ink world magzine_vol.19, no.3_2013-05
TRANSCRIPT
-
7/27/2019 Ink World Magzine_Vol.19, No.3_2013-05
1/52
http://www.inkworldmagazine.com/ -
7/27/2019 Ink World Magzine_Vol.19, No.3_2013-05
2/52
mailto:[email protected]://www.shamrocktechnologies.com/ -
7/27/2019 Ink World Magzine_Vol.19, No.3_2013-05
3/52
http://www.heubachcolor.com/ -
7/27/2019 Ink World Magzine_Vol.19, No.3_2013-05
4/524 www.inkworldmagazine.com May/June 2013
table of contents
departments
May/June 2013 Vol. 19, No. 3
Competition for European Pigment MarketContinues to Increase Sean MilmoTougher competition and regulations are causing pigment suppliers torethink their commitment to the European ink industry.
The Packaging Ink Market David SavastanoWhile the costs and availability of many raw materials have stabilizedduring 2012, there remains reasons for concern for prices andsupply during the coming year.
The Resin ReportDavid SavastanoResin manufacturers are looking forward to the upcoming year, and
they are developing new products for the market.
The Inkjet Ink ReportDavid Savastano
The Additives MarketDavid Savastano
NAPIM Convention Discusses Innovating toMeet the Needs of Customers David Savastano
Bill Miller 34 Doug Anderson - 36 Holly Anderson - 37
Pat Carlisle - 37 Pam Carney 38 Marc Castillo - 38
Janet Ciravolo - 39 Tom DeBartolo - 39 Dan DeLegge - 40
Ron Gallas 40 Lee Godina- 41 John Hrdlick - 41
Michael Podd - 42 Dale Pritchett - 42
William Neuberg Honored as MNYPIAs 2013Man of the Year David Savastano
cynora GmbH Poised to Make Inroads in OLED,OPV Markets David Savastano
fea
tures
Editorial
Fresh Ink
Market Watch
Calendar
Personnel
Industry News
Suppliers Corner
Classied
Ad Index
INK inc.
6
8
12
44
45
46
46
48
49
50
Cover: Laura Ragusa
14
18
24
27
30
43
50
24
18
27
http://www.inkworldmagazine.com/http://www.inkworldmagazine.com/http://www.inkworldmagazine.com/http://www.inkworldmagazine.com/http://www.inkworldmagazine.com/http://www.inkworldmagazine.com/http://www.inkworldmagazine.com/ -
7/27/2019 Ink World Magzine_Vol.19, No.3_2013-05
5/52
Introducing the Airase Structured Siloxane Defoamer Line.
The Airase Structured Siloxane Defoamer Line (SSDL) system from Air Products
is designed to provide a faster, easier way to choose a defoamer for water-based
coatings. Its the rst line of defoamers that structures the selection process,
providing a range of defoamers that can allow you to hone in on the mosteective defoamer/compatibility balance with minimal trial and error. For
free samples, call 1-800-345-3148. Or visit our website. And see for yourself
how less guesswork makes pinpointing the right defoamer less work.
tell me moreairproducts.com/airase
Solve foaming problems
with pinpoint accuracy.
2013 Air Products and Chemicals, Inc.
http://airproducts.com/airasehttp://airproducts.com/airase -
7/27/2019 Ink World Magzine_Vol.19, No.3_2013-05
6/52
editors desk
6 www.inkworldmagazine.com May/June 2013
EDITORDavid Savastano, [email protected]
VP/EDITORIAL DIRECTORTom Branna, [email protected]
ASSOCIATE EDITORBridget Klebaur, [email protected]
EUROPEAN EDITOR
Sean Milmo
ART DEPARTMENTMichael Del Purgatorio, [email protected]
EDITORIAL ADVISORY BOARDJoe Cichon - INX International
John Copeland - Toyo Ink AmericaLisa Fine - Joules Angstom U.V. Printing Inks
Norm Harbin - Flint GroupUrban S. Hirsch III - Ink Systems, Inc.
Penny Holland - Sun ChemicalJames La Rocca - Superior Printing Ink
Geo Peters - Wiko Color
RODMAN PUBLISHINGPRESIDENT
Rodman J. Zilenziger Jr., [email protected]
EXECUTIVE VICE PRESIDENTMatthew J. Montgomery, [email protected]
GROUP PUBLISHERDale Pritchett, [email protected]
ADVERTISING SALES (U.S.)Kim Clement Raerty, [email protected]
CLASSIFIED SALESPatty Ivanov, [email protected]
Phone: (631) 642-2048; Fax: (631) 473-5694
ADVERTISING SALES (HONG KONG, TAIWAN AND CHINA)Michael R. Hay, Ringier Trade Publishing Ltd.,
401-405 4/F New Victory House, 93-103 Wing Lok StreetSheung Wan, Hong Kong Phone:
(852) 2369 8788 Fax: (852) 2869 5919E-mail: [email protected]
EUROPEAN SALESBaudry Boisseau; Baudry Boisseau Associates, Rue J. Lebeau, 27,
B-1000, Brussels, BelgiumPhone: 32-2-513-06-47 Fax: 32-2-514-17-38
E-mail: [email protected]
PRODUCTION DIRECTORSharon Messner, [email protected]
PRODUCTION MANAGERPat Hilla, [email protected]
CIRCULATION MANAGERJoe DiMaulo, [email protected]
ONLINE DIRECTORPaul Simansky, [email protected]
INK WORLD
A Rodman Publication70 Hilltop Road Ramsey, NJ 07446 USATel: (201) 825-2552 Fax: (201) 825-0553
www.inkworldmagazine.com
Ink World (ISSN 1093-328X) is published bi-monthly by Rodman Media Corp., 70 Hilltop Road,Ramsey, NJ 07446-0555 USA. Phone (201) 825-2552. Fax (201) 825-0553. Periodical postage paid atRamsey, NJ 07446 USA and additional mailing ofces. Publications Mail Agreement No: 40028970.Return Undeliverable Canadian Addresses to Circulation Dept., P.O. Box 1051, Fort Erie, ON L2A6C7; [email protected]. POSTMASTER: Send address changes to Ink World, 70 Hilltop Road,Ramsey, NJ 07446-0555 USA. Subscription Rates or non-qualifed readers: U.S.one year, $75;two years, $105; Outside U.S. and overseasone year, $95 (U.S.); two years, $145 (U.S.); Foreign AirMail, $195 a year; single issues $12. Missing issues: Claims or missing issues must be made withinthree months o the date o the issue. Printed in the USA.
Send address changes to:[email protected]
Phone: 201 825 2552 x356 Fax: 201 825 6582
Authorization to photocopy items in Ink World or internal or personal use, or the internalor personal use o specifc clients is granted by Rodman Publishing, provided base ee oUS $1 per page is paid directly to: Copyright Clearance Center, 27 Congress St., Salem, MA01970 USA.
Packaging, Inkjet InkMarkets Continue
To Show Growth
There has been some good news or the ink industry during
the past year. Many ink manuacturers have reported that
their sales improved, although margins remain tight. For
the most part, raw material cost and supply have stabilized, albeit
at a higher level than beore.
During its 2013 annual convention, the National Association
o Printing Ink Manuacturers (NAPIM) released its State o the
Industry Report or the past year. While the survey shows that
printing ink sales increased by 0.9% rom 2011, volume declined
3.5%, mostly on the publication/commercial side. NAPIM reportsthat the ink industrys EBIT was 1.2%, which is a minor return;
raw material prices play a major role in that fgure.
The strongest sales growth is coming rom the packaging and
inkjet segments. In The Packaging Ink Market, starting on page 18,
ink industry leaders discuss the trends they are seeing in the pack-
aging feld. In The Inkjet Ink Report, which begins on page 27,
leading inkjet ink companies oer their thoughts on the growth
areas o the uture.
Makers o resins and additives confrmed that sales improved in
2012, and added that ink manuacturers are looking or improved
products. In The Resin Report, starting on page 24,and The Additives
Market, beginning on page 30,industry executives oer their insightsin their respective markets.
On a personal note, I am honored to welcome Penny Holland,
vice president, NAI marketing at Sun Chemical, to Ink Worlds
Editorial Advisory Board.
At Sun Chemical, Ms. Holland is responsible or setting and co-
ordinating a marketing strategy throughout the organization. She
has more than 20 years experience in the printing industry; prior
to joining Sun Chemical, she was Oc North Americas director,
business development, where she and her team were responsible
or managing the wide ormat product portolio. Beore Oc, Ms.
Holland held various fnancial positions at Xerox Corporation. Shereceived her undergraduate degree in fnance and her MBA rom
the Kellogg School o Management at Northwestern University.
I rely heavily on Ink Worlds Editorial Advisory Board or guid-
ance and advice, and with Ms. Hollands expertise, we will con-
tinue to provide our readers with the comprehensive inormation
they need during these changing times.
David Savastano
Ink World Editor
http://www.inkworldmagazine.com/http://www.inkworldmagazine.com/http://www.inkworldmagazine.com/http://www.inkworldmagazine.com/http://www.inkworldmagazine.com/http://www.inkworldmagazine.com/mailto:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]://www.inkworldmagazine.com/mailto:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected] -
7/27/2019 Ink World Magzine_Vol.19, No.3_2013-05
7/52
In or out of water
Micro Powders waxes
make a critical difference.
