Toyo Ink Co., Ltd., a member of the Toyo Ink Group, and Doneck Euroflex S.A., a manufacturer of flexo and gravure inks for the European region, have announced that they concluded a licensing agreement that allows Doneck to manufacture and sell Toyo Ink\'s AQUA LIONAT and AQUAECOLT series of water-based lamination inks to markets in Europe. 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.
"We\'re delighted to enter this agreement with Doneck Euroflex, a major company in the supply of liquid ink systems across Europe," says 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."
While tapping into Doneck\'s extensive distribution network, Toyo Ink will strive to provide full customer support tailored to individual market needs and to achieveshipments 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," says 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 anda 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.
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