Supplying custom colorants to the packaging, consumer, automotive markets

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The demand for masterbatch, an essential material for adding color and function to plastics found in packaging, containers and automotive interiors and    exteriors, has been on the rise in keeping with Mexico’s growing manufacturing sector. The Toyo Ink Group considers Guadalajara the ideal location from which it can meet the growing demand for masterbatch in the surrounding areas and throughout the Bajio region.
 
“This expansion demonstrates our commitment to the region and the plastic colorants sector,” stated John Easley, the president of Toyo Ink Mexico and former production manager of LioChem’s plastic colorants division. “Backed by a global supply chain and support network, and our unique technological know-how, the new plant will give us the additional capacity and capability to service and supply our customers throughout the Americas with greater speed and flexibility.”
 
Once completed, the plant located in the state of Jalisco, will be Toyo Ink Group’s second plastic colorant manufacturing base in North America – thirteenth overall spanning 11 countries in Europe, the Americas and Asia, including Japan and India. The new plant will house state-of-the-art processing lines, a color matching and applications development center, warehouse and administrative offices. The plant will manufacture the LioplaxTM series of high-performance plastic colorants for blow, extrusion and high-speed injection moulding applications.

Packaging South Asia is the cooperating media partner for drupa 2016 which is scheduled to be held from 31 May to 10 June at Dusseldorf, Germany.

Packaging South Asia — resilient, growing and impactful — daily, monthly — always responsive

The multi-channel B2B in print and digital 17-year-old platform matches the industry’s growth trajectory. The Indian, South Asian, Southeast Asian, and Middle East packaging industries are looking beyond the resilience of the past three years. They are resuming capacity expansion and diversification, with high technology and automation in new plants and projects.

As we present our 2024 publishing plan, India’s real GDP growth for the financial year ending 31 March 2024 will exceed 6%. The packaging industry growth will match the GDP growth in volume terms and surpass it by at least 3% in terms of nominal growth allowing for price inflation in energy, raw materials, consumables, and capital equipment.

The capacity for flexible film manufacturing in India increased by 45% over the past four years. With orders in place, we expect another 20% capacity addition in 2024 and 2025. Capacities in monocartons, corrugation, aseptic liquid packaging, and labels are grown similarly. As the consumption story returns over the next six months, we expect demand to return and exceed the growth trajectory of previous years. The numbers are positive for most of the economies in the region – and as shown by our analytics, our platform increasingly reaches and influences these.

For responsible and sustainable packaging, with its attendant regulations and compliances, there is significant headroom to grow in India and the region. Our coverage includes the entire packaging supply chain – from concept to shelf and to waste collection, sorting, and recycling.

We target brand owners, product managers, raw material suppliers, packaging designers and converters, and recyclers. This is a large and complex canvas – the only thing that can work is your agile thinking and innovation together with our continuous learning and persistence.

The coming year looks to be an up year in this region, and this is the right time to plan your participation and marketing communication – in our rich and highly targeted business platform with human resources on the ground. Share your thoughts and plans and to inspire and mobilize our editorial and advertising teams!

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– Naresh Khanna (25 October 2023)

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