Whether your products are waterborne or conventional, whether
you are looking for abrasion resistance, slip or other essential
qualities Micro Powders gives your formulas the properties you
want with total reliability, flexibility and creativity. For consistent
results, personal service and innovative ideas, nothing outperforms
Micro Powders specialty wax additives.
ISO Certified 9001
MICRO POWDERS, INC.
Visit our new website
www.micropowders.com
580 White Plains Road,Tarrytown, NY 10591 Telephone: 914.793.4058 Fax: 914.472.7098 Email: [email protected]
Ideal for waterborne products and all your formulations!
http://www.micropowders.com/mailto:[email protected]:[email protected]://www.micropowders.com/ -
7/27/2019 Ink World Magzine_Vol.19, No.3_2013-05
8/528 www.inkworldmagazine.com May/June 2013
fresh INK
Richard Bowles Appointed President
of Nazdar Ink TechnologiesNazdar announced the appointment o
Richard Bowles as president o Nazdar Ink
Technologies. In this role, Mr. Bowles will
develop strategic sales, marketing, manu-
acturing, R&D, customer care, quality and
continuous improvement plans to enable
Nazdar Ink Technologies to achieve objec-
tives or growth and proftability.
One o our top priorities is developing
Nazdars leadership team, said Mike Fox,Nazdar CEO. Richard plays a critical role
in leading Nazdar Ink Technologies into
the uture. Todays appointment is the re-
sult o his ability to think strategically on a
global scale, the respect he has earned rom
his peers, customers and partners, and his
signifcant contributions to our company.
Mr. Bowles joined Nazdar in 2002 as
vice president o marketing, and since 2005
has served as vice president and general
manager o Nazdar Ink Technologies.
Fernando Tavara NamedPresident of Sun ChemicalLatin AmericaFernando Tavara has been named president
o Sun Chemical Latin America. In this role,
Mr. Tavara will be responsible or all o Sun
Chemicals Central and South American
and Caribbean ink business.
Mr. Tavara brings 30 years o experi-
ence and knowledge to the position. Most
recently, he worked as the vice president
o sales at Sun Chemical Latin America,
where he managed all sales and operations
rom Mexico throughout Northern Latin
America, including the Andean Region, theCaribbean and Central America.
Fernando has a clear understanding o
the issues and challenges currently impact-
ing Sun Chemicals customers across Latin
America, said Rudi Lenz, president and
CEO, Sun Chemical. He is a tremendous
leader and will be able to make a positive
impact in the industry in Latin America. I
am confdent he will urther strengthen
our business and the partnerships with our
customers.
Prior to joining Sun Chemical in2004, Mr. Tavara worked or Cia. Impresora
Peruana S.A., one o the largest newspaper
chains in Peru, with printing acilities in
our locations, where he held several posi-
tions, rom production manager in 1983 to
general manager in 1989. He also worked
or 14 years in a leadership role at a com-
petitive ink company in Latin America.
Mr. Tavara replaces Gregory Lawson,
who will retire at the end o 2013 ater more
than 10 years at Sun Chemical. Mr. Lawson
has held a number o key positions at Sun
Chemical, including president o North
American Inks, head o purchasing, and
most recently, president o Sun ChemicalLatin America. Mr. Lawson will remain on
hand to help Mr. Tavara transition into his
new role.
Greg has accomplished a great deal or
Sun Chemical and his contributions over
the years have been unparalleled, Mr. Lenz
said. He will be missed when he retires, and
we wish him well in the years ahead.
Rick Westrom AddsNew Responsibilities
At INX InternationalRick Westrom, INX International InkCo.s senior vice president o strategic
sourcing, has been promoted and will take
on additional duties as senior vice president
R&D director.
Toyo Ink Acquires Arets International
By David Savastano
There has been much talk in recent years about
consolidation within the ink industry. Most o the discussion has
been centered on the largest international ink manuacturers,but the only sizable acquisitions have been o medium-sized
packaging ink manuacturers.
The April 25, 2013 announcement that Toyo Ink SC Holdings
Co. acquired Arets International NV, the holding company o
the Arets Group, a Niel, Belgian-based UV ink specialist, fts
this trend well. The UV ink market has been one o the stronger
perormers in recent years, and Toyo Ink has long looked to
expand its operations in Europe. This purchase allows Toyo Ink
to achieve both goals.
Toyo Ink Group paid 9 million (1.17 billion yen, or $11.8
million) to obtain all the outstanding shares in Arets International
NV, the holding company o the Arets Group. Arets, which was
owned by its shareholders Next Invest NV and Fortis Private
Equity Venture Belgium NV, had sales o 48,680,000 ($63.6
million) in 2012, although, ater taxes, the company recorded a
loss o 2,423,000 ($3,167,000).
With the acquisition o Arets, Toyo Ink expects to increase
its UV ink sales rom the current 15 billion ($150 million) to30 billion ($300 million) within three years.
According to a statement announcing the acquisition, Toyo
Ink Group is ocusing on globalization as its primary growth
initiative. To do this, Toyo Ink Group is developing its supply
chain by expanding sales and creating manuacturing bases
in Asia and emerging economies, its growth area. The recent
JV between Toyo Ink and Heubach to set up an organic pigment
plant at Ankleshwar, Gujarat, India would be an example o this.
Toyo Ink is also introducing ways o using existing products
and creating demand rom replacement with eco-riendly
products in Japan and Western countries, its mature areas.
UV-cured inks is well positioned or signifcant uture growth.
http://www.inkworldmagazine.com/http://www.inkworldmagazine.com/http://www.inkworldmagazine.com/http://www.inkworldmagazine.com/http://www.inkworldmagazine.com/http://www.inkworldmagazine.com/http://www.inkworldmagazine.com/ -
7/27/2019 Ink World Magzine_Vol.19, No.3_2013-05
9/52
who needs an innovative formulation for
energy curable dispersions for inkjet?
SpectraRAY UV IJ Dispersions
you do.
Delivering what you need as an UV ink developer
Fine particle size distribution
Stable to viscosity and filterability
Low coarse particle count
High chroma
High light fastness & chemical resistance
working for you.
Call us today! 1-800-543-2323
-
7/27/2019 Ink World Magzine_Vol.19, No.3_2013-05
10/5210 www.inkworldmagazine.com May/June 2013
resh INK
In his new position, Mr. Westrom takes
over the R&D acilities in West Chicago, IL.
He began working or INX International
in January 1988, and has served in manycapacities while earning several promo-
tions throughout the years. Mr. Westrom
also has earned recognition rom his peers
in the industry. In 2011, he was honored by
the Chicago Printing Ink Production Club
as its Ink Person o the Year.
Rick has done a antastic job or INX
International throughout his career, said
Rick Clendenning, president and CEO.
These two roles are very important, and
by having Rick handle the responsibilities
o these positions, it creates a great dealo synergy in two important areas within
our company. He is looking orward to his
new position and working with the best
R&D sta in the industry.
EFI Mourns Passing oCompany Founder Ef AraziEFI mourns the passing o its ounder and
rst CEO, Eraim E Arazi, who died
on his 76th birthday, April 14. Mr. Arazi
created his namesake company in 1988
ater a pioneering, 20-year career as theounder, president and CEO o the rst
Israeli high-tech rm, Scitex Corporation.
Mr. Arazi served as chairman, presi-
dent and CEO o Electronics or Imaging
(EFI) rom 1988 until 1994, guiding the
business rom modest beginnings, with 18employees in North Beach, San Francisco.
Under his leadership and technical guid-
ance, EFI launched Fiery, the printing
industrys rst color server, in 1991. The
product was an immediate success, lead-
ing to signicant OEM partner contracts
with the worlds leading color printer
manuacturers. Mr. Arazi completed an
initial public oering or EFI in 1992. In
1994, Fortune magazine named EFI the
nations astest-growing public company.
We are all deeply saddened by thepassing o our ounder and one o the
most infuential leaders in the history o
our industry, and we send our sympathies
and condolences to Es amily, said Guy
Gecht, the current CEO o EFI. Though
no longer with us, Es spirit o entrepre-
neurship, brilliant creativity and love o
innovation will always remain at EFI.
Mr. Arazi is widely considered to be
the ather o Israels high-tech industry
or his role with Scitex. In the late 1960s,
Mr. Arazi also worked with NASA whilestudying at MIT, developing the camera
used to broadcast the Apollo 11 moon
How can Iovercome printdefects whenformulating a
low-VOC, water-based inkfor nonporous substrates?
Ask the Expert
JeanineSnyderSenior
Development
Chemist
QApplying waterborneinks on dicult-to-coatsuraces such as plas-tics, lms and non-porous substrates
presents signicant challengesto ink ormulators. To maximizewetting and minimize craters, sh-eyes, orange peel and pinholes,the proper suractant is neededto promote substrate wettingand minimize oam generation.Dynol 810 suractant, developedwith a superior balance o prop-erties compared to traditionalsilicone and fuorosuractants, o-ers exceptional perormance ininks and a wide variety o otherwater-based coating applications.Based on Gemini technology, ithas the ability to reduce equilib-rium and dynamic surace tensionto levels not achieved with othersuractants. Dynol 810 suractant,specically designed or water-borne printing inks and overprintvarnishes, is an excellent alterna-tive or dicult-to-wet substratesrequiring good fow and levelingunder diverse application condi-
tions. It oers superior wettingand printability while maintainingexcellent oam control over tradi-tional organic, silicone and fuoro-based suractants when used toprint on lm substrates such as ori-ented polypropylene or high-slippolyethylene.
