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.
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.
