Toka Ink to raise annual production
Wednesday, 20 October 2010
FE Report
Toka Ink Bangladesh Ltd, a joint venture of Bangladesh and Japan, will increase its yearly production of offset ink by 500 tonnes with a focus on increased demand of printing ink in domestic market.
Moreover, a feasibility study is on to add gravure ink to its product line against the backdrop of recent trend in printing on plastic poly propylene (PPP) matters.
"We will expand and start production within three months. The machinery will arrive soon," MA Momen, managing director of Toka Ink Bangladesh Ltd, told the FE.
Toka Ink Bd produces 1200 to 1300 tonnes of ink yearly while the production capacity of the factory is 1500 tonnes.
He said Toka Ink is mainly an import-substitute industry with Japanese technical support and 49 per cent investment equity.
"The demand of locally manufactured ink is increasing as we already have a strong and loyal customer base. We cater to the customers' demand on daily basis, delivering the ink at customers' doorstep and have a sincere after-sales service which contributed to our reputation," said Momen.
Earlier printers had to depend on imported printing ink keeping a stock of their own and risking any damage to quality of the ink, Momen said adding "now no printer needs to keep stock as we have a daily supply system."
He said besides the after-sales service and other facilities the major factor why Toka has become the favourite name to most of the printers is that it never compromises on quality.
At present Bangladesh has a yearly domestic demand of 20,000 tonnes of both offset and coldset printing ink of which 3000 tonnes are offset ink, said the former DCCI president.
"Of the 3000 tonnes of offset ink demand, 1000 are required as web printing ink and 2000 tonnes are used as sheetfed offset printing ink," said Momen, also the president of Ink Manufacturers Association of Bangladesh.
Toka Ink Bd holds 50 per cent market share of offset ink and 80 per cent of coldest ink.
"We produce only premium quality colour ink and no black ink. We provide 500 tonnes of colour web-ink to the newspaper industry annually catering to 80 per cent of the total demand."
There is an increased demand for flexo gravure ink in Bangladesh as the packaging industry is moving towards plastic polypropylene materials.
"The present trend of package printing has deviated from traditional paper materials towards various types of hygienic, airtight and food grade plastic materials to make containers for food, beverages and pharmaceutical products," said Momen.
Toka Ink Bangladesh Ltd, a joint venture of Bangladesh and Japan, will increase its yearly production of offset ink by 500 tonnes with a focus on increased demand of printing ink in domestic market.
Moreover, a feasibility study is on to add gravure ink to its product line against the backdrop of recent trend in printing on plastic poly propylene (PPP) matters.
"We will expand and start production within three months. The machinery will arrive soon," MA Momen, managing director of Toka Ink Bangladesh Ltd, told the FE.
Toka Ink Bd produces 1200 to 1300 tonnes of ink yearly while the production capacity of the factory is 1500 tonnes.
He said Toka Ink is mainly an import-substitute industry with Japanese technical support and 49 per cent investment equity.
"The demand of locally manufactured ink is increasing as we already have a strong and loyal customer base. We cater to the customers' demand on daily basis, delivering the ink at customers' doorstep and have a sincere after-sales service which contributed to our reputation," said Momen.
Earlier printers had to depend on imported printing ink keeping a stock of their own and risking any damage to quality of the ink, Momen said adding "now no printer needs to keep stock as we have a daily supply system."
He said besides the after-sales service and other facilities the major factor why Toka has become the favourite name to most of the printers is that it never compromises on quality.
At present Bangladesh has a yearly domestic demand of 20,000 tonnes of both offset and coldset printing ink of which 3000 tonnes are offset ink, said the former DCCI president.
"Of the 3000 tonnes of offset ink demand, 1000 are required as web printing ink and 2000 tonnes are used as sheetfed offset printing ink," said Momen, also the president of Ink Manufacturers Association of Bangladesh.
Toka Ink Bd holds 50 per cent market share of offset ink and 80 per cent of coldest ink.
"We produce only premium quality colour ink and no black ink. We provide 500 tonnes of colour web-ink to the newspaper industry annually catering to 80 per cent of the total demand."
There is an increased demand for flexo gravure ink in Bangladesh as the packaging industry is moving towards plastic polypropylene materials.
"The present trend of package printing has deviated from traditional paper materials towards various types of hygienic, airtight and food grade plastic materials to make containers for food, beverages and pharmaceutical products," said Momen.