A
tell me more
www.airproducts.com/surfactants
Air Products and Chemicals, Inc., 2012 (34785) N16
Great Western InkAcquires Reno Ink
Great Western Ink announced the
successul acquisition o Reno Ink o
Reno, NV.
Eective immediately, Ken Oliver
will guide the Reno team during the
transition. Great Western Ink willacquire Reno Inks business.
We are excited to have Reno Ink
join our growing amily, said Keith
Voigt, president o Great Western Ink,
We think combining GWIs product
breadth and technical depth with Reno
Inks outstanding service reputation is
a winning combination or Reno Ink,
GWI, and most importantly the Reno
customers. As always, GWIs goal
is to humbly become the preerred
supplier to the independent printing
communities we serve and Reno Ink
will help us ulfll our mission in the
greater Reno area.
Great Western Ink has been a
great partner to us and it seemed a
logical next step or us. This change
will help strengthen Reno Inks span
o products, technical support and
overall service to our customers,said Ken Oliver, president o Reno
Ink. I have always respected their
products, their service, and their
conduct in the market. I look orward
to helping my current customers
take ull advantage o all GWI has to
oer. Keith has put together a strong
team that is dedicated to helping the
local community o printers. That is
what Reno Ink was all about. So this
is a natural ft.
http://www.inkworldmagazine.com/http://www.inkworldmagazine.com/http://www.inkworldmagazine.com/http://www.inkworldmagazine.com/http://www.inkworldmagazine.com/http://www.inkworldmagazine.com/http://www.airproducts.com/surfactantshttp://www.airproducts.com/surfactantshttp://www.airproducts.com/surfactantshttp://www.inkworldmagazine.com/http://www.airproducts.com/surfactants -
7/27/2019 Ink World Magzine_Vol.19, No.3_2013-05
11/52May/June 2013 www.inkworldmagazine.com 11
fresh INK
landing in 1969.
Ink, Narrow Web Industries
Mourn Louis WernekeLouis O. Werneke, Inky Lou, died onMarch 31 2013. Mr. Werneke was born
June 23, 1926 and was married to the late
June Louise Werneke. He is survived by
his two children, Matthew Werneke and
Lisa Werneke Nelson; he lived to see and
enjoy eight grandchildren. Mr. Werneke
was preceded in death by his wie, June,
in 2008, and his brother, Skip, in 2003.
Mr. Werneke was a successul busi-
nessman and the ounder o Werneke
Ink Company. He played a pivotal rolein shaping the narrow web tag and label
market, helping to build the industry as
it is today.
In 1973, Mr. Werneke began the de-
sign o the very rst water-based ink or
exographic printing. He then made the
decision to dedicate time and energy to
develop a water-based system or label
printing. Mr. Werneke built a success-
ul global business, which remains a key
acet o Flint Group today.
Siegwerk Invests in Futureof Siegwerk CanadaSiegwerk Canada announces the open-
ing o its new acility in the Greater
Toronto Area (GTA).
We are expanding our sales, technical
service and distribution ootprint in the
GTA to support growth, Dave Hiserodt
BU head, Flex Pack CUSA, said.
The new acility will allow Siegwerk
sales and service staf to provide a more
expedient service response or its exist-ing and potential customer base in the
GTA. There will be the addition o lo-
cal blending capabilities and enhanced
warehouse space to allow or growth
and investment in the region. The sales
and distribution center currently located
in Laval, Quebec will remain to serve
Quebec-based customers.
Sensient TechnologiesAnnounces Private
Placement Debt TransactionSensient Technologies Corporation
announced that it has entered into an
agreement with investors or the issu-
ance o $75 million and 38 million
in 10 year, ixed-rate, senior notes.The debt will mature in November
2023. Proceeds rom the oering will
be used to repay maturing notes and
bank debt.
This transaction allows the com-
pany to continue to strengthen its
capital structure, and do so at very
attractive rates, said Kenneth P.Manning, chairman and CEO o
Sensient Technologies. We think
this is a good time to issue long-term
debt.n
http://www.inkworldmagazine.com/http://www.inkworldmagazine.com/http://www.inkworldmagazine.com/http://www.inkworldmagazine.com/http://www.inkworldmagazine.com/http://www.inkworldmagazine.com/http://getscanlife.com/http://www.sartomer.com/siteregistration.asphttp://www.sartomer.com/http://www.inkworldmagazine.com/ -
7/27/2019 Ink World Magzine_Vol.19, No.3_2013-05
12/52
market watch
12 www.inkworldmagazine.com May/June 2013
Toyo Ink, EFI, Sensient and ALTANA Report Results
Toyo Ink SC Holdings Co., Ltd.
announced the third quarter nancial
results or the scal year ending March
31, 2013.
Net sales or the rst three quarters o
scal 2012 (rom April 1, 2012 to Dec. 31,
2012) were 187,189 million ($1.89 bil-
lion), a 0.9% over 2011s rst three quar-
ters. Operating income increased 25.9%
to 13,773 million ($139 million), whilenet income was 6,102 million ($61.7
million), an increase o 4.6% compared
to the rst three quarters o 2011.
Sales in the Printing and Inormation
Business decreased to 56,150 mil-
lion($568 million), down 2.1% year on
year, but operating income increased
to 2,440 million ($24.7 million), up
144.3% year on year, as a result o cost-
cutting measures and higher sales o ad-
vanced products. Demand or oset ink
in Japan remained stagnant, refecting thedelayed recovery o the economy as well
as a structural recession resulting rom
the progress o digitization. However,
compared with the same period in the
previous scal year, when business was
aected by voluntary advertising re-
straints due to the earthquake, demand
or commercial and newspaper printing
recovered.
Sales o advanced products increased,
including products with high UV sen-
sitivity and inks or rotary oset print-ing, grew. Meanwhile, a slowdown o
the economies in China and Southeast
Asia resulted in sluggish sales growth, and
earnings were hurt mainly by the escalat-
ing price competition and higher labor
costs.
Toyo Ink noted that sales in the over-
all Packaging Business were 42,607
million ($430.7 million), up 1.5% year
on year. Operating income was 1,876
million ($19 million), up 40.4% year on
year. Mainstay gravure inks or packag-ing remained sluggish, although they
recovered slightly in the second hal.
Sales o eco-riendly inks or packaging
increased in China and Southeast Asia
and demand or gravure inks or con-
struction materials remained strong in
North America.
Electronics For Imaging, Inc.
(EFI) announced its results or the rst
quarter o 2013.For the quarter ended March 31,
2013, the company reported rst quar-
ter record revenue o $171.4 million,
up 7% compared to rst quarter 2012
revenue o $160.1 million. First quarter
2013 non-GAAP net income was $15.8
million or $0.33 per diluted share, which
included an unavorable non-operational
currency impact o $0.04 per diluted
share, compared to non-GAAP net in-
come o $14.2 million or the same pe-
riod in 2012. GAAP net income was$8.4 million or $0.17 per diluted share,
compared to $6.2 million or the same
period in 2012.
The EFI team delivered a great rst
quarter with revenue growth above our
expectations, a solid increase in prot-
ability, and very strong cash generation,
said Guy Gecht, CEO o EFI.
Sensient Technologies Corporation
reported diluted earnings per share o 43
cents or the three months ended March31, 2013, which includes restructuring
costs o 19 cents per share. As adjusted,
to remove the impact o the restructur-
ing costs, diluted earnings per share were
62 cents, an increase o 6.9% over the 58
cents reported in the rst three months
o 2012, and a record or the rst quarter.
Consolidated revenue o $366 million
in the rst quarter was unchanged rom
the prior year. Operating income was
$36.3 million. The companys operating
margin, as reported, was 9.9%.I am very pleased with the companys
perormance in the rst quarter, said
Kenneth Manning, chairman and CEO
o Sensient Technologies. We will re-
main ocused on improving protability,
and our restructuring program will en-
hance this eort. I am very optimistic
about the companys uture.
The Color Group reported revenue
o $127.9 million in the rst quarter o
2013, compared to $132.3 million in thecomparable period last year. The Groups
operating margin or the rst quarter
increased to 20.3%, rom 19.5% in last
years rst quarter. Strong perormances
in industrial inks and the ood and bev-
erage businesses in Latin America and
Brazil contributed to the operating mar-
gin improvement.
ALTANA announced that it increased
its sales and earnings again in 2012.
ALTANA increased sales by 5% to1.7 billion in the business year 2012.
Earnings beore interest, taxes, depre-
ciation and amortization (EBITDA) also
grew by 5%, reaching 323 million. At
19%, the EBITDA margin remained at
a high level.
In 2012, we proved once again that
we are able to achieve protable growth,
even in a rapidly changing environment,
said Dr. Matthias Wolgruber, CEO o
ALTANA AG. This was possible be-
cause we have implemented our growthstrategy consistently and acted fexibly.
The BYK Additives & Instruments
division increased sales 6% to 618 mil-
lion in 2012. At 341 million, sales in the
ECKART Eect Pigments division was
2% down on the previous year.
