David Savastano, Editor11.15.18
Despite growth in the global economy, the ink industry saw a continuation of many of the same issues it was plagued with in 2018. Raw materials were a major concern, although this year was more about photoinitiators than last year’s problems with titanium dioxide. Consolidations continued, primarily on the customer side, with two multi-billion mergers (Amcor buying Bemis, Quad/Graphics acquiring LSC Communications) announced.
Siegwerk CEO Herbert Forker said that looking at the overall performance, 2018 has been a relatively good year for Siegwerk, even though it was a challenging time for the whole industry.
“Like all others, we’ve been confronted with significant raw material shortages and cost increases during the last 12 months,” he added. “Nevertheless, we’ve successfully continued with our portfolio transformation by focusing our efforts on the expansion of our core business of packaging printing inks. We’ve achieved solid growth in the packaging segment and outperformed the overall market.”
Siegwerk CEO Herbert Forker said that looking at the overall performance, 2018 has been a relatively good year for Siegwerk, even though it was a challenging time for the whole industry.
“Like all others, we’ve been confronted with significant raw material shortages and cost increases during the last 12 months,” he added. “Nevertheless, we’ve successfully continued with our portfolio transformation by focusing our efforts on the expansion of our core business of packaging printing inks. We’ve achieved solid growth in the packaging segment and outperformed the overall market.”
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