China becomes the next occupation for ink manufacturers

"The continuous decline in China's printing and ink industry is the result of the sluggish market demand
.
" A person from Bauhinia Ink and Chemicals added
.

"The government's thrift regulations and strict control of government expenditures have slowed down China's economic growth.
In view of this trend, the printing and ink industries have been negatively affected
.
" A spokesperson from DIC's Printing Ink Department said, "Digitalization is also continuing.
Affect the circulation of publications, especially newspapers
.
"

Mr.
Zhang of Yanhuada Ink pointed out that Huada Ink is currently focusing on sheetfed offset printing and UV ink market
.

"Considering that China is already one of the largest markets in the world, we have no reason to focus on other markets other than China
.
" Mr.
Zhang said, "As long as the Chinese people are not satisfied with the quality of life, the economy will maintain medium-to-high-speed growth
.
"

"In the past, environmental costs were not included in the cost, which is completely different from now
.
" Mr.
Zhang added, "Especially in 2016, Chinese printing companies and ink manufacturers are spending energy and money to make printing more environmentally friendly
.
"

Expansion in China

As the Chinese economy grows, ink manufacturers are also expanding their business in China
.

Nakano said that, as the company's recent expansion has shown, China is still an important source of growth for the Toyo Ink Group
.

"Despite the slowdown in economic growth in recent years, China, as the world's second largest printing market, presents opportunities for further growth as the region's infrastructure and consumer market continue to expand
.
" Nakano pointed out, "In 2013, we A gravure printing plant was opened in Chengdu, Sichuan, and an offset printing ink plant, Sichuan Toyo Ink, was invested in the same area in the fall of 2015.

This is the final step of our regional plan to establish production bases in all major markets of the country
.
Toyo Ink The group now intends to use its leveraged expanded production capacity to promote local sales and develop value-added products for the local market
.
"

A DIC printing ink spokesperson pointed out that China is one of DIC's most important markets, and DIC has always attached great importance to the ink business in this market
.

"DIC has opened a parent factory in Nantong and has continued to increase its production capacity
.
" DIC's spokesperson said, "DIC expects that the Chinese ink market will continue to grow, especially in the packaging sector
.
"