The highest sales increase in 2012 was
achieved by the ACTEGA Coatings &
Sealants division. At 334 million, sales
were up 12% on the previous year. This
development was driven by the acquisi-
tion o the Colorchemie Group in mid-2011.n
http://www.inkworldmagazine.com/http://www.inkworldmagazine.com/http://www.inkworldmagazine.com/http://www.inkworldmagazine.com/http://www.inkworldmagazine.com/http://www.inkworldmagazine.com/ -
7/27/2019 Ink World Magzine_Vol.19, No.3_2013-05
13/52
Test print your ink and paper on a Little Joe Proof Press.
Check offset ink for printability, color, gloss, light fastness and fade, rub and scratch resistance, etc.
Print on any substrate: paper, board, plastic, or metal.
Essential for the offset ink, pigment, printing, and paper industries or any industry that must test
their product with a printed sheet.
Quick and simple to use.
Use Grind Gages more consistently.
The ADM Automatic Draw Down Machine from Little Joe Industries
provides the most consistent use of grind gages available.
Allows less operator training while providing more consistent results.
Smooth motorized scraper movement.
Consistent scraper angle.
Accurate scraper force.
Fast and easy to use.
ADM - 1
Automatic Draw Down Machine
OFFSET PROOFING PRESS
Little Joe Industries
10 Ilene Court, Suite 4
Hillsborough, NJ 08844
Tel: (908)359-5213
Fax: (908)359-5724
http://www.littlejoe.com/mailto:[email protected]:[email protected]://www.littlejoe.com/ -
7/27/2019 Ink World Magzine_Vol.19, No.3_2013-05
14/5214 www.inkworldmagazine.com May/June 2013
european report
BYSEAN MILMOEUROPEAN EDITOR
Competition for European Pigment
Market Continues to Increase
I
t is a dicult time or many manuacturers and distributors
o pigments to printing ink producers in Europe, not only
because o poor demand due to an economic slowdown inthe region but also increasing regulatory pressures.
At the same time, ink producers want higher and more con-
sistent standards in pigments because they themselves are hav-
ing to meet tougher requirements rom their customers or
improved quality controls.
Some pigment suppliers in Europe most o them based
in China and India or with production capacity in the two
countries are now acing the dilemma o whether to adapt to
harsher trading and regulatory conditions in Europe or to pull
out o the market altogether.
As a result, there is likely to be restructuring and more con-
solidation within the European printing inks pigments sector mainly in its commodity section.
The diculties among suppliers were evident at the recent
European Coatings Show (ECS) at Nuremberg, Germany, at
which printing ink pigment producers and distributors were
participants.
What was noticeable, however, was that a relatively large
number o Chinese and Indian producers are determined to
stay in the Europes printing ink pigments sector despite the
regions current economic troubles. Ironically, at a time o static
growth in demand, this has made the market or commodity-
type products even more stressul.
Sales are going down, yet the competition is getting evenmore intense, said one distr ibutor o Chinese printing ink pig-
ments at the exhibition. Only a ew years ago, it used to be
a comparatively easy market at least at the commodity end.
Now it has gotten much harder. A sizeable proportion o Asian
exporters want to stick it out. But they realize low prices are
not sucient and are trying to improve reliability and back up
services.
However, there also seems to be a number o Asian suppliers,
particularly those based in China, whose resolve is weakening
under the strain. They are looking to the option o concentrat-
ing on their ast growing domestic sector and to the rapidly
expanding regional markets in Southeast Asia and the Far East.You get the sense that changes in the structure o the
European market are imminent, said Samarjit Sathe, head o
marketing o Heubach Colour Pvt. Ltd., Baroda, India, a sub-
sidiary o Heubach GmbH. In the next ve years, a number osmaller Asian players in commodity pigments will pull out o
the region or merge with bigger producers.
Reacting to Market ChangesRestructuring moves are already being made by European
players. BASF announced in April that it is reorganizing its pig-
ments and resins business unit, which produces printing ink
pigments, mainly high perormance grades.
The company is scaling down some o its printing ink pig-
ment activities in Europe, particularly those based in Basel,
Switzerland, so that management o pigment product quality
and saety in Europe can be concentrated in BASFs headquar-ters at Ludwigshaen, Germany.
European producers are making their operations leaner in
response to a static domestic market. Demand in Europe has
been showing little or no growth or the last ew years, and is
unlikely to pick up signicantly in the near uture.
The printing ink pigments market in Europe was pretty
fat last year, and looks likely to continue to be fat through to
at least next year, said Philippe Verhelle, product and marketing
manager at Cappelle. There has been some small temporary
increases in demand over the last ew months when customers
can no longer rely on their own stocks and have to buy again.
There have also been some segments where there has beenunderlying growth, like inks or digital pr inting and packaging,
especially ood packaging.
These are segments where customers require high peror-
mance, oten innovative, pigments, which have been manuac-
tured in conditions o rigorous quality control. But even these
have been subject to fuctuations in demand.
Clariant reported that its pigment sales plummeted last year
to levels below those o 2008-09. There was even a decrease
in its sales o its pigments or digital inks, which the company
has pinpointed as a niche with a potential or growth due to
high technological barriers. Sales had been depressed by weak
demand and stock reductions among key customers, it said.Nonetheless, even in a year o relatively rail demand,
http://www.inkworldmagazine.com/http://www.inkworldmagazine.com/http://www.inkworldmagazine.com/http://www.inkworldmagazine.com/http://www.inkworldmagazine.com/http://www.inkworldmagazine.com/http://www.inkworldmagazine.com/ -
7/27/2019 Ink World Magzine_Vol.19, No.3_2013-05
15/52
http://www.printedelectronicsnow.com/ -
7/27/2019 Ink World Magzine_Vol.19, No.3_2013-05
16/5216 www.inkworldmagazine.com May/June 2013
european report
Clariants pigments operation was one o the companys most
protable businesses, with a sales margin o close to 17% last
year against 22% in 2011, based on earnings beore interest,
taxes, depreciation and amortization (EBITDA).BASF, another leading player in the upper end o the print-
ing ink pigments segment, has been continuing to ocus its
R&D on high perormance ink pigments, despite slimming
down some o its printing ink pigments operations,
The development o printing ink pigments will remain
interesting or us, said Stephan Suetterlin, head o BASFs pig-
ments business in Europe. The requirements regarding pu-
rity, color strength and particle size distribution o pigments
or digital printing are constantly increasing. For new pack-
aging technologies, heat resistance is becoming more impor-
tant. Thereore we believe that high-perormance pigments are
gaining share rom classical pigments.Some leading players have also been expanding in the eect
pigments sector, where there have been shits in demand due
to changes in consumer taste. There has, or example, been a
swing away rom the glittering, shimmering appearances to a
more muted, matte look, which requires changes in the shape
and size o metallic pigments.
Sun Chemical and its parent company DIC o Japan last
year acquired Benda-Lutz Werke GmbH o Austria. With pro-
duction plants in Austria, Poland, Russia as well as the U.S.,
the acquisition considerably strengthens Sun Chemicals global
position in eect pigments in the graphics markets.
This acquisition gives us more opportunities to dierenti-ate our printing ink pigments, which is even more important
in a at market, said Mehran Yazdani, vice president and gen-
eral manager, Sun Chemical Perormance Pigments, Electronic
Materials, and DIC International, at the ECS exhibition. We
have more exibility in our ability to meet customers require-
ments or tailor-made solutions and to respond to changes in
demand, like the need or matte nishes.
Except in some niche, high perormance segments, printing
ink pigment prices have been sotening in the ace o weak de-
mand. At the same time, however, protability has been urther
squeezed by a continued rise in raw materials costs.
Many o these increases stem rom economic and environ-mental trends in China, which has a virtual monopoly on the
supply o some key intermediates or production o bulk or-
ganic pigments. Market conditions in India, also a major pro-
ducer o some raw materials, also have had an impact on costs.
In its latest raw materials outlook, Flint Group warned that
stricter environmental laws, particularly those on treatment
o wastewater efuent, were pushing up raw material costs in
China and India.
Closure o capacity due to stricter environmental rules was
also causing shortages o key intermediates, like beta naphthol or
red pigments. The cost o intermediates or yellow pigments was
being pushed up by a combination o eedstock shortages andthe higher cost o basic raw materials like benzene and toluene.
Hikes in raw material costs are also aecting producers o
bulk inorganic pigments like titanium dioxide (TiO2), whose
prices, until last year, had been rising steeply in Europe and in
much o the rest o the world.For a while, higher TiO
2prices have been giving produc-
ers o the pigments their highest prots or many years. But
these have steadily been eroded over the last two years by rising
prices or the raw materials like titanium and ilmenite, mainly
because o a lack o adequate investment by mining companies
in their extraction.
Around the middle o last year, TiO2prices began to atten,
and even in the last months o 2012 started declining. But costs
o raw materials or the white pigment continued to go up.
Faced with the prospect o weakening selling prices and
persistent rises in raw material costs, some producers have been
deciding to pull out o the business.Sachtleben, Europes leading producer o specialty TiO
2
or printing inks and other niche sectors, which has been a
joint venture between Rockwood Holdings and Kemira, has
eectively been put up or sale. Rockwood last year bought
Kemiras minority stake in the company, although it had previ-
ously announced that TiO2was now a non-core business.
