David Savastano, Editor11.20.17
For the ink industry, the past year saw changes and new challenges. Consolidation continued, primarily within the printing industry although some ink companies were acquired as well. Raw materials, which had stabilized in recent years, became more unsettled due to natural disasters, fires and increasing regulations. Meanwhile, the packaging, UV and digital ink segments continued to grow, while the publication and commercial markets declined again.
For ink companies, the past year saw plenty of challenges.
“We did okay despite the things we faced, including stronger and fierce competitive strategies, rising raw material costs and customer consolidations in every market,” said Rick Clendenning, president and CEO of INX International Ink Co.
Siegwerk CEO Herbert Forker said that looking at overall performance to date, 2017 has been a moderate year for Siegwerk.
“The last 12 months were a challenging time and we’ve been confronted with significant raw ma
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