July 6, 2012
Ink World magazine reports on the growing popularity of Latin America with ink manufacturers, as numerous companies expanding their operations into the region.
One such manufacturer is Siegwerk, which has set up LATAM, a new division with a headquarters in Buenos Aires, Argentina in order to focus on its customers in the region. The company’s LATAM region currently employs around 650 people, spanning Argentina, Brazil, Chile, Colombia, Mexico and Central America, with plans for further development in Peru.
Commenting on the company’s future plans, Herbert Forker, CEO of Siegwerk stated: “For the next three years, Siegwerk sees an optimistic future sustained by an increasing development of GDP, exports within LATAM and towards the U.S., and a natural growth of per capita packaging consumption.”
Sanchez SA de CV, leading ink manufacturer in Mexico and Central America, is also expanding in the region, with its new company, Grupa Sanchez Colombia SA opening earlier this year; while Color Resolutions International (CRI) plans to relocate to a new facility in Monterrey, Mexico “twice the size of its old facility”, with Miguel Rocha Tijerina, Director of the company explaining that “CRI is installing a new ink dispenser in its Monterrey site that will benefit customers by increasing ink consistency and quality on all jobs.”
While Flint Group continues to see growth in the region, its President, Claudio Labbe has recently retired after 18 years with the company. Labbe helped to start up operations in Brazil, Argentina, Uruguay, Bolivia and Chile, with CEO Antoine Fady commenting that “Under his overall leadership, the Brazilian and Andean businesses have grown rapidly, and Mexico has become an important business for Flint Group.”
Although the Latin economy varies from country to country, on the whole it has fared well compared to most regions in recent years, with Greg Lawson, President of Sun Chemical Latin America commenting that “In general, the region has had positive growth”, although he added that “No single region in the world is isolated in a global economy. The balance between supply and demand affects Latin America too. The situation is further aggravated by currency devaluation in countries like Brazil and Mexico.”
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