Rockwell last year recorded a 4% drop in TiO2
sales at
Sachtleben rom 784 million in 2011 to 731.5 million, but
the shrinking margins were reected in a 36% dive in EBITDA
rom 258 million to 165 million. By the ourth quarter, the
margins contraction had accelerated, with EBITDA prots
plunging by 90% despite a 14% rise in sales.
REACH on the HorizonIn addition to rising raw material costs, pigment producers and
suppliers are also having to ace higher costs o compliance
with tighter regulations in Europe.
The most prominent o these is REACH, the EUs legisla-
tion on the registration, evaluation and authorization o chemi-
cals, under which pigments and other substances or, i they are
compounds, their individual ingredients, have to be registered
with dossiers detailing their saety proles. I chemicals ail to
be registered, they have to be taken o the market.
A large number o pigment chemicals have had to be regis-tered over the last ew months to meet a deadline at the end o
May or the submission o dossiers. This is the second o three
registration deadlines, based on the total tonnages o chemicals
sold on the European market, with the last in mid-2018 or
chemicals with the lowest volumes.
Registration is expensive or us but even more expensive
or the smaller companies, said Mr. Yazdani. A lot o pro-
ducers, particularly Asian pigment exporters, will probably be
walking away rom the European market by not registering
their products because o the high costs.n
European Editor Sean Milmo is an Essex, UK-based writer special-izing in coverage of the chemical industry.
http://www.inkworldmagazine.com/http://www.inkworldmagazine.com/http://www.inkworldmagazine.com/http://www.inkworldmagazine.com/http://www.inkworldmagazine.com/http://www.inkworldmagazine.com/http://www.inkworldmagazine.com/ -
7/27/2019 Ink World Magzine_Vol.19, No.3_2013-05
17/52
http://www.inkworldmagazine.com/http://www.coatingsworld.com/ -
7/27/2019 Ink World Magzine_Vol.19, No.3_2013-05
18/5218 www.inkworldmagazine.com May/June 2013
Packaging Inks
BYDAVID SAVASTANOEDITOR
The Packaging Ink MarketThe market for packaging inks remains strong,with water-based, solvent-based, sheetfedand UV/EB inks all having their areas of growth.
The packaging eld remains the strongest area o growth
in printing, and the numbers o consultants and trade
associations appear to back this up. For example, in its
report, The Future o Packaging in North America to 2017,
Smithers Pira estimates that the North American packaging
industry had sales o $169.1 billion in 2012, with an estimated
growth to $186 billion by 2017.
In terms o segments, the Flexible Packaging Association
(FPA) estimates in its FPA Flexible Packaging Industry
Segment Prole Analysis that the U.S. exible packaging mar-
ket was $26.7 billion in 2012. By contrast, the FPA reportedthat 2001 exible packaging sales in the U.S. were $19.5 billion,
or a nearly 37% growth rate during the past 11 years.
For corrugated printing, the Association o Independent
Corrugated Converters puts corrugated packaging sales at $21
billion or 2012. On the olding carton side, the Paperboard
Packaging Council estimates North American sales at $8.8
billion, with an average annual growth rate o 2.4% in sales
through 2016.
PCI Films Consulting calculates the overall global
exible packaging market to be approximately
$80 billion.
In terms o printing ink, inits 2013 State o the Industry
Report, the National
Association o Printing
Ink Manuacturers
(NAPIM) estimated
the U.S. liquid ink
market to be ap-
proximately $1 bil-
lion in 2012, with
more than two-
thirds being exo
ink sales.In other words,
packaging continues to be a major business, and or the most
part, packaging ink manuacturers are seeing growth in their
business.
Felipe Mellado, chie marketing ocer, Sun Chemical, said
that Sun Chemical has seen moderate growth in 2012 and sim-
ilar growth in 2013 in the packaging market.
Sun Chemical will continue to see signicant growth in
the exible packaging segment, Mr. Mellado added. The
packaging market aces diferent challenges than other mar-
ket segments, such as migration, the push toward smaller pack-
age size, recyclability and other eforts to reduce the impact opackaging on the environment, but these challenges are great
opportunities or growth at Sun Chemical. Were working with
brand owners and major packaging groups to provide them
with solutions or specialized packaging or the uture.
The North American exible packaging volumes remained
at to slightly up compared to 2011, which could be character-
ized as resilient in the ace o decreasing GDP and consumer
condence as 2012 closed, said Deanna Whelan, global mar-
keting manager, packaging and narrow web
at Flint Group. With raw material
pricing coming back in line and
with the economic head-winds subsiding, we expect
growth in 2013 more in
line with generally ac-
cepted CAGRs or
this segment. The
North American
paper and board
segment was at
to slightly down
compared to
2011 or the
same reasonsbut with thePhoto courtesy of Wikoff Color.
http://www.inkworldmagazine.com/http://www.inkworldmagazine.com/http://www.inkworldmagazine.com/http://www.inkworldmagazine.com/http://www.inkworldmagazine.com/http://www.inkworldmagazine.com/mailto:[email protected]://www.inkworldmagazine.com/mailto:[email protected] -
7/27/2019 Ink World Magzine_Vol.19, No.3_2013-05
19/52
We createchemistry
that makespackaginglove UVcurable
systems.
Looking for UV curable systems for packaging applications? UV
inks and overprint varnishes formulated with Irgacure LEX 201
photoinitiator provide good cure speed, low odor, very low
migration and ease of use. At BASF, we create chemistry.
www.basf.us/dpsolutions
= REGISTERED TRADEMARK OF BASF CORPORATION.
http://www.basf.us/dpsolutionshttp://www.basf.us/dpsolutions -
7/27/2019 Ink World Magzine_Vol.19, No.3_2013-05
20/5220 www.inkworldmagazine.com May/June 2013
Packaging Inks
added complication o a growing con-
sumer preerence or the exible orm
actor.
Mark Hill, vice president o R&D orINX International Ink Co., said that pack-
aging was very strong overall in 2012, par-
ticularly on the ood side.
Food packaging was especially strong
with increased activity in that segment,
and it has carried over into the rst quar-
ter this year with positive results, Mr.
Hill said. The remaining markets, how-
ever, posted at results or showed slight
declines.
With improvement in the overall
economy, printers are busier and theirbacklogs are improving, said Daryl
Collins, vice president o sales and market-
ing or Wiko Color. They are using exist-
ing capacity to ll demand, but we do not
see capital investment in new presses pick-
ing up steam as yet. Our best growth this
year came in the label and exible packaging markets.
The packaging business is growing and is strong in the
U.S., said John Copeland, president and COO, Toyo Ink
America, LLC. Globally there is growth in the packaging are-
na and many opportunities. A number o third world countries
are in the initial phases o transormation rom non-packagedood to packaged products. Thats the good news.
It has been steady to slight growth, said Rob Calli, vice
president, BCM Inks.
Key Growth OpportunitiesPackaging encompasses a wide range o products, rom oods to
electronics and much more. Not surprisingly, ink manuactur-
ers see certain products growing aster than others. Ms. Whelan
noted that exible packaging and labels are strong growth areas.
The converted exible packaging segment is attractive and
growing, Ms. Whelan said. Within exible packaging, lami-
nation structures that oer improved protection and shel liewill grow above rates associated with the main segment. Label
markets like shrink, IML and heat transer (wide and narrow
web) are also estimated to grow at attractive rates.
Mr. Copeland also sees exible packaging as a strong growth
market.
Although relatively small at this moment, more pouch
printing will make inroads into the olding carton markets, Mr.
Copeland added. More companies are looking or innovation
in packaging, and exible packaging oers a variety o interest-
ing options.
Mr. Hill believes that ood packaging oers the best
opportunities.I think the biggest growth market will continue to be ood
packaging, Mr. Hill said. Paper and pa-
perboard packaging are stable in certain
markets, but plastic packaging is trending
upwards at a much aster rate. We are see-ing customers investing in equipment or
the exible packaging markets that were
not players in that segment previously.
We eel the graphic corrugated market
and digital print market oer tremendous
growth opportunities due to the growing
interest in brand color management and
short runs, Mr. Calli said.
Overall, we are seeing an increased o-
cus on the various regulatory legislations
worldwide that are driven by large CPGs,
such as Nestle and the Swiss Ordinanceadoption, said Tony Renzi, vice president,
product management packaging, North
American Inks, Sun Chemical.
In the near term, we expect continued
growth in the label, exible packaging, ink-
jet and export markets, Mr. Collins said.
Raw MaterialsThe ink industry has been heavily impacted by rising raw ma-
terial costs and supply concerns in recent years, but the past
year has seen a stabilization in these areas, albeit at a higher
level than beore.In general, raw material costs have stabilized, Ben Price,
director o purchasing or Wiko Color, said. Throughout
2010 and 2011, Wiko Colors raw material costs increased
drastically, and supply issues were numerous during this period.
There were shortages o titanium dioxide, nitrocellulose and
carbazole violet, to name a ew. Rosin resin prices were another
signicant concern during this time. In late 2011, prices or
most o our raw materials peaked, and we have experienced
moderate price decreases throughout 2012 and into early 2013.
Supply is not a concern or the majority o our raw materials
at this time.
For the most part, the raw materials have stabilized, Mr.Calli said. However, there is continued consolidation within
the supplier market, which will aect price and supply.
