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    Features

    The 2017 Year in Review

    The printing ink industry has had an active year, as consolidations throughout the supply chain impacted ink manufacturers.

    The 2017 Year in Review
    Tom Alden, left, president of Alden & Ott, and Derek McFarland, right, president - Americas, hubergroup USA. (Photo courtesy of hubergroup)
    The 2017 Year in Review
    From left, Jens Adrio, head of corporate development; Veronique Danois, president of Siegwerk France; CEO Herbert Forker; and Matthieu Carni, business development manager; open the new production facility for inkjet inks in Annemasse, France. (Photo courtesy of Siegwerk)
    The 2017 Year in Review
    INX International Ink Co. officials participated in a groundbreaking ceremony at the R&D facility in West Chicago, IL. From left, Takayuki Shirafuji, VP, assistant treasurer; Susan Supergan, SVP, human resources; Bryce Kristo, SVP, CFO; Kotaro Morita, chairman; Rick Clendenning, president and CEO; Rick Westrom, SVP, Strategic Sourcing and R&D; John Hrdlick, SVP and COO; and Matthew Mason, VP, general counsel. (Photo courtesy of INX)
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    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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    November/December 2020

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