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The Latin American ink market: printing ink manufacturers enjoyed growth in Latin America in 2008, as the region was able to better withstand the global recession.

Publication: Ink World
Publication Date: 01-JUN-09 		Format: Online
Delivery: Immediate Online Access
Full Article Title: The Latin American ink market: printing ink manufacturers enjoyed growth in Latin America in 2008, as the region was able to better withstand the global recession.(Industry overview)(Company overview)

Article Excerpt
At an estimated $700 million, the Latin American printing ink market offers an opportunity for growth for ink companies. In particular, Mexico and Brazil continue to be key markets in terms of printing and ink.

The impact of the global recession has affected Latin America to a lesser extent, although the ink industry still enjoyed overall growth in the region. Greg Lawson, vice president, sales for Sun Chemical, said that growth of volume was mixed in Latin America, depending on product categories.

"Packaging ink markets had slight growth and publication inks were flat, while both news and commercial sheetfed inks were down," Mr. Lawson said. "Reduced volume at the end of 2008 and the first quarter 2009 has created challenges for both ink manufactures and their print customers. The local currency devaluation in Brazil and Mexico has created even greater challenges, since most raw materials are dollarized."

Mexico and Central America

The Mexican ink industry is unique, as it is a mix of domestic manufacturers (Sanchez SA de CV), longstanding multinationals (notably Sun Chemical) and...

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