In general, at Sun Chemical we see a continuation o the
current moderation trend in the raw materials market this
year, said Ed Pruitt, chie procurement ofcer, Sun Chemical.
Although we have not recently experienced the widespread
shortages and allocations that plagued the industry two years
ago, the raw material supply chain is a continuing concern to
Sun Chemical. A sharp uptick in demand rom the emerging
markets or developed economies could quickly put products
like titanium dioxide, nitrocellulose, carbon black and some
pigments in very tight inventory positions. We also need to bemindul o the potential impact o global weather conditions
Produced by Star Packaging Corporation,
the Eco Ultra Motor Oil Pouch received the
FPAs 2013 Gold Award for Environmental
& Sustainability Achievement.
http://www.inkworldmagazine.com/http://www.inkworldmagazine.com/http://www.inkworldmagazine.com/http://www.inkworldmagazine.com/http://www.inkworldmagazine.com/http://www.inkworldmagazine.com/http://www.inkworldmagazine.com/ -
7/27/2019 Ink World Magzine_Vol.19, No.3_2013-05
21/52
We createchemistry
that makesflexiblepackaginglove ink.
Packaging gets noticed with Laroflex HS 9000 in your flexible film
lamination ink formulations. With improved print quality, high bond
strengths, stronger colors, higher opacity whites, and reduced
solvent usage, your food packaging will love flexible film inks
formulated with Laroflex HS 9000. At BASF, we create chemistry.
basf.us/dpsolutions
= REGISTERED TRADEMARK OF BASF CORPORATION.
http://basf.us/dpsolutionshttp://basf.us/dpsolutions -
7/27/2019 Ink World Magzine_Vol.19, No.3_2013-05
22/5222 www.inkworldmagazine.com May/June 2013
Packaging Inks
on such raw materials as gum rosin, etha-
nol and vegetable oils.
There has been some slowing to the
rise in raw material costs, but in generalthe trend in still going up, Mr. Hill said.
The price o oil and a tight intermediate
supply o raw materials are two reasons
or the price instability, and price uctua-
tions will likely continue this year.
Ms. Whelan said that 2012 appeared
more stable, but costs did continue up-
ward at a slower rate and continue to
work their way through the supply chain.
We do expect to see residual cost in-
creases along with some raw material in-
creases in 2013, Ms. Whelan said. And,o course, increasing transportation and
energy costs will always ace us. Acrylic-
based price increases that aect water-
based inks are starting to surace once again.
Raw material supplies continue to be a
major concern, Mr. Copeland said. Pricing
has been somewhat more stable this past year,
but is still not at a comortable level. In re-
cent years various suppliers have discontinued products, manu-
acturing sites and changed strategies, leaving the ink industry
scrambling or specic products rom time to time.
Solvent-Based, Water-Based and UV InksPackaging ink covers a wide range o inks, and the type o
packaging ink used depends upon the packaging. Typically,
solvent-based exo and gravure inks are used in exible
packaging, as water-based inks are difcult to dry on plastic
substrates. Water-based exo inks are ound on corrugated
and narrow web packages. Sheeted inks are used on olding
cartons. Meanwhile, UV-based inks are used throughout the
packaging segment.
Mr. Renzi noted that environmental advantages are driving
interest in water-based inks, while solvent- and UV/EB-based
inks have some specic perormance advantages.For specic product lines, there is growing interest or
water-based inks, especially with regard to high quality process
printing or pre-print corrugated, Mr. Renzi said. The use o
water-based systems continue to be o interest in an eort to
reduce waste and emissions. Were also seeing some renewed
interest in water-based inks or high perormance laminations
and one part systems or outdoor applications.
As printers continue to push toward higher press speeds,
were also seeing increased interest in solvent-based inks to de-
liver high quality print results with improved speeds and e-
ciencies, Mr. Renzi reported. There is increasing interest in
specialty inks (metallic, color shiting) as well as the use o HDplate technology in order to create a high quality, dierentiated
package. We are seeing growing interest in
our UV curing/energy curing oerings or
the packaging market and applications, es-
pecially EC products where product resis-tance perormance is a key criteria. There is
also growing interest in EB lamination in
combination with EC exo printing inks.
Mr. Calli sees growth in UV var-
nish, and sees opportunities ahead or UV
LED.
There has been a growing interest in
UV varnish, Mr. Calli said. We believe
the next trend will be UV LED.
Mr. Collins noted that EB curing ap-
pears to be picking up interest among ood
packagers.Due to concerns o using UV inks with
ood packaging, we see renewed interest in
EB curing inks vs. UV inks or ood pack-
aging, Mr. Collins said.
Some o the more interesting trends are
in the area o energy curable inks or the
label markets, Mr. Copeland said. We see
interest in UV, electron beam and LED tech-
nologies. There is also continued interest in solvent-based inks
due to perormance qualities and new and improved solvent
reclamation systems.
Ms. Whelan said that energy curing has enjoyed growth inrecent years.
In the converted exible packaging segment, we are see-
ing a renewed interest in water-based inks or shrink sleeve
and lamination, Ms. Whelan said. At the same time, energy
cure processes, especially EB, or lm substrates continues its
steady oray into exible packaging, but its potentially limited
by capital investment required.
In the narrow web tag and label market, the trend con-
tinues moving toward UV curable ink systems versus water-
based, added Ms. Whelan. The use o UV curable inks in the
packaging markets continues to grow - especially with the in-
troduction o low migration inks that support current globaland regional regulations. We also see an increasing interest in
UV LED curing technologies - this is a good move or printers
who have a ocus on economical and ecological sustainability.
I dont see any specic trends, but all ink types have a rm
grasp on certain markets, Mr. Hill concluded. Solvent has a
hold on plastic, whereas water is being used or paper and pa-
perboard, corrugated and labels, and UV is in use across several
markets. The markets that have adopted certain ink types ap-
pear to be sticking to those technologies more oten than not.
For more information on the packaging ink market, including
new technologies, see the online version of this story atwww.inkworldmagazine.com.n
Kraft YES Pack, produced by Exopack,
LLC, received FPAs 2013 Highest
Achievement Award, as well as the Gold
Award for Packaging Excellence.
http://www.inkworldmagazine.com/http://www.inkworldmagazine.com/http://www.inkworldmagazine.com/http://www.inkworldmagazine.com/http://www.inkworldmagazine.com/http://www.inkworldmagazine.com/http://www.inkworldmagazine.com/http://www.inkworldmagazine.com/http://www.inkworldmagazine.com/ -
7/27/2019 Ink World Magzine_Vol.19, No.3_2013-05
23/52
THIS COUPON GOOD FOR
NO FREE LUNCH.NO BASEBALL TICKETS.
NO BALLOONS.
NO HOT AIR.
JUST QUALITY AQUEOUS
DISPERSIONS AT VERY
COMPETITIVE PRICES.
888-ALEX COLOR
www.alexcolor.com
COLOR IS OUR MIDDLE NAME
http://www.alexcolor.com/http://www.alexcolor.com/ -
7/27/2019 Ink World Magzine_Vol.19, No.3_2013-05
24/5224 www.inkworldmagazine.com May/June 2013
The Resin Report
BYDAVID SAVASTANOEDITOR
The Resin ReportResin manufacturers are looking forward to the upcoming
year, as they develop new products for the market.
When it comes to ormulating inks, resins play a crit-
ical role. Resin suppliers reported that 2012 saw
improvements in sales, and they are optimistic that
2013 will continue this trend.
We predominately serve packaging ink manuacturers,
where there remained a sense o stability in 2012, compared
to slight and continued declines in publication and commer-
cial printing, said Rick Krause, business director, printing and
packaging North America at BASF.
Hydrite has ocused and will always ocus on developing
new products with input rom our customers, with eedback
rom our customers, said Terry Chomniak, director o sales- process organics or Hydrite Chemical. We have seen our
business gradually increase over the past 12 to 18 months, es-
pecially in the water-borne packaging inks and OPV market.
Recovery has been slow since 2010 and 2011, but it has been
consistently improving.
The resin market is stable but very competitive, said Jason
Huang, manager, Yuen Liang Industrial & Co. Ltd. From our
point o view, ink markets have very good potential or us.
The overall market was much improved in 2012, especially
when compared to the lows o 2008, 2009 and 2010, said Steve
Reiser, vice president sales and marketing, Specialty Polymers,
Inc. We serve several dierent ink markets and all showed in-creases last year. Market recovery is slow but steady. In 2013, we
are continuing to see the market recover.
Currently, business is steady and competition is strong, said
Matt Grodd o Kane International Corporation. Most resin
suppliers are aggressively pursuing existing opportunities with
competitive prices. Many international companies are pursuing
domestic opportunities as well.
Ink Industry NeedsWhat do ink manuacturers look or when they purchase res-
ins? Resin suppliers reported that new products and price con-
trols are two o the topics they hear rom their customers.Ink manuacturers as well as raw material suppliers need
to be cognizant o the new packaging designs and the new
technology being used to transer the ink to the substrate, Mr.
Chomniak said. Hydrite is working to introduce new prod-
ucts that will provide better resistance properties as well as bet-
ter runnability and print speeds.
Their main concerns are stable price support, better qual-
ity supply, sucient quantity oer and technical discussion/
exchange, Mr. Huang said.
