Ink manufacturers are seeing growth throughout the diverse region, and are adding new operations to further their expansion.
David Savastano, Editor09.17.19
Latin America is a growing economic power. With a population of more than 620 million in 2016 according to World Population Review, the region is diverse; Brazil (200 million people) and Mexico (120 million people) are the most populous nations. It is not a homogenous region; each of the nations has its own set of dynamics.
The economies in Latin and South America are continuing to grow, which is helping the printing and ink industries. Ink World places the region’s ink market at more than $1 billion annually, led by Brazil and Mexico, and leading ink manufacturers are active throughout Latin America.
INX International acquired Creative Industria e Comercio Ltda. a few years ago, and added a new metal deco ink facility in 2018. This has led to growth for INX International in South America.
“We increased more than 70% in sales to South America in 2018,” said Jose Carlos Ribeiro, director of INX do Brasil. “The expectation is to grow at least 30% in 2019
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