Recently, Korea Toyo Ink Co., Ltd., which has a certain reputation in the international market, has already settled in China through acquisitions. Previously, South Korea's Toyo ink sales in the Chinese domestic market, mainly through the form of an agent, and its production is entirely in Korea. However, with the start of the Korean production of the Toyo Ink company in China, this situation will soon change.
This time, the manufacturing company set up by the Korean Toyo Ink Company in China is called Jinan Crown Ink Co., Ltd., and its predecessor was the original Jinan Ink Factory. South Korea Toyo Ink Co., Ltd. acquired a controlling stake in Jinan Ink Factory. It is understood that at present, South Korea's Toyo Ink Co., Ltd. is in the process of retrofitting the original production equipment of Jinan Ink Factory, and it is expected that it will be completed before the end of this year. By then, Jinan Crown Ink Co., Ltd. will use the “New Crown†trademark to introduce its products to the domestic market.
South Korea's Toyo Ink Co., Ltd., which had set up a joint venture production plant in China for the first time, did not invest much in this venture. The production capacity of Jinan Crown Ink Co., Ltd. after being put into production is about 1,500 tons per year. The product is mainly offset printing ink. This investment, on the one hand, can make South Korea's Toyo Ink Co.'s products sell at a lower price in China. On the other hand, it is also a pathfinder stone for South Korea's Toyo Ink Co., Ltd. to further expand the Chinese market.
This time, the manufacturing company set up by the Korean Toyo Ink Company in China is called Jinan Crown Ink Co., Ltd., and its predecessor was the original Jinan Ink Factory. South Korea Toyo Ink Co., Ltd. acquired a controlling stake in Jinan Ink Factory. It is understood that at present, South Korea's Toyo Ink Co., Ltd. is in the process of retrofitting the original production equipment of Jinan Ink Factory, and it is expected that it will be completed before the end of this year. By then, Jinan Crown Ink Co., Ltd. will use the “New Crown†trademark to introduce its products to the domestic market.
South Korea's Toyo Ink Co., Ltd., which had set up a joint venture production plant in China for the first time, did not invest much in this venture. The production capacity of Jinan Crown Ink Co., Ltd. after being put into production is about 1,500 tons per year. The product is mainly offset printing ink. This investment, on the one hand, can make South Korea's Toyo Ink Co.'s products sell at a lower price in China. On the other hand, it is also a pathfinder stone for South Korea's Toyo Ink Co., Ltd. to further expand the Chinese market.