There are two things we are hearing rom our custom-ers Mr. Reiser said. First, they want to lower the costs o their
resins, but need the same perormance. Everyone in the in-
dustry has seen their margins get squeezed and they are under
pressure to manage all their costs, including the cost o their
resins. Secondly, they are looking or new resins to meet their
specifc product perormance goals. The ink market contin-
ues to diversiy, requiring products with dierent perormance
characteristics. Customers are fnding o the shel products
dont provide the needed perormance. We are seeing an in-
crease in the number o customer requests or special resins,
designed specifcally or their unique requirements.
There is ongoing pressure to improve perormance o ni-trocellulose modiying resins to equal the higher perorming
Photo courtesy of Yuen Liang Industrial & Co. Ltd.
http://www.inkworldmagazine.com/http://www.inkworldmagazine.com/http://www.inkworldmagazine.com/http://www.inkworldmagazine.com/http://www.inkworldmagazine.com/http://www.inkworldmagazine.com/mailto:[email protected]://www.inkworldmagazine.com/mailto:[email protected] -
7/27/2019 Ink World Magzine_Vol.19, No.3_2013-05
25/52
###$
'$
'(#$
'"$
'$
#%#%
'##
'!
'!"
'
,).&.+/&.*+-%
$
-
7/27/2019 Ink World Magzine_Vol.19, No.3_2013-05
26/5226 www.inkworldmagazine.com May/June 2013
The Resin Report
non-nitrocellulose systems, Mr. Grodd said. Customers expect
exceptional value with low prices. There is a customer movement
in the PU market or higher solids resins without changing viscos-
ity. There is also an increasing demand to grind various types opigments in polyurethane resins.
Improved cost-in-use continues to be a recurring theme
rom our customers, printers and converters, Mr. Krause said.
Perormance balanced with value is also very critical. The contin-
ued evolution o ood packaging requirements, health, saety and
environmental standards and international regulatory compliance
places an ever-greater need or us to support our customers.
Major Challenges for Resin SuppliersResin manuacturers noted that the need to develop new tech-
nologies is a key challenge. Mr. Reiser said that the biggest chal-
lenge or the resin industry is the lack o product innovation.New technologies typically bring a higher value to the
customer, Mr. Reiser said. As the ink market looks or unique
applications, the demand or new technologies will grow.
Over the past ew years, the industry has experienced a
great deal o consolidation, Mr. Reiser added. As a result, there
are ewer raw material suppliers and ewer choices. In addition,
through plant and product rationalization, raw material suppli-
ers have taken products o the market. When a raw material
goes away, signifcant eort goes into product reormulation.
We continue to place an emphasis on improving our in-
dustry alignment with our customers, providing them a broad
portolio o resins, pigments and ormulating additives, said Mr.Krause. We continue to invest in new product development to
support the innovation eorts o our customers.
The main challenges o resin industry are to satisy dier-
ent quality requirements rom each customers and to assist each
customer, Mr. Huang said. We keep various sources o raw
materials to control our cost well.
Mr. Chomniak noted that regulatory concerns are a chal-
lenge or resin suppliers.
The resin industry, like our ink and coating customer base,is addressing the requirements and challenges presented by the
implementation o GHS, Mr. Chomniak said. As with all is-
sues related to regulatory compliance and saety, there will be
time, training and cost considerations to meet and we are ad-
dressing with several in-house initiatives.
Expectations for the Resin MarketResin manuacturers are looking orward to the upcoming
year, as they develop new products or the market.
Hydrite is looking to grow our graphic arts business in
2013 and into 2014 by developing new products, by listening
to our customers and meeting the needs o their customers,the printers, Mr. Chomniak said. Not only are we develop-
ing and promoting our new HydriPrint product line, we are
investing in our plant to meet our projected growth.
We are seeing more and more requests rom customers to
develop products that meet their specifc needs, Mr. Reiser
said. Over the past ew years, Specialty Polymers has expanded
both the sales and technical group and these olks enjoy work-
ing closely with our customers to understand their application
and perormance requirements.
We expect to see continued and modest improvement in
packaging ink and overprint varnish demand, particularly i
consumer confdence and spending continue to improve, Mr.Krause concluded.
For more information on the resin market, including raw materials and
new technologies, see the online version of this story atwww.inkworld-
magazine.com.n
http://www.inkworldmagazine.com/http://www.inkworldmagazine.com/http://www.inkworldmagazine.com/http://www.inkworldmagazine.com/http://www.inkworldmagazine.com/http://www.inkworldmagazine.com/http://www.inkworldmagazine.com/http://www.inkworldmagazine.com/mailto:[email protected]://www.ylresin.com/http://www.inkworldmagazine.com/http://www.inkworldmagazine.com/http://www.inkworldmagazine.com/ -
7/27/2019 Ink World Magzine_Vol.19, No.3_2013-05
27/52May/June 2013 www.inkworldmagazine.com 27
Inkjet Report
The digital printing sector continues to expand, as inkjet
gains market share in areas it already is strong in, while
moving into new printing segments. For inkjet ink
manuacturers, business continues to grow as well.
EFI reached a major milestone in 2012, when the company
surpassed the million liter sales mark.
We had another record year or ink sales in 2012, said
Stephen Emery, vice president, ink business, EFI. EFI hit a
milestone when, or the rst time, the company shipped more
than a million liters o digital UV ink in less than 12 months.
This represents a signicant amount o the total market or inkin the industries we serve.
Dr. Christophe Bulliard, commercial director or Sensient
Imaging Technologies SA, said that Sensient is concentrating its
developments in industrial inkjet printing applications.
As a leader in sublimation inkjet inks, we are taking ad-
vantage o all the driving orces operating in this segment:
the strong increase o the digital share o textile printing, the
growth o polyester vs. cotton as a substrate and the increasing
use o sublimation to print onto polyester as this technique
brings very high color gamut with a process respective o natu-
ral resources (no use o water), Dr. Bulliard said. During the
past year, we have launched sublimation solutions or very highproductivity printers equipped with Kyocera printheads (MS
Italy, Reggiani ReNOIR). These printers started to make their
way into printing paper, and Sensient was again a pioneer in
the development o suitable ink systems. Sensient also made
interesting in-roads with coding and marking inks with a new
set o high perormance products.
Ken Kisner, INX Digitals vice president and chie technol-
ogy ocer, said that the printing industry saw inkjet technol-
ogy take a big step orward.
At drupa 2012, there was a strong inkjet presence, and ev-
eryone could see the growth o digital in areas that always were
considered to be either ofset or lithography in the past, Mr.Kisner said. Industrial markets such as ceramic and textile are
showing steep increases in use. The signage market is continu-
ing to display signs o maturity as local manuacturers are be-
ginning to establish ground in price sensitive markets.
SunJet, the inkjet division o Sun Chemical, grew strong-
ly in the past year, and widened its product and technology
portolio to meet the demands o existing and emerging mar-
kets, said Peter Saunders, global sales and marketing manager,
Sun Chemical.The industry as a whole experienced signicant growth in
2012, and Nazdar made substantial contributions to the mar-
ketplace in all sectors, said Rich Dunklee, digital market seg-
ment manager - Americas at Nazdar.
Kristin Adams, marketing manager or Collins Ink
Corporation, said that Collins business continues to grow, as
does the printing industry, particularly in the high-speed inkjet
printing market.
Were seeing more and more customers rom the tradition-
al printing industry begin to integrate inkjet printheads into
their production, Ms. Adams added. I think weve all learned
that there is a certain threshold at which is doesnt make senseto use inkjet because the cost per page is simply too expensive.
The Inkjet Ink ReportAs digital printing expands into new applications and gainsmarket share in existing segments, inkjet ink suppliers areenjoying growth
BYDAVID SAVASTANOEDITOR
Photo courtesy of Bordeaux Digital Printink Ltd.
http://www.inkworldmagazine.com/http://www.inkworldmagazine.com/http://www.inkworldmagazine.com/http://www.inkworldmagazine.com/http://www.inkworldmagazine.com/http://www.inkworldmagazine.com/mailto:[email protected]://www.inkworldmagazine.com/mailto:[email protected] -
7/27/2019 Ink World Magzine_Vol.19, No.3_2013-05
28/5228 www.inkworldmagazine.com May/June 2013
Inkjet Report
However, or shorter runs with variable data, inkjet is the wayto go. Printhead manuacturers like Kyocera, HP, Ricoh, Xaar,
Spectra and others have nice systems that allow customers to
easily integrate water-based and UV curable digital printing
with traditional printing. A combination o the two seems to
be working or a lot o customers who battle with the tradi-
tional/digital threshold.
John Kaiser, product marketing manager - inkjet inks,
FUJIFILM North America Corporation, Graphic Systems
Division, said that the inkjet printing industry as a whole con-
tinued to expand last year as printers replaced traditional analog
equipment with digital inkjet technology, and more output was
produced utilizing digital inkjet equipment.Fujilm recorded signicant sales o digital inkjet equipment
this past year, and our inkjet ink business continues to grow signi-
cantly, Mr. Kaiser said. In the wide ormat segment, Fujilm in-
troduced new upgrades to the Onset series o UV atbed printers
with the introduction o the Onset S40i, introduced a new model
o the Uvistar series with the Uvistar Pro-8 and expanded the
Acuity series with the introduction o the Acuity Advance Select
and the Acuity LED 1600. These platorm introductions were ac-
companied by the launch o several new Uvijet ink ranges that
delivered enhanced perormance characteristics such as superior
adhesion to substrates and increased ink exibility.
