2002 was essentially a flat year for pigment companies, but global politics, raw material supply and cost uncertainties, increasing competition and pricing pressures are among the concerns that are facing pigment manufacturers in 2003.
David Savastano, Ink World Editor09.09.05
For pigment manufacturers, 2002 was another challenging year. Sales were, for the most part, flat due to reduced demand for ink. In addition, foreign competition continued to drive prices down. Of further concern, the cost of key raw materials such as naphthalene for pigments is on the rise, leaving pigment companies considering whether to pass along price increases or cut into their margins yet again.
As 2003 continues, the threat of war in the Middle East and the slow economy remain major concerns. Still, key pigment makers are cautiously optimistic that the future offers some promise, as innovative products and services and state-of-the-art manufacturing plants may lead to better times ahead.
Photo courtesy of Ciba Specialty Chemicals
Looking Back at 2002
For the most part, 2002 was flat for pigment sales as demand for print remained slow.
“2002 started slowly because of the continuing advertising slump in the aftermath of 9/11,&rdq
Continue reading this story and get 24/7 access to Covering the Printing Inks, Coatings and Allied Industries - Ink World for FREE
Ink World magazine has tracked the growth of the ink industry and its allied industries through years of changes, technology, evolution, consolidation and market development. No other magazine has been around for as long or covered as much of the global printing ink business. This website is dedicated to providing in-depth industry coverage and late-breaking news.
Already a subscriber? Login