, a new series of sheetfed offset inks with low odor and low migration characteristics. Engineered and manufactured in accordance with EuPIA guidelines and the GMP, the LP-9000 LO/LM product is suitable for use in printed packages for the food, cosmetic, pharmaceutical, and other sensitive applications. This new low-migration offset series has been specially formulated for printing on the non-food contact surface of paper and cardboard media.

    In May 2021, Belgium-based Toyo Ink Europe released the FLASH DRY (FD) LED S5 series, a new line of deinkable low energy-curable LE-UV and LED-UV inks for the offset printing market. Developed at Toyo Ink Europe’s lab in Belgium, the new FD LED S5 inks are highly reactive and require minimal levels of energy to cure, while offering higher gloss levels and a wider water window. The formulations have been certified for deinkability by INGEDE (International Association of the Deinking Industry) Method 11, with a passing score of 100/100 points.

    Ohba said that Toyo Ink is seeing a return to more normal times. In the first quarter of 2021, net sales were up 7.8% year on year.

    “Despite the recovery in China and signs of recovery in developed countries such as Japan, the US and Europe, the outlook for the global economy remains uncertain due to the re-expansion of the COVID-19 and the re-restriction of economic activities,” he added. “The Toyo Ink Group’s business environment remained challenging, as consumer spending was still in the process of recovering both domestically and overseas. In addition, plant damage at several raw material manufacturers and stagnant logistics challenges caused difficulties in procuring raw materials.

    “We expect a modest recovery in 2021 as society adapts to the new normal on the assumption of a protracted pandemic,” Ohba observed. “However, there is also mounting concern over a potential slowdown as economic activity continues to be restricted to some extent. The Toyo Ink Group also expects to continue facing a harsh business environment with challenges such as the high cost of raw materials.

    “As for our Packaging Materials business, we will develop a supply framework to meet firm demand through the early startup of a new factory in China and the smooth construction of a new factory in Turkey,

    while also seeking to further expand sales in the growing Southeast Asia and India markets by focusing our resources on these markets. In emerging markets such as China, Southeast Asia, India and Turkey, demand for daily necessities is expected to continue grow, so we are expanding production lines for packaging ink and adhesives in these areas.

    “In Printing and Information, we will continue to reduce the cost of raw materials for UV inks and strengthen the rollout of sticky labels and paper containers to the packaging market. At the same time, the Group will strengthen the business through further structural reforms in response to market contraction,” Ohba concluded. 
    Related Searches
    • uv inkjet
    • braden sutphin ink
    • david savastano
    • quad/graphic
    Suggested For You
    PRINTING United Expo 2023 PRINTING United Expo 2023
    Spectrum Dyes & Pigments Inc. Spectrum Dyes & Pigments Inc.
    C. Withington Co. Inc. C. Withington Co. Inc.
    Soldan Chimica Soldan Chimica
    Meteor Inkjet Ltd Meteor Inkjet Ltd
    Asia Pacific Coatings Show 2022 Asia Pacific Coatings Show 2022
    Iran Shoraka Manufacturing Company Iran Shoraka Manufacturing Company
    DCL CORPORATION DCL CORPORATION
    Nazdar 270 Series UV-LED Inks are Now Available Globally Nazdar 270 Series UV-LED Inks are Now Available Globally
    BookBaby Advances Self-Publishing Business with New HP Indigo 100K Digital Press BookBaby Advances Self-Publishing Business with New HP Indigo 100K Digital Press
    Ingevity Announces Price Increase for Pine Chemical-Based Products Ingevity Announces Price Increase for Pine Chemical-Based Products
    Burgess Pigment Announces Price Increase Burgess Pigment Announces Price Increase
    Siegwerk Visited by Minister of Economics Peter Altmaier Siegwerk Visited by Minister of Economics Peter Altmaier
    Paul Nowak Named Sales Manager at Orion Engineered Carbons Paul Nowak Named Sales Manager at Orion Engineered Carbons
    LexJet Introduces In-House Digital Label Printer and Cutter LexJet Introduces In-House Digital Label Printer and Cutter

    Related Industry Events

    • PRINTING United Expo 2023

      ...
      12.27.22

    • Spectrum Dyes & Pigments Inc.

      ...
      Amit Chowdhari, President 09.01.22

    • C. Withington Co. Inc.

      ...
      C. Withington Co. Inc., C. Withington Co. Inc. 07.27.22


    • Soldan Chimica

      ...
      peter soldan, mr. 07.27.22

    • Meteor Inkjet Ltd

      Meteor Inkjet Ltd

      ...
      Tracey Brown, Director of Strategy & Marketing 12.20.21

    Loading, Please Wait..
    Trending
    • Celanese Launches Nine New Conductive Inks For Consumer Applications
    • Neos Expands Production Capacity, European Market Presence
    • HP Indigo Shows HP Indigo V12 Digital Press At Labelexpo Americas 2022
    • Ink World's Top 20 International Ink Companies Show Growth
    • Executive Board Member Stefan Schülling To Leave Epple Druckfarben At End Of February 2023
    Breaking News
    • Executive Board Member Stefan Schülling to Leave Epple Druckfarben at End of February 2023
    • Epson SureColor F6470, SureColor F6470H Dye-Sub Printers Available
    • Dr. Ranjini Murthy to Join Azelis Americas as SVP of Commercial and Digital Excellence
    • Weekly Recap: Sustainability and Pigments, TSCA and Raw Materials Top This Week’s Stories
    • Roland DGA Announces Major Expansion of TrueVIS Printer Family
    View Breaking News >
    CURRENT ISSUE

    January 2023

    • The Pigment Market Continues to Grow in 2023
    • The Inkjet Ink Market in 2023
    • Sustainability and Raw Materials
    • TSCA and the Ink Industry
    • The 2023 Equipment Report
    • Mike Oberski Receives NAPIM’s TAM Service Award
    • Developments and Clarifications in EU Food Contact Regulations
    • Specialty Inks are Nocopi Technologies’ Forte
    • View More >

    Cookies help us to provide you with an excellent service. By using our website, you declare yourself in agreement with our use of cookies.
    You can obtain detailed information about the use of cookies on our website by clicking on "More information”.

    • About Us
    • Privacy Policy
    • Terms And Conditions
    • Contact Us

    follow us

    Subscribe
    Nutraceuticals World

    Latest Breaking News From Nutraceuticals World

    Dr. Ranjini Murthy Joins Azelis Americas as SVP of Commercial and Digital Excellence
    Pomegranate Extract Tied to Gut and Skin Microbiome Benefits
    Berry Health Benefits Symposium Begins Tuesday, January 31
    Coatings World

    Latest Breaking News From Coatings World

    Presentations Sought for ASTM 2023 Workshop on Weathering and Durability Testing
    Barentz to Distribute Arxada Preservatives in the US HI&I Market
    POLYDURE Coatings Help Customers Keep Their Cool
    Medical Product Outsourcing

    Latest Breaking News From Medical Product Outsourcing

    Cirtec Medical Corporation Acquires Precision Components Business from QMD
    Masimo Begins Rollout of VCAM Hand Hygiene System
    Robert R. Ruffolo to Lead Neuraptive Therapeutics Board
    Contract Pharma

    Latest Breaking News From Contract Pharma

    Azelis Americas Appoints Ranjini Murthy Commercial, Digital Excellence SVP
    Zennova Opens Manufacturing and R&D Center in China
    Lilly to Invest $450M at Manufacturing Site in Research Triangle Park
    Beauty Packaging

    Latest Breaking News From Beauty Packaging

    Personal Care Market Forecasted to Grow at CAGR of 6.4% from 2022-2027
    P&G Designs Recyclable Pump Dispenser
    Amyris Inc. Launches 4U by Tia Haircare Line Exclusively at Walmart
    Happi

    Latest Breaking News From Happi

    Henkel Honors Leading Suppliers During American Cleaning Institute Convention Week
    Swiss American CDMO Sliding into a ‘Frictionless Future’ with LiquiGlide Agreement
    Gattefossé Launches New Formulations Collection
    Ink World

    Latest Breaking News From Ink World

    Executive Board Member Stefan Schülling to Leave Epple Druckfarben at End of February 2023
    Epson SureColor F6470, SureColor F6470H Dye-Sub Printers Available
    Dr. Ranjini Murthy to Join Azelis Americas as SVP of Commercial and Digital Excellence
    Label & Narrow Web

    Latest Breaking News From Label & Narrow Web

    AWA to host 23rd Global Release Liner Industry Conference & Exhibition
    Color-Logic certifies Ecofoil digital labestock for cut sheet printers
    Brandywine Label Printing names Dave Rosen new president
    Nonwovens Industry

    Latest Breaking News From Nonwovens Industry

    FiltXPO to be Held in October
    Voith Commissions Quality Control Systems at Johns Manville, Smurfit Kappa and WEPA
    Pampers Releases Limited Edition Easy Ups Training Underwear with Peppa Pig Prints
    Orthopedic Design & Technology

    Latest Breaking News From Orthopedic Design & Technology

    OPUM, Corflex Global Partner on Knee Assessment Technology
    ODT's Most-Read Stories This Week—Jan. 28
    Roche, Sysnav Partner on Movement Tracking Tech for Neuromuscular Disorders
    Printed Electronics Now

    Latest Breaking News From Printed Electronics Now

    Zebra Technologies Selected as One of America’s Greatest Workplaces for Diversity
    Sensormatic Solutions Helps Renner Reduce 87% of Stockouts
    Weekly Recap: Avery Dennison, CES 2023 and Canatu’s LiDAR Deicing Top This Week’s Stories

    Copyright © 2023 Rodman Media. All rights reserved. Use of this constitutes acceptance of our privacy policy The material on this site may not be reproduced, distributed, transmitted, or otherwise used, except with the prior written permission of Rodman Media.

    AD BLOCKER DETECTED

    Our website is made possible by displaying online advertisements to our visitors.
    Please consider supporting us by disabling your ad blocker.


    FREE SUBSCRIPTION Already a subscriber? Login