In the sheeted and web segment, Fujilm recorded sales oboth the J Press 720 and J Press 540W inkjet digital platorms, Mr.
Kaiser added. These platorms utilize Fujilm VIVIDIA inkjet
inks or ecient production o high quality output primarily or
shorter run length jobs. Along with the introduction o equipment
and inks, the company dedicates much time and research to the
development o innovative new inkjet platorms and inks or both
existing markets and new markets, and expects to launch several
new platorms and inks in 2013.
Michael Andreottola, president, American Ink Jet Corporation,
said that 2012 was a good year or American Ink Jet.
We had modest gains in sales compared to 2011, Mr.
Andreottola said. Our increase was due to new activity in thirdparty cartridge remanuacturing and the development o inks
or new applications or inkjet printing. The additional applica-
tions are in circuit board printing and printing on novel materials.
Another part o our growth is in toll manuacturing or companies
developing inkjet inks but not having the manuacturing acilitiesto do so. In the past, where we manuactured inks or DuPont,
Rohm & Haas and Kodak, we are now producing inks or much
smaller companies that require inks or specic applications.
Moshe Zach, CEO o Bordeaux Digital Printink Ltd., said that
Bordeaux is a global company ofering high quality digital print-
ing inks, coatings and solutions and operates within the realm o
the global wide ormat and graphic arts printing niche.
As such, Bordeaux has a strong presence worldwide, backed
up by strong local distributors who claim to have a competitive
edge over other brands and continue to introduce new Bordeaux
products and increase their Bordeaux market share, Mr. Zach said.
In the last year, Bordeaux enjoyed the deployment o new dis-tributors in Western Europe and increased its market share and the
introduction o new Bordeaux products in other European coun-
tries. Bordeaux is looking orward to the continued growth in the
North and South American markets, where we have been able to
leverage new products and increase the awareness to Bordeauxs
quality inks, coatings and ink eeding solutions.
Good Opportunities for InkjetInkjet has made signicant inroads into a wide variety o markets,
such as wide ormat and narrow web. As brand owners and print-
ers look to produce shorter runs, inkjet will continue to make
gains. For example, Ms. Adams noted that exible UV inkjet inksand inks or ood packaging and pharma applications are good
opportunities or inkjet.
Inkjet is growing in all markets, even in well-established sec-
tors such as wide ormat graphics, Mr. Saunders said. Variable
data markets in China, or instance, are seeing tremendous growth
due to the need or supply chain traceability. I we talk about u-
ture opportunities, packaging applications and commercial print
markets are a real ocus or us in ink technology and or our part-
ners in hardware development. Both o these areas require UV
inks and aqueous inks, depending on the end applications, and
maybe even hybrids o the two in some cases.
Inkjet technology has done a terric job providing an alter-native to traditional print processes, Mr. Kaiser said. The key
growth areas in the uture will be packaging and industrial applica-
tions. This will be especially true or industrial applications, which
can benet rom the digital sweet spot o small order quantities,
increased customization and quick turnaround.
The packaging industry is primed or growth, said Mr. Kisner.
Regardless i its or corrugated, olding carton, metal decoration
or exible packaging purposes, inkjet technology gives marketers
the chance to keep current with new packaging regulations, lan-
guages or more target-specic marketing.
Mr. Dunklee said that LED curable UV inks are going to be
much more relevant in the next couple o years.As more printer manuacturers adopt the technology, the
Photo courtesy of EFI.
http://www.inkworldmagazine.com/http://www.inkworldmagazine.com/http://www.inkworldmagazine.com/http://www.inkworldmagazine.com/http://www.inkworldmagazine.com/http://www.inkworldmagazine.com/http://www.inkworldmagazine.com/ -
7/27/2019 Ink World Magzine_Vol.19, No.3_2013-05
29/52May/June 2013 www.inkworldmagazine.com 29
Inkjet Report
prices o the LED lamp units will start to normalize and become
competitive with conventional UV curing units, Mr. Dunklee
added. We are already seeing quite a ew printers who are either
100% LED curing or are using a hybrid solution.Mr. Emery said that EFI made some strategic technical ad-
vances in the past year that open the door to new markets or its
customers.
The rst is a thermoormable ink suitable or deep-draw ap-
plications, Mr. Emery said. The ink does
not crack, ade or otherwise degrade under
thermoorming applications, so it brings ink-
jet into an area that is really dominated by air-
brush applications. It is a big time saver and
presents a great example o how digital print-
ing can make some processes much easier.
Similarly, decorated tile is oten pro-duced by analog or manual decoration
methods, Mr. Emery added. Last year, we
acquired Cretaprint, a leading provider o
inkjet-based tile decorating systems because
it presents a great growth opportunity. The
market is not as pronounced here in the
U.S., but it is the type o business that can
have a tremendous impact in Asia and other
regions. We have also developed an ink or
printing on corrugated plastics. Corrugated
plastic is a large market overall in the sign
and graphics market, but digital printing oncorrugated has been limited in the past be-
cause inkjet traditionally has adhesion prob-
lems on the substrate. Fixing that issue with
the new inks we have coming to market has
the potential to being even more print into
the digital space.
One very interesting area or inkjet is
in textile printing, Mr. Andreottola said.
Although inkjet has been used in this market
or many years or printing carpets, wall cov-
ering and other durable goods, there has been
an increase in using inkjet printers in shortrun textile printing, such as overnight print-
ing o patterns on various materials. Someone
can nd a pattern on a website and order so
many yards o the material, and within a ew
days can have a unique garment or urniture
upholstery.
It seems that many OEMs are moving
the battleeld to industrial printing now that
the applications o digital printing to personal
(SOHO, oce) and commercial (wide or-
mat, documents...) printing are mature, Dr.
Bulliard noted. This ofers very good oppor-tunities to develop unique solutions or the
manuacturers. We anticipate that digital printing will also grow
very ast in packaging applications.
For more information on the inkjet ink report, including the strongestmarkets for digital printing, competitive gains being made by digital
and new technologies, see the online version of this story atwww.ink-
worldmagazine.com.n
http://www.inkworldmagazine.com/http://www.inkworldmagazine.com/http://www.inkworldmagazine.com/http://www.inkworldmagazine.com/http://www.inkworldmagazine.com/http://www.inkworldmagazine.com/http://www.inkworldmagazine.com/http://www.inkworldmagazine.com/mailto:[email protected]://www.spectracolors.com/http://www.inkworldmagazine.com/http://www.inkworldmagazine.com/http://www.inkworldmagazine.com/ -
7/27/2019 Ink World Magzine_Vol.19, No.3_2013-05
30/5230 www.inkworldmagazine.com May/June 2013
Additives Market
BYDAVID SAVASTANOEDITOR
The Additives MarketThere are a number of areas of growth for inkmanufacturers, and additives suppliers are deliveringproducts that will help their customers meet their needs.
The printing ink industry had a mixed year in 2012,
as some areas (packaging and inkjet) were strong and
other segments (publication, commercial sheeted)
remained weaker. Additive suppliers noted that they also saw
growth in these expanding areas.
I dont believe I would call it a recovery, but our graphic
arts business appears to have stabilized over the past year, said
Ron Levitt, regional sales leader at Shamrock Technologies.
Business toward the end o the year picked up, and we see this
continuing in the rst quarter o 2013.
From a water-based ink perspective, wax additive losses orinks on packaging were not so signicant that you could claim
a signicant recovery, said Alan Kalmiko, president o Keim
Additec Surace USA, LLC.
We have seen improvements in some areas o our graphic
arts business, said Patrick J. Heraty Jr., key account manager,
coating additives - Tego, Evonik Goldschmidt Corporation.
Packaging and inkjet applications have increased. Publication
continues to trend downward as expected.
For Kustom Group, the overall graphic arts side o our busi-
ness slipped a little in 2012, but the additives part o our busi-
ness continued to show some growth, said David Aynessazian,
vice president sales and marketing, Kustom Group. At KustomGroup, we consider a product used at a level o less than 5% o a
ormulation to be an additive. Additives can help to push an ink
to perorm in a specic way that the printer requires without
having to completely reormulate. No ink type is immune rom
a need or an additive regardless o chemistry (oil-based, aque-
ous or energy cure) or press conguration (exo, oset, screen,
gravure, spindle, pad or inkjet). The result is that additive use
increased in 2012.
Growth Areas for Additives
There are a number o areas o interest or ink manuacturers,
and additives suppliers are working to deliver products that willhelp their customers meet their needs.
Alex Radu o Shamrock Technologies Product Marketing
Center said that exible packaging is one o the strongest areas
o interest.
The main growth area or the ink industry will be pack-
aging, mostly exible, Mr. Radu said. It is an exploding seg-
ment, driven by the general consumer trend o ood and dr ink
pouches becoming smaller and smaller.
Our strong customer ocus provides Shamrock the abil-
ity to listen to our customers to develop innovative products
to meet their needs, Craig Baudendistel, director o sales at
Shamrock Technologies, added. Delivering value added per-ormance-based products are key to meeting our customers
expectations.
Our company has been very active in the REACH initia-
tive overseas and in complying