In January 2024, holding company; Toyo Ink SC Holdings Co. Ltd. intends to rebrand and change its name to ‘artience’, a combination of ‘art and science’. As the company shifts its focus from chemistry to science, a transformation is taking place that will appeal to people’s sensibilities.
Toyo Ink Philippines
The Philippines has recorded annual GDP growth over five percent for the past decade, except for 2020. The country has a population of 120 million and its average population age of 24 is comparable with the average age of Japan’s population back in 1960. Economic growth in the Philippines is expected to continue and as an island country famous for its beautiful seas, warm climate and lush greenery, people from all over the world continue to visit the country. Established in 1989, Toyo Ink Philippines will celebrate its 35th anniversary next year. The company manufactures and sells various printing inks for flexible packaging, paper containers, stickers and labels and has earned a strong reputation for providing quality-driven products and services.
“In order to contribute to the sustainable growth of the country, we will continue to fulfill our responsibilities as a chemical manufacturer by playing a role in the development and provision of advanced environmentally-friendly products,” says Hiroyuki Ishii, managing director of Toyo Ink Philippines.
“We also provide customers with related machinery and technical services such as plastic colorants, coatings for surface and content protection and raw coloring material such as pigments and synthetic resins.”
While the Philippines has the advantage of being one of the most well-connected countries in Southeast Asia with English spoken across the country, issues such as the global elimination of plastics, the reduction of depleted resources and the reduction of CO2 gases associated with global warming are a major challenge.
“We believe that our environmentally-friendly products and services can continue to support the prosperity of the Filipino people,” says Ishii.
“We will continue to expand our products and services and in relation to color, we are introducing unique techniques and technologies such as our ‘color universal design’ in the Philippines”.
The company is also addressing issues faced by the 200 million people with color blindness. Caused by an abnormality in the X chromosome, colorblindness is often found in males who have only one X chromosome: about five to ten percent are said to be color blind and see colors slightly differently. This leads to sometimes having difficulty recognizing safety labels, precautions and packaging. Lioatlas®, a brand related to color management advocated by Toyo Ink Group, is a technology that incorporates ‘artience’ and together with related partners, Toyo Ink Philippines is bringing such innovations to the Philippines.
“We have enjoyed tremendous success in the Philippines,” says Edwin Lucila, Director of Toyo Ink Philippines.
“In 2019, we achieved P381.29 million in sales revenue, a gross profit of P79.47 million (an increase of almost 30 percent) and our operating profit was recorded at P22.69 million: an increase of 295.30 percent compared with the budget that year. Strong management leadership, cooperation, dedication and determination were the driving forces in what was our 30th anniversary year in the Philippines. While the pandemic created challenges, our strong spirit and commitment to society drove us forward. We were able to sustain our operations during those difficult times as we were serving the food packaging industry and achieved significant successes with our partners.
Guided by innovation, our desire to never give up and the Toyo Ink family values, we will continue to contribute to the welfare of people and create employee satisfaction while fulfilling our corporate social responsibilities and delivering high-quality products and industry-leading services for decades to come.”