St. Louis, MO 63106-1939
Tel: +1 314 889 7600;
toll free: +1 800 325 8110
Sales: $1.4 billion overall; $65 million in inkjet inks.
Key Personnel: Paul Manning, chairman, president and CEO; John Hammond, SVP, general counsel and secretary; Stephen Rolfs, SVP and CFO; John Collopy, VP and treasurer; Kimberly Morin, VP, human resources; Jeffrey Makal, VP, controller and chief accounting officer; John Manning, VP and assistant general counsel; Michael Geraghty, Color Group president.
Major Products: Water-based pigmented and dye-based inkjet inks for desktop printers; water-based, pigmented and dye-based and sublimation inkjet inks for wide format, textile and industrial applications.
Operating Facilities: St. Louis, MO; Morges, Switzerland.
Comments: A worldwide leader in inkjet and colorant technology, Sensient Technologies is also a leader in flavors, fragrances and colors for foods and beverages, pharmaceuticals, cosmetics, home and personal care products, specialty printing and imaging products, computer imaging and industrial colors.
In 2016, Sensient’s sales remained strong at $1.4 billion. The company had a strong year in 2015, with sales remaining steady at $1.4 billion. Operating income from continuing operations was $185.6 million compared to $166.3 million in 2015. Cash provided by operating activities was $222.5 million in 2016, compared to $128 million in 2015.
Sensient’s inkjet ink division is a key part of the Color Group. For 2016, the Color Group recorded sales of $502.1 million, an increase of 5% from 2015. Operating income was $104.8 million in 2016, an increase of 8.5% compared to 2015, as well as an operating margin was 20.9%. The company cited good performances from Cosmetics and Food Colors businesses, adding that the Inks business enjoyed solid growth.
“I am very pleased with the company’s performance in 2016,” said Paul Manning, chairman, president and CEO of Sensient Technologies Corporation. “The Color Group had an outstanding year delivering solid profit and revenue growth, led by strong performances from the Cosmetics and Food Colors businesses.”
Sensient Imaging Technologies is strong in the industrial inkjet ink field, notably with its Xennia and ElvaJet ink portfolios in the high production textile market. Dr. Christophe Bulliard, marketing director, Sensient Imaging Technologies SA, noted that the company did particularly well in the digital textile ink segment.
“Sensient did fare quite well in 2016, developing its position as major supplier of inkjet technologies for textile printing (reactive, sublimation, polyamide, pigment) while pursuing the development of solutions for alternative industrial areas,” Dr. Bulliard noted.
The 2016 acquisition of Xennia Ltd. added a wide range of inks to Sensient’s textile range, which is ideal for the growing market.
“Sensient is clearly positioning ourselves as a contributor to new technologies and developer of printing solutions, even more so after the acquisition of Xennia Ltd. in 2015, “ said Dr. Bulliard. “We have knowledge over the full printing process which allows us to focus the development of the inks into solutions that will create value for the customer.”
Sensient Imaging Technologies is always active in R&D, with Sensijet SX the latest offering. Sensijet SX is a novel technology for water-based pigmented inks with possible application in a large number of industries.
“One of the big challenges is to get a clear picture of the value of digital printing vs. traditional printing when deciding upon investment,” Dr. Bulliard observed. “Digital is enabling some business models which are not achievable economically with flexo, gravure or offset. In this sense it shall not be seen as a different way of doing the same, but as an enabler to new business models (more personalization, less inventory, etc.)”