|Title:||Global top 18 ink companies ranked by ink and graphic arts sales in dollars for 2010|
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The Top International Ink Companies (Ink and Graphic Arts Sales)
DIC/Sun Chemical $X.XXB Flint Group $X.XXB Toyo Ink $X.XXB Sakata INX $X.XXB Siegwerk Group $X.XXB Huber Group $XXXM Tokyo Printing Ink $XXXM SICPA $XXXM * T&KToka $XXXM Fujifilm North America $XXXM * ALTANAAG $XXXM * Dainichiseika Color $XXXM * Epple Druckfarben $XXXM Yip's Chemical Holdings $XXXM Wikoff Color $XXXM * Royal Dutch Van Son $XXXM * Sanchez SA de CV $XXXM Zeller+Gmelin $XXXM
* Ink World estimate
The global printing ink industry had a mixed year in 2010. While sales in general showed a recovery, there were some serious concerns on the horizon.
First, the good news: most of the leading ink manufacturers enjoyed a better year in terms of sales during 2010. As has been the case in recent years, companies that focus on packaging, digital and UV inks fared better than those companies that are largely involved in the publication and commercial markets. In addition, ink companies that have strong positions in the Asia-Pacific region were likely to show stronger growth.
Even though sales are up, ink manufacturers are worried about raw material pricing and supply. Volatile raw material costs affect both the bottom line as well as the customers, who don't want to keep hearing about higher prices from their ink suppliers.
The issue of supply is the more pressing concern. It is one thing to go to a customer and say prices are going up. It's another to tell the customer that a key raw material ingredient may be leaving the market or becoming extremely scarce.
In talking with leading ink industry executives, raw materials are very much on their minds. Only time will tell how the raw material market will eventually play out.
X. DIC Corporation (Including Sun Chemical Corporation)
X-XX Nihonbashi X-chome
Chuo-ku, Tokyo Japan XXX-XXXX
Phone: +XX X-XXXX-XXXX
Fax: +XX X-XXXX-XXXX
Sun Chemical: www.sunchemical.com
Sales: DIC: $X.XX billion ([yen]XXX.X billion) in graphic arts, including Sun Chemical, which is approaching $X.X billion in sales. Total sales: $X.XX billion ([yen]XXX billion).
Major Products: Broad product portfolio with capabilities in web heatset and sheetfed offset; publication and packaging gra-vure; news ink and publication cokfeet; flexographic packaging inks; corrugated packaging inks; energy curable inks and coatings; screen inks, toner, inkjet materials, adhesives for packaging, overprint varnishes, specialty coatings, effect inks, security inks and coatings, printing consumables and organic pigments for inks, plastics, paints, coatings and cosmetics.
Key Personnel: Kazuo Sugie, president and CEO and president, Printing Inks & Supplies Business Operations; Kaiji Yamaki, executive vice president and president, Synthetic Resins Business Operations in charge of Purchasing and Logistics Div.; Kazuya Shimoizumi, senior managing executive officer and president, Chemical Solution Materials Business Operations; Yasufumi Miyazaki, managing executive officer and chairman, DIC (China) Co., Ltd. and chairman, DIC (Shanghai) Co., Ltd.;Yoshihisa Kawainura, managing executive officer and president, Neo-Graphic Arts Materials Business; Kanji Oki, managing executive officer and president and CEO, DIC Graphics Corp.; Yutaka Hashimoto, managing executive officer and general manager, Corporate R&D Dept. and Central Research Laboratories.
Number of Employees: Approximately XX,XXX worldwide.
Comments: DIC Group revised its business segments effective April X, 2010, with Printing Inks & Supplies becoming the largest segment, followed by Neo-Graphic Arts Materials, which includes organic pigments. This reorganization is an important part of DICs effort to shift from a product-specific to a market-focused management approach
DIC Group enjoyed X.X% growth overall to [yen]XXX billion in fiscal year 2010, although Printing Inks & Supplies suffered a slight decrease, with sales declining X.X% from [yen]XXX.X billion to [yen]XXX.X billion. Overall profitability of DIC improved XX.X% in 2010, to [yen]XX.X billion, while the profitability of the Printing Inks & Supplies segment rose X.X% to [yen]XX.X billion in 2010.
In terms of regional markets, the domestic market saw X% growth in the Printing Inks & Supplies segment to [yen] XX.X billion, driven by the addition of The Inctec Inc. Although demand for gravure inks in Japan remained level for use on beverage containers and in food packaging, offset and news inks struggled as a result of falling demand for publishing and advertising leaflets and declining print runs and page counts for newspapers. Profitability suffered, dropping XX.X% primarily due to higher raw materials costs.
The Americas and Europe are the largest market for Printing Inks & Supplies. Sales dropped X.X% to [yen] XXX.X billion, and operating income declined X.X% to [yen] X.X billion. Those figures are somewhat misleading, as sales in the Americas and Europe were essentially flat and operating income rose in terms of the local currency, but were down due to the appreciation of the yen.
While sales for inks for advertising leaflets, catalogs and packaging inks in North America and Europe remained firm, sales of publishing and news inks declined as a result of shrinking print runs for newspapers and magazines, among others. Central and South America enjoyed an increase in sales as demand for all products, particularly packaging inks.
Asia and Oceania showed the greatest growth for the Printing Inks & Supplies segment, with sales rising XX.X% to [yen] XX.X billion, and operating income rising XX.X% to [yen] X.X billion. Gravure and offset ink sales were strong in the Peoples Republic of China, while gravure ink sales grew in Southeast Asia. India also was an excellent growth market, with strong sales in news, offset and gravure inks.
X. Flint Group
North American Administrative Offices
XXXXX North Beck Road
Plymouth, MI XXXXX-XXXX
Phone: (XXX) XXX-XXXX
Fax: (XXX) XXX-XXXX
Sales: $X.X billion ([euro] X.X billion) worldwide.
Major Products: Coldset and heatset web offset, sheetfed offset, flexographic, gravure and UV/EB inks; coatings for publication, packaging and commercial applications. A wide range of inks and coatings for narrow web tag and label applications. Photopolymer plates and sleeve systems for flexographic applications; highly engineered printing blankets and sleeves for offset applications, pressroom chemicals and supplies. Dry, flushed and press cake pigments, chips and resins for ink and other applications, aqueous dispersions, hyperdispersants and additives for the colorant market.
Key Personnel: Charles Knott, chairman; Antoine Fady, CEO and interim president, Packaging and Narrow Web Division; Michael J. Bissell, executive VP and CFO; William B. Miller, president, Print Media Europe & North America; Brent Stephen, president, Asia Pacific; Claudio Labbe, president, Latin America; Dr. Thomas Telser, chairman, Packaging Segment; Mario Busshoff, president, Flexographic Products; Craig Foster, president, Flint Group Pigments;Jan Paul van der Velde, senior VP, procurement; Russell Taylor, seniorVP, global HR & communications.
Number of Employees: Approximately X,XXX worldwide.
Comments: The past few years have been challenging for the printing and ink industries. In general, the publication printing segment has been impacted by the global recession as well as the shift to newer technologies, while packaging has held steady. Meanwhile, the ink industry is coping with unprecedented raw material price increases as well as disruptions in supply.
All things considered, Flint Group was able to withstand the recession relatively well.