Thursday, October 23, 2025
ConsumablesToyo Ink to establish production base in Myanmar

Toyo Ink to establish production base in Myanmar

-

Toyo Ink to establish production base in Myanmar

-

 

[dropcaps style=’2′]Toyo Ink SC Holdings, the parent company of the Toyo Ink Group of Japan, has announced plans to make a full-fledged foray into the Myanmar market with the establishment of a production base in the Thilawa Special Economic Zone in Yangon. The company plans to set up in July 2018 a wholly-owned manufacturing subsidiary, Toyo Ink Myanmar Co., Ltd., with an initial paid-in capital of US$6.5 million. The new factory is scheduled to break ground in November 2018 with commercial operation expected to begin in November 2019.[/dropcaps]

In line with its strategic focus on strengthening its market competitiveness and boosting business development in the region, the Toyo Ink Group had been eyeing expansion in Myanmar while supplying the nation with exports via neighboring countries. In recent years, the government’s aggressive policies to attract foreign funding, such as infrastructure enhancements and the relaxation of import restrictions, have substantially strengthened Myanmar’s investment climate, making it an attractive investment destination.

“Myanmar presents a huge potential for the Toyo Ink Group,” said Katsumi Kitagawa, group CEO of Toyo Ink Group. “As the first major ink manufacturer to set up a production foothold in Myanmar, we look forward to establishing an early leadership position in markets where we can play to our strengths like food packaging and commercial printing. By bringing our manufacturing expertise, cutting-edge technology and support functions to the local market, we aim to make a positive impact on regional development and on enhancing the quality of life of the Myanmar people.”

Initially, the new subsidiary will be engaged in the production of liquid inks for packaging, adhesives for films, and offset inks for the commercial printing market. While monitoring market and regulatory trends, the company plans to expand production capacity and product offerings in Myanmar.

The Toyo Ink Group has expanded its business to a wide array of global markets like panel displays, electronics, food packaging and medical adhesives, all of which rely on its core materials of inks, polymers and colorants. Through its business activities, the Group is committed to achieving its collective vision of a more vibrant world where all living beings and the environment can coexist in harmony.

–Pranay Mathur

[line style=’solid’ top=’10’ bottom=’10’ width=’100%’ height=’1′ color=”]

Mahan Hazarika
Mahan Hazarika
Mahan Hazarika assumes the role of Editor at The Packman, a position he has held since 2017, reflecting a distinguished decade-long tenure specializing in journalism within the printing and packaging sectors. Beyond his professional realm, he nurtures a deep appreciation for music, travel, and films, finding inspiration and relaxation in these pursuits.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Latest news

Heidelberg India signs MOU with Sri Kaliswari Group to launch MK Masterwork Demo and Training Center

On 15 October 2025, a Memorandum of Understanding was signed between Thomas Frank, managing director, Heidelberg Asia Pacific, and...

Asahi Photoproducts to host second AWP Environment Event at CIIE 2025 in Shanghai

Asahi Photoproducts, a leader in sustainable flexographic plate technology and a division of Asahi Kasei, will exhibit at the...

New president, vice-president, board members and re-elections at GRA

The Global Rotogravure Association (GRA) is pleased to announce the election of new officers and board members during its...

Amcor announces operational launch of new MDO line in Peru

Amcor, a global leader in developing and producing responsible packaging solutions, announced the installation and operational readiness of a...
- Advertisement -spot_img

Ranpak brings AI-driven packaging intelligence to Logistica Next 2025

Ranpak, a global leader of sustainable paper-based automated packaging solutions for e-commerce and industrial supply chains, will exhibit its...

London Packaging Week 2025 sees strong rise in visitors

London Packaging Week 2025 has recorded a 15% growth in attendance, attracting 5,752 unique visitors to Excel London. Now...

Must read

Siegwerk launches mineral-oil-free inks Vega in Indian market

Siegwerk, one of the leading global providers of printing...

NBG to launch full servo-driven flexo press at Labelexpo India 2018

At Labelexpo India, Faridabad-based NBG Printographic Machinery Company will...

You might also likeRELATED
Recommended to you