India’s leading ink manufacturer

Editor’s Note: The Indian ink industry is one of the fastest growing markets in the world. Ink World examines the state of India’s ink industry and examines the country’s five largest printing ink manufacturers.

• DIC India Ltd.
Manufacturing locations: Noida, Ahmedabad, Sehiya and Bengaluru
Headquarters: Noida
DIC India Managing Director and CEO: Manish Bhatia

The company began its involvement in the ink industry in 1947 under the name Coates of India Private Limited, and later became a subsidiary of Japan’s DIC Corporation through global acquisitions. DIC India is one of India’s leading suppliers of printing inks, laminating adhesives, innovative packaging solutions and other related products to newspapers, magazines, converting agents, national and international printing and packaging businesses. The company is one of India’s select offset printing ink manufacturers with multiple production sites across the country.

With five state-of-the-art production facilities across the country, the company is one of the largest printing, publishing and packaging ink companies in the country. DIC India has manufacturing facilities in West Bengal, Uttar Pradesh, Gujarat (Ahmedabad) and Karnataka and serves a wide range of industries including newspapers, magazines and other printing and packaging businesses.

Manish Bhatia, Managing Director and CEO of DIC India, said: “India is a strategic market for us and our long-term journey in the country is a testament to the success we have achieved over the years. Market demand for technologically advanced and specialty packaging printing inks Growing.

In a recent major expansion, DIC India opened a new toluene-free liquid ink manufacturing facility in Saykhya (Gujarat) in March 2023.

The plant covers an area of ​​more than 90,000 square meters and has an annual output of more than 10,000 tons of toluene-free/ketone-free liquid ink (two shifts). The factory will be further expanded to produce value-added and specialty products for domestic and export markets.

The plant, with a total investment of INR 1.1 billion (USD 13.3 million), is designed to meet the country’s growing demand for toluene-free and ketone-free inks.

The company’s strategic location at the heart of India’s chemical hub gives the company close exposure to the northern and western markets that drive much of the demand in this segment. The facility is designed to accommodate the company’s future expansion needs.

The company’s sales revenue in 2023 will be US$99 million (INR 828.8 billion).

• Toyo Ink India Ltd.
Manufacturing location: Greater Noida, Bharuch
Headquarters: Noida
President: Naotoshi Nakamura

Toyo Ink India Pvt. was established in 2007 in Delhi. A subsidiary of Japan’s Artience Group (formerly Toyo Ink Group), it is a leading single-source provider of integrated packaging and printing solutions.

The company provides a comprehensive portfolio of inks, coatings, color materials and other printing solutions to a broad range of industrial markets. Core products include traditional offset inks, UV curing inks (including LED-UV systems), flexographic inks, gravure inks, solvent-free laminating adhesives, inkjet inks, polyurethane resins, masterbatches, pressure-sensitive adhesives, etc.

In April 2024, Toyo Ink India confirmed plans to expand its solvent-based adhesive production capacity at its Bharuch production base in Gujarat. The plant is expected to begin operations in April 2026 and will help increase the company’s adhesive production capacity to 3.5 times its current output.

In 2014, Toyo Ink India began importing adhesives from Japan and selling them into the local automotive interior market, and over the years has expanded its application to include household appliances and labels.

In December 2021, a production base was established in Baruch, allowing the company to respond more quickly to customer needs and further develop its business. As demand in these markets grew, adhesive production capacity became stretched, leading to the decision to invest further in production to support current and future growth.

Naotoshi Nakamura, Chairman of Toyo Ink India, said: “Toyo Ink India is expected to become the top solvent-based adhesive manufacturer in India, targeting a market share of 30% by 2026. In line with Artience Group’s global strategy, we are working hard to Applications of the mixture expand into healthcare and other areas, while positioning India as an export hub in the Middle East and Africa, which are expected to see economic growth in the future.

• Huber Group India Pvt Ltd
Manufacturing locations: Vapi, Daman and Silvassa
Registered Office of the Company: Vapi, Gujarat
CEO: Suresh Kalra

HIPL is India’s largest printing ink manufacturer and its manufacturing plants at Vapi, Daman and Silvassa also produce most of the ink intermediates, including binders, resins, pigments and flushing agents.

HIPL is the market leader in the Indian printing industry with a market share of approximately 30%. HIPL’s clients include India’s major print media publishers and packaging and fast moving consumer goods (FMCG) companies.

HIPL has an ink unit capacity of 203,000 metric tons per annum (MTPA), a resin and varnish unit capacity of 71,050 MTPA and a pigment and monochromatic pigment unit capacity of 46,500 MTPA.

Huber entered the Indian ink market in 2005 when it acquired Micro Inks, consolidating its position as the market leader in the Indian printing market with a 30% share. At that time, packaging inks were expected to see compensatory growth due to the rise of fast moving consumer goods and e-commerce industries. This offset sales losses in the printing ink segment as consumers shifted to digital sources for newspapers.

• Siegwerk India

Place of production: Bhiwadi

India Headquarters: Gurgaon

President, Asia: Ashish Pradhan

Siegwerk has been operating in India since 2005, when it acquired the business of Swiss conglomerate SICPA Holding SA.

The company has a modern printing ink and coating manufacturing facility (Centre of Excellence and Competence Center) located at Bhiwadi in northern Rajasthan.

The company has a production capacity of 35,000 tons, nine distribution centers across the country, and sales revenue of INR 7 billion (USD 84 million) in fiscal 2022-23. The company’s Bhiwadi production site is its largest outside Europe.

Siegwerk India has been aggressively expanding its business in the flexible packaging segment, which now accounts for about 45% of its revenue, compared with about 10% in the past. It not only caters to the growing demand of the Indian market, with a market share of approximately 10-15%, but also serves the Southeast Asian region.

• Sakata Inx (India) Private Limited
Place of production: Bhiwadi and Panoli
Corporate Office: Gurgaon
Managing Director: Vijay Kumar Seth

Sakata Inx (India) Private Limited (formerly known as Sakata Inx (India) Limited) is a 100% subsidiary of Japan’s Sakata Inx Corporation. Sakata Inx (India) operates two production plants in India since the company started commercial production in 1998 at its first plant in Bhiwadi.

The Bhiwadi plant initially started producing gravure and flexo inks, followed by offset inks in September 2005.

Sakata established its second manufacturing facility in 2009 at Panoli (Gujarat) covering an area of ​​20 acres to manufacture gravure and flexo inks.

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