Southeast Asian countries has maintained a steady economic growth rate, but with the expansion of the market and the change of food habit, the region's overall consumer market is growing. Especially the market demand for packaging gravure ink in the growing. Therefore, Japan Toyo ink company to vigorously promote the localization of gravure printing ink production at the same time, still continue to develop and launch new products, to meet the needs of customers in Southeast asia. In addition, in order to cope with its own development strategy, Toyo ink company at the end of last year in Vietnam and India established the gravure printing ink factory new, and plans to expand the gravure printing ink business to Indonesia and other Southeast Asian countries. 2012 Toyo ink company also enterprise and Chinese and India joint venture company in order to provide organic pigments pigments, high performance to price ratio for local customers and overseas market. From the packaging ink and offset printing ink needs point of view, China and India are two of the most growth potential of the market. The two countries in the rapidly growing market, consumer life style also is in produce changes in turn the world upside down, they promoted the China and India market rose a strong demand for packaging products. In addition to these two countries, other countries in Asia Pacific also has a full appeal. Siegwerk company established a new mixed color center in Philippines and Vietnam, causing it to be in the Asia Pacific region factory total increased to 26, and close with the distance between our customers in Southeast asia.
Almost all of the large international ink manufacturers have set up branch offices in the Asia Pacific region. More than 20 ink $90000000 in global sales in manufacturing enterprises, there are 6 companies are headquartered in Japan, and these large enterprises are in the Asia Pacific has a certain scale of production base. There are 3 companies headquartered in Chinese, they are ye Xiang Chuan ink, Ink Co., Ltd., Letong chemical Limited by Share Ltd.
A leader in other ink industry also in the Asia Pacific region is very active. For example Flint Group Hesheng Veeco company in Asia Pacific established a branch office Bo ink group will focus on the India market, and in 2005 the acquisition of India famous micro INKS LTD company. Despite the economic situation as before, but with the development of the printing industry in the Asia Pacific region, Japan Bantian ink company still achieved sales growth in 2012. Due to the debt crisis, economies of the Asia Pacific region have not been strong growth, but the printing needs developing countries are growing, especially in packaging and printing and packaging ink market.
In front of the Asia Pacific market full of opportunities, each big ink manufacturers hope can through the expansion of production capacity, increase coverage and the development of new products and other ways to attract more customers. As for China, although the government has issued a series of restrictive policies, local suppliers competition is more intense, but the market for ink products demand is still very strong, and India for ink manufacturers want to development in Africa and the Middle East market, has the same general non strategic position.
In addition to the prospect is optimistic about the outside of the gravure printing ink, UV ink in the Asia Pacific region's growth potential is very big. Many ink manufacturers are said to develop UV ink product cost-effective, so full of hope in the market to win greater market share. In the product development direction, UV ink can save more energy for the printing enterprises Gao Min sensitivity will become the focus of attention. With the increasing attention to the problem of developing countries in environmental protection, especially in China and other countries introduced more stringent environmental regulations, environmental friendly ink market demand will further increase. Sheet fed printing ink, Gao Min without VOC degree UV ink, water-based ink-jet ink and water-based gravure ink to provide a solid protection products for each big company opened the emerging Asia Pacific market.