Toyo Ink Group to Open Sales Office in Morocco

March 22, 2019, Tokyo, Japan—Toyo Ink SC Holdings Co., Ltd., the parent company of the Toyo Ink Group of Japan, today announced plans to open a new sales subsidiary in Casablanca, Morocco, in preparation for a full-scale business launch into the African continent. Eyeing the future economic progress of Africa, the company will set up its very first office on the continent, Toyo Ink North Africa S.A.R.L., for the medium- to long-term timeframe, with paid-in capital of EUR 2.4 million.

“Following China and India, the African continent is believed to be one of the future growth engines of the global economy,” said Katsumi Kitagawa, Group CEO of Toyo Ink Group. “Up until now, the Toyo Ink Group had been developing its business in the region by way of our existing operating bases. These efforts are now beginning to pay off as sales in the region have been steadily rising. The decision to establish an office in Morocco is a result of this early success and our need to focus on branding efforts, as we continue to solidify our position as a global single-source provider of integrated printing and packaging solutions.”

Toyo Ink North Africa will be engaged in developing business opportunities for a wide range of Group products such as commercial printing inks, liquid (flexo and gravure) inks and adhesives for food packaging, and can coatings. It will market existing Group products while functioning as a market research hub to help promote products customized to the unique needs of local markets. Moreover, the new subsidiary will not only focus on expanding sales and the development of ink products, but also work to increase sales of the Group’s growing chemical businesses. Through its business activities, Toyo Ink North Africa aims to form a solid foundation on which to make a positive contribution to the growth and development of African nations over the long term, and  to ultimately realize the Group vision of creating a vibrant world in which all living beings and the environment can coexist harmoniously.

About Toyo Ink SC Holdings Co., Ltd.
Headquartered in Tokyo, Toyo Ink SC Holdings Co., Ltd., the parent of the Toyo Ink Group of companies, is a scientific company with specialty chemicals at its core. Originally starting out as a printing ink manufacturer in 1896, the company is a developer and marketer of its own unique specialty chemical materials based on functional pigments and polymers, the raw materials in printing inks. The Toyo Ink Group operates its corporate activities under four business segments—Colorants and Functional Materials, Polymers and Coatings, Packaging Materials, and Printing and Information—while it expands applications to the healthcare, electronics devices, energy and related sectors. For more information, see schd.toyoinkgroup.com/en/.