TOKYO, Japan -- Toyo Ink, a member of the Toyo Ink Group, and Doneck Euroflex S.A. (“Doneck”), a manufacturer of flexo and gravure inks for the European region, has announced that they concluded a licensing agreement that allows Doneck to manufacture and sell Toyo Ink's AQUA LIONA™ and AQUAECOL™ series of water-based lamination inks to markets in Europe.
Water-based Alternatives to Printing Inks to Fuel Future Growth
|Toyo Ink Concludes Licensing Agreement with
Doneck 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.
Katsumi Yamazaki, president of Toyo Ink said:
“We're delighted to enter this agreement with Doneck Euroflex, a major company in the supply of liquid ink systems across Europe.
“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
Extensive Distribution Agreement
While tapping into Doneck's extensive distribution network, Toyo Ink will strive to provide full customer support tailored to individual market needs
It will try 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 AQUA LIONA and AQUAECOL for the European market,
” said Arndt Breitbach, Managing Director and main shareholder of the Doneck Network.
- 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 excellent printability at high-speeds
- The AQUAECOL series of water-based gravure lamination inks features a high pigmentation design that helps it achieve excellent printability and a high resolution
- In addition, AQUAECOL is suitable to a wide range of applications from snack to retort food packaging
Both AQUA LIONA and AQUAECOL use as their base resin, a water-soluble urethane resin engineered with Toyo Ink's unique polymer technology. As a result, these inks demonstrate world-class printing results and quality while adhering to strict chemical substance regulations and guidelines, such as the Swiss Ordinance and the European Printing Ink Association.
AQUA LIONA and AQUAECOL will be showcased at the Toyo Ink Group booth at the interpack 2017 packaging exhibition in Düsseldorf, Germany in May.
About Toyo Ink
Toyo Ink, a wholly owned subsidiary of Toyo Ink SC Holdings Co., Ltd., oversees the Group's Printing and Information and the Packaging Materials business segments. It is the driving force behind the Group's graphic arts companies in Japan and abroad. Leveraging its high technical expertise, the company brings color and function to virtually all aspects of life.
About Doneck Euroflex S.A.
Doneck Euroflex S.A., the parent company of the Doneck Network of companies, is a major medium-size ink supplier in Europe with more than 40 years market experience in the European printing and packaging industry and a team of 180 people.
Source: Toyo Ink