Toyo Ink and Doneck enter licensing agreement for water-based lamination inks
This licensing agreement is expected to strengthen the position of both companies in the competitive global packaging industry, as water-based alternatives to printing inks are projected to fuel the future growth of the industry, especially in the food packaging sector.
Weak presence up until now
“We're delighted to enter this agreement with Doneck Euroflex, a major company in the supply of liquid ink systems across Europe,” said Katsumi Yamazaki, president of Toyo Ink. “We already have an established supply structure and a proven sales track record in Asia and North and South America. The new licensing agreement will allow us to strengthen our existing water-based liquid inks operations on a global basis by extending its supply structure to Europe, a region where its presence had been weak up until now.”
Shipments of 1,000 tons per year
While tapping into Doneck's extensive distribution network, Toyo Ink will strive to provide full customer support tailored to individual market needs and to achieve shipments of 1,000 tons per year during the company's next mid-term management plan that runs from fiscal 2018 through fiscal 2020. “We are happy to introduce this unique water-based technology which could lead to increased environmental sustainability. We are proud that Doneck Network was chosen by Toyo Ink as partner for the European market,” said Arndt Breitbach, Managing Director and main shareholder of the Doneck Network.
About Toyo Ink
Toyo Ink is a pioneer in retort technology development. The “Aqua Liona” series of water-based flexo lamination ink is the first of its kind to support high-end retort applications, exhibiting good printability at high-speeds. The “Aquaecol” series of water-based gravure lamination inks features a high pigmentation design that helps it achieve printability anda high resolution. In addition, the product is suitable to a wide range of applications from snack to retort food packaging.
Both products use as their base resin, a water-soluble urethane resin engineered with Toyo Ink's polymer technology. As a result, these inks demonstrate good printing results and quality while adhering to strict chemical substance regulations and guidelines, such as the Swiss Ordinance and the European Printing Ink Association.