Even as they are buffeted by the global recession and higher raw material costs, resin manufacturers continue to develop innovative products for the ink industry.
David Savastano, Ink World Editor05.28.09
For resin manufacturers, the past few years have been extremely challenging. Dramatic raw material price increases were driven by higher crude oil prices, and even when oil prices dropped, feedstock prices remained higher due to demand.
The sharp economic downturn in the latter part of 2008 added greater uncertainty to the market, as customers worked their way through inventory and overall demand declined.
Meanwhile, heightened interest in “green” products drove interest in environmentally friendly products. Meanwhile, ink manufacturers are looking for new ingredients to drive innovation and differentiation.
As a result, resin manufacturers are navigating their way through a series of unique challenges.
“Our industry faced significant challenges in 2008 and 2009,” said Rick Krause, BASF business manager – printing & packaging in North America. “The dramatic raw material cost increases of 2008 significantly eroded profi
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