Milling equipment manufacturers must innovate to stay ahead in these challenging economic times
Kerry Pianoforte, Ink World Associate Editor01.25.12
Milling equipment manufacturers continued to feel the impact of the economic downturn in 2011. As a result, milling equipment manufacturers have been focusing on developing new technologies that will differentiate themselves and give them an edge over their competitors.
“The ink industry has been shrinking in some respects since the late 1990s, with increasing competition from toner-based digital printing and the additional challenge of a lagging economy,” said Shawnacy McManus, lab/customer service technician at Hockmeyer Equipment. “Major ink producers have seen much in the same in recent months. Export rates have increased, and production models have shown slight increases from year to year; however, the trend remains an overall downward slope.
“This trend puts unique challenges on ink manufacturers and creates a market that demands innovation to thrive,” Mr. McManus continued. “Over the course of recent years, Hockmeyer’